Yunnan Germanium and Kexiang Post Divergent 2026 Interim Results

Yunnan Germanium released its 2026 interim report, posting revenue of RMB 732 million, up 38.21% year-on-year. Net profit attributable to shareholders of the listed company reached RMB 74.27 million, a surge of 235.31% from the prior-year period. Second-quarter net profit stood at RMB 65 million, within the previously guided range of RMB 46 million to RMB 71 million, and up 615% quarter-on-quarter from RMB 9 million in the first quarter. During the reporting period, robust demand from downstream data centers and optical communications drove a significant year-on-year increase in sales of the company's compound semiconductor materials. The company plans no interim cash dividend, no bonus shares, and no capital reserve conversion. The interim report also showed that Zhang Jianping newly became the fourth-largest shareholder, holding 6.66 million shares, representing 1.02% of total share capital.

Kexiang released its 2026 interim report, with first-half revenue of RMB 2.129 billion, up 17.88% year-on-year. Net loss attributable to shareholders widened to RMB 66.38 million, compared with a loss of RMB 62.03 million in the same period of 2025. The net loss excluding non-recurring items attributable to shareholders was RMB 75.28 million, versus a loss of RMB 72.40 million in 2025. The report also showed that Zhang Jianping newly became the seventh-largest shareholder, holding 9.46 million shares, representing 2.17% of total share capital.