Rongje expects profit to grow roughly tenfold in the first half of 2026

Rongje股份 has announced a net profit forecast for the first half of 2026 of 900 million to 1.1 billion Chinese yuan, a year-on-year increase of 956.84–1,191.69%.

Key growth figures

• Net profit forecast: 900 million to 1.1 billion yuan for the first half of 2026
• Growth rate: 956.84–1,191.69% year on year (roughly a 10- to 12-fold increase)
• Main driver: significant growth in the volume and price of lithium concentrate
• Secondary factor: higher net profit at its affiliated company Chengdu Rongje Lithium Industry
• Segment: production and sale of lithium salts and concentrates

What changed in production

Over the reporting period, the company noted significant growth in both the production and sales volumes of lithium concentrate and in its prices. Lithium concentrate is enriched ore that serves as the key raw material for lithium salts. Lithium salts, in turn, are used to make lithium batteries for portable electronics, electric vehicles and energy storage systems.

Its affiliated company Chengdu Rongje Lithium Industry, in which Rongje股份 holds a stake, also improved its results. The extremely high growth rates at the affiliate reflect a stronger position for the group across the production chain, from mining lithium raw material to making final lithium compounds.

The combination of two factors, a significant increase in physical shipment volumes alongside rising prices, led to a substantial increase in the group's total net profit. This pattern is typical when global demand for raw materials far exceeds supply.

Why lithium prices are rising

The surge in prices for lithium concentrate and salts is tied to the global trend of economic electrification. Demand for battery cells is growing as electric vehicles, which need larger batteries, spread, and as energy storage systems for solar and wind plants develop. Portable electronics such as smartphones, laptops and tablets also consume significant volumes of lithium batteries.

Analysts forecast that global lithium demand will grow at double-digit rates over the next several years, outpacing supply growth. That creates a favorable environment for producers such as Rongje股份.

Rongje's position in the global industry

Rongje股份 holds one of the key positions among producers of lithium raw material and compounds. Through a network of production facilities and affiliated companies, the group controls several links in the lithium battery production chain, from mining and enriching lithium concentrate to producing lithium salts. The forecast of enormous profit growth suggests the company managed to take full advantage of favorable market conditions.

What this means

Rongje股份's results reflect a broader trend: the global energy transition needs ever more lithium, and raw material producers remain the main beneficiaries. A forecast this large shows that demand for lithium materials remains tight and prices are holding high, at least in the first half of 2026. If current price and volume trends persist, the company may continue to post strong financial results in the second half of 2026.