The Zhitong Finance App learned that Caike New Energy (01986) surged nearly 19% in the afternoon. As of press release, it had risen 18.99% to HK$0.94, with a turnover of HK$4.386 million.

According to the news, Caike New Energy announced at noon that the Group's profit for the six-month period ending June 30, 2026 will be no less than RMB 118 million, an increase of no less than 293.3% over the previous year; the profit that owners of the parent company should account for no less than RMB 90 million, a significant increase of not less than 867.7% over the previous year.

The company said that the above increase was mainly due to a sharp year-on-year increase in sales volume and average unit sales price of iron phosphate, the Group's main product in the battery materials sector during the reporting period due to continued growth in downstream market demand, which led to an increase in revenue and gross profit in the Group's battery materials sector. Secondly, the sales volume and average sales price per unit of agricultural chemical intermediate products also increased year on year.

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