YOUNGY (002192) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥303.41 million, up 21.06% year-over-year, driven by a significant increase in lithium concentrate output and sales volume, despite a sharp decline in lithium salt prices and reduced lithium salt sales volume.

• Net profit attributable to shareholders was ¥85.41 million, down 48.54% year-over-year, mainly due to lower lithium salt prices, reduced investment income from associates, and a decrease in government subsidies received.

Financial highlights

• Operating income: ¥303.41 million, up 21.06% year-over-year.

• Net profit attributable to shareholders: ¥85.41 million, down 48.54% year-over-year.

• Operating cash flow: ¥179.96 million, down 35.88% year-over-year.

• Basic and diluted EPS: ¥0.3289, down 48.55% year-over-year.

• Gross margin for lithium concentrate: 49.58%; for lithium battery equipment: 17.00%.

Outlook and guidance

• The company continues to expand lithium concentrate production capacity, with a 35,000-ton/year beneficiation project in preparation.

• Lithium salt prices remain volatile; future performance will depend on market recovery and project execution.

• No interim dividend, bonus shares, or capital increase from reserves planned for H1 2025.