CNGR forecasts sharp first-quarter profit jump on strong battery material demand

The latest announcement is out from CNGR Advanced Material Co., Ltd. Class H ( (HK:2579) ).

CNGR Advanced Material Co., Ltd. expects a sharp rise in first-quarter 2026 profitability, with net profit attributable to shareholders projected between RMB530 million and RMB590 million, representing an increase of roughly 72% to 92% from a year earlier. Profit after deducting non-recurring items is forecast at RMB490 million to RMB550 million, up about 86% to 109% year-on-year, though the figures are based on unaudited internal estimates.

Management attributes the earnings surge to robust global new energy demand and the company’s leading role in battery materials, which drove total sales of nickel, cobalt, phosphorus and sodium-based products to nearly 130,000 tonnes. Rising nickel ore and product prices, combined with CNGR’s integrated resources and materials strategy, boosted profitability in mining and smelting and underpinned sustained growth in overall operating profit, while investors are cautioned that final figures will be detailed in the upcoming quarterly report.

The most recent analyst rating on (HK:2579) stock is a Hold with a HK$39.00 price target. To see the full list of analyst forecasts on CNGR Advanced Material Co., Ltd. Class H stock, see the HK:2579 Stock Forecast page.

More about CNGR Advanced Material Co., Ltd. Class H

CNGR Advanced Material Co., Ltd. is a China-based producer of advanced battery materials, operating with a strong position in the global new energy supply chain. The company focuses on nickel-based, cobalt-based, phosphorus-based and sodium-based battery materials, supported by an integrated “Resources + Materials” model that includes nickel ore mining and smelting operations.

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Technical Sentiment Signal: Strong Sell

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