Yongtai Technology has made an announcement, revealing that it projects its net profit for the first half of 2026 to soar to a range of RMB 265 million to RMB 330 million. This marks a significant year-on-year increase, spanning from 350.68% to 461.22%. The driving force behind this remarkable performance growth mainly stems from the escalating demand in the new energy vehicle and energy storage sectors. The company has witnessed a simultaneous uptick in both sales volume and prices for its core lithium battery materials, encompassing lithium hexafluorophosphate, LiFSI, VC, and electrolyte. Moreover, the newly operational VC production capacity is being gradually and steadily rolled out.
