CNGR forecasts sharp first-quarter profit jump on strong battery material demand
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CNGR Advanced Material Co., Ltd. (HK:2579) anticipates a significant increase in first-quarter 2026 profits, projecting net profits between RMB530 million and RMB590 million, a rise of 72% to 92% year-on-year. Profit after non-recurring items is expected to be RMB490 million to RMB550 million, up 86% to 109%. This growth is attributed to strong global demand for new energy and the company's leadership in battery materials, with sales reaching nearly 130,000 tonnes. Investors are advised that final figures will be disclosed in the upcoming quarterly report.
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