Dongyangguang's 2026 H1 Revenue Rises 31.61% to RMB 9.376 Billion, AI Business Up 1,144.22%

Dongyangguang recently released its interim report for the first half of 2026. The report shows that the company achieved revenue of RMB 9.376 billion, up 31.61% year-on-year; net profit attributable to shareholders of the listed company was RMB 389 million, down 36.46% year-on-year; basic earnings per share were RMB 0.129. In addition, net cash flow from operating activities reached RMB 2.512 billion, an increase of 843.66% year-on-year.

During the reporting period, revenue growth was mainly driven by the market performance of core product lines. Lithium iron phosphate and high-end aluminium foil products saw simultaneous increases in volume and price due to improved market conditions; refrigerant product prices remained at high levels, providing a stable profit increment; and the new series of laminated foil products accelerated their volume ramp-up. Meanwhile, AI-related business achieved revenue growth of 1,144.22% year-on-year, covering areas such as AI passive components, AI computing power, liquid cooling technology and physical AI.

The company recognised equity incentive expenses of RMB 351 million in the first half, and a fair value change of its holdings in Dongyangguang Pharmaceutical and Lidun reduced profit by RMB 5.698 million. Excluding these factors, net profit attributable to shareholders of the listed company was RMB 746 million, up 40.20% from the same period in 2025; and net profit excluding non-recurring items attributable to shareholders was RMB 717 million, up 48.95% year-on-year.