On April 8, Tianhua New Energy (300390) made an announcement, projecting that the net profit attributable to its parent company for the first quarter of 2026 will soar to a range of RMB 900 million to RMB 1.05 billion. This remarkable figure signifies a substantial year-on-year growth rate between 27,517.53% and 32,120.45%. The primary driver behind this impressive performance uptick lies in the escalating downstream demand for energy storage and power batteries. This trend has fueled a significant profit surge within the company's lithium battery materials sector. Furthermore, Tianhua New Energy anticipates that the impact of non-recurring gains and losses on its net profit for the first quarter will hover around RMB 22 million.
