Yuneng in Hunan Province: It is expected that the net profit will increase by 93.75%-135.87% in 2025 compared to the previous year.

Hunan Yuneng announced that it is expected the net profit attributable to the shareholders of the listed company in 2025 will be between 11.5 billion yuan and 14 billion yuan, an increase of 93.75% to 135.87% compared to the same period last year when it was 5.94 billion yuan. The net profit after deducting non-recurring gains and losses is expected to be between 11 billion yuan and 13.5 billion yuan, an increase of 92.88% to 136.72% compared to the same period last year when it was 5.7 billion yuan. The main reason for this increase is the rapid development of the new energy vehicle and energy storage market, driving the demand for lithium battery cathode materials. There has also been a structural supply shortage, leading to a significant increase in sales of the company's phosphate cathode materials products, especially with the company's new products meeting the higher energy density, stronger fast charging performance, and larger cell capacity upgrade requirements of the downstream market for lithium batteries. In the second half of 2025, the price of the main raw material lithium carbonate is expected to increase, coupled with the continuous integration layout of the company and effective cost control, overall profitability is expected to improve.