Shangtai Technology disclosed its semi-annual report on August 18. In the first half of 2026, the company achieved operating income of 4.51 billion yuan, an increase of 33.11%; net profit attributable to shareholders of listed companies was 400 million yuan, a year-on-year decrease of 16.6%; and basic earnings per share were 1.1 yuan. During the reporting period, energy storage batteries continued to be hot, power batteries grew steadily, demand from downstream customers increased rapidly, the company's anode material products were in short supply, increasing the proportion of outsourced processing and procurement on a large scale, and achieving a significant increase in sales volume and revenue of anode materials. However, the prices of upstream coke raw materials have risen, and graphitized external processing has been stimulated by intense demand, causing product cost pressure. The company's product price transmission lags behind upstream rigid price changes, the price adjustment mechanism is slow, and the gross margin of the company's anode material products has declined year on year. As industry demand continues to be hot, it is expected that related adverse factors will be corrected.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.