Lianchuang Shares reported sharply higher first-half 2026 earnings, with revenue reaching 615 million yuan and net profit attributable to shareholders climbing 142.36% year-on-year to 28.35 million yuan. Net profit excluding non-recurring items rose even faster, up 440.27% to 23.27 million yuan, as sales volumes increased in the company’s fluorinated new materials business. The company said the full implementation of the HFCs (hydrofluorocarbons) quota system boosted industry concentration in fluorinated refrigerants, improving product profitability, while demand for high-end lithium battery-grade fluoropolymers from the energy storage and power battery markets added incremental revenue. Operating cash flow, however, fell 42.70% to 9.12 million yuan because of equity acquisition earnest payments and repayments of loans from non-related parties, highlighting the cash demands tied to expansion and balance-sheet management. R&D investment rose 30.36% to 26.26 million yuan during the period.