Lianrui New Materials H1 2026 revenue rises 21.21% as profit growth lags

Lianrui New Materials reported first-half 2026 revenue of 629 million yuan, up 21.21% year on year, and net profit attributable to shareholders of 149 million yuan, up 7.48%, with non-GAAP net profit rising 4.42% to 133 million yuan and operating cash flow increasing 35.61% to 58 million yuan despite pressure from foreign exchange gains and losses, convertible bond interest accruals and higher energy costs. The company said market share gains in angular silica micropowder, general-purpose spherical silica and spherical alumina, along with faster growth in submicron products, the Low α series and liquid-phase spherical silica, supported results amid demand linked to AI, high-performance computing, high-speed communications and intelligent driving. The newer record, however, names Lianchuang Shares and reports different first-half 2026 figures, including revenue of 615 million yuan, up 38.80%, net profit of 28.35 million yuan, up 142.36%, and operating cash flow down 42.70%, driven by fluorinated new materials, fluorinated refrigerants and the HFCs quota system. Taken together, the two records appear to describe different companies and different earnings events, so the newer item should be treated as a discrepancy rather than a direct update to the Lianrui story.

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