Wanrun New Energy Posts RMB 12.4b H1 Revenue, Swings to Profit
Wanrun New Energy reported 2026 first-half revenue of RMB 12.426 billion, up 180.13% year on year, with net profit attributable to shareholders of RMB 602 million, reversing a year-earlier loss. Lithium iron phosphate sales volume rose 63.22% from the 2025 period, aided by higher raw material prices and stronger downstream demand.
Wanrun New Energy released its 2026 semi-annual report. In the first half of 2026, the company recorded operating revenue of RMB 12.426 billion, up 180.13% year on year, while net profit attributable to shareholders of the listed company reached RMB 602 million, reversing a loss in the same period of 2025.
During the reporting period, prices of key raw materials such as lithium carbonate rose compared with the 2025 period, lifting the selling prices of the company's products. At the same time, downstream market demand increased, and sales volume of lithium iron phosphate grew 63.22% year on year. Output and sales of the core product lithium iron phosphate both rose sharply, unlocking economies of scale, and the gross margin improved versus the 2025 period.