CNGR Advanced Material (HKG:2579, SHE:300919) said it expects 530 million yuan to 590 million yuan in attributable profit for the first quarter of 2026, up 72% to 92% from 307.6 million yuan in the prior-year quarter, according to a Hong Kong bourse filing Wednesday.
Shares of the new energy materials company gained nearly 2% in late morning Hong Kong trade Thursday.
The firm attributed the rise to increased sales in its battery materials business.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.