【Rongjie Corporation: First-Half Net Profit of RMB 166 Million, Down 45.09% YoY】Rongjie Corporation has released its semi-annual report, announcing that the company achieved revenue of RMB 251 million in the first half of 2024, marking a year-on-year decline of 60.54%. Net profit attributable to shareholders of the parent company stood at RMB 166 million, down 45.09% YoY. Basic earnings per share were RMB 0.64. In the first half of 2024, influenced by the continuous increase in lithium salt supply and the slowdown in demand growth for lithium battery materials downstream, the sales price of lithium products dropped significantly YoY during the reporting period, leading to a decrease in net profit from the company's lithium concentrate products YoY. Additionally, the profits of the company's associate lithium salt enterprises dropped substantially YoY, resulting in a significant reduction in the company's recognized investment income. These factors combined led to a moderate decline in both the company's revenue and net profit YoY.

Tengyuan Cobalt Industry has announced that its estimated net profit in the first half of the year will range from RMB 358 million to 465 million yuan, with a year-on-year growth of 343.07% to 475.5%. During the reporting period, the company's performance has achieved significant year-on-year growth, mainly due to the gradual release of production capacity of the investment projects and the third-phase project of Tengyuan Congo, which has led to an increase in the company's cobalt and copper production both domestically and internationally. In addition, the rise in copper sales prices has also significantly improved the company's overall profitability.

[Yahua Group: Expected Net Profit in the First Half of the Year to Decline by 87%-92% Year-on-Year] Yahua Group has issued an announcement stating that it expects its net profit in the first half of the year to range from 80 million yuan to 120 million yuan, representing a year-on-year decrease of 87.38% to 91.58%. During the reporting period, the market price of the lithium industry continued to decline, especially the price of lithium salt products, which fell more significantly than the price of lithium raw materials, leading to a significant drop in the company's operating performance compared with the same period last year. In the second quarter of 2024, the net profit attributable to shareholders of the listed company is expected to range from 65.0695 million yuan to 105.0695 million yuan, representing an increase of 335.82% to 603.72% compared with the first quarter. Among them, the production of lithium salt products increased by 11% compared with the previous quarter.