Asia
Do-Fluoride New Materials' Profit Seen Skyrocketing Elevenfold in H1; Shares Tumble 10%
Do-Fluoride New Materials (SHE:002407) expects its attributable net profit to grow nearly elevenfold in the first half of 2026 to up to 560 million yuan from 51.3 million yuan a year earlier.Net profit is forecast to jump by about 777% to 991% from a year prior, according to a Shenzhen bourse filing on Saturday.Basic earnings per share is predicted to range between 0.38 yuan and 0.47 yuan, up from 0.0441 yuan a year earlier.The manufacturer of inorganic fluorides attributed the anticipated profit jump to the steady growth in the new energy industry, which led to increased demand from downstream customers such as battery makers and new-energy vehicle manufacturers.Do-Fluoride's shares plunged 10% in recent trade.
SHE:002407
