According to the Zhitong Finance App, Yunnan Germanium Industry (002428.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 732 million yuan, an increase of 38.21% over the previous year. Net profit attributable to shareholders of listed companies was 74.2699 million yuan, an increase of 235.31% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 66.9036 million yuan, an increase of 770.09% over the previous year.
Revenue increased in the current period compared to the same period of the previous year, mainly due to: ① Sales volume of major products increased revenue of 45,77985 million yuan. Among them, sales of compound semiconductor materials increased significantly year-on-year due to a sharp increase in market demand for downstream data centers, optical communications, etc.; sales of material-level germanium products increased year-on-year; sales of material-grade germanium products increased year-on-year; sales of infrared germanium products increased year-on-year; sales of infrared germanium products (lenses, optical systems) increased year-on-year; Due to the double influence of policies and germanium prices, low- and middle-end optical users at home and abroad have accelerated the replacement process of other infrared materials. Sales of infrared-grade germanium products (rough and coated lenses) declined year-on-year; in this phase, the company adjusted its pricing strategy based on cost transmission requirements, and the business negotiation cycle for new orders for some photovoltaic-grade germanium products and fiber-grade germanium products was extended, leading to a year-on-year decline in sales. ② Price changes of major products reduced operating income by 255.4957 million yuan. Among them, due to the delivery of pre-signed contracts to customers in accordance with the contract agreement, the unit price of material-grade germanium products, infrared grade germanium products (rough and coated lenses), and fiber-grade germanium products decreased year-on-year; the increase in sales share of lens products with relatively low unit prices led to a decrease in the average price of infrared-grade germanium products (lenses, optical systems); due to market supply and demand relationships and market price fluctuations, the average sales price of indium phosphide products increased the average price of semiconductor compounds.