Lianhong NewTech H1 Net Profit Jumps 43 Percent Despite Revenue Dip New Materials Portfolio Drives Growth

On August 15, Lianhong NewTech announced its 2025 interim results, reporting revenue of 2.911 billion yuan—a 12.13% year-on-year decline—while net profit attributable to shareholders soared 14.15% to 161 million yuan. Excluding non-recurring items, net profit surged an impressive 43.21% to 159.78 million yuan, underscoring the company’s improved profitability.

The profit upswing was driven by falling raw material costs and profit contributions from new products such as EC, UHMWPE, specialty electronic gases, and PLA. The company’s four major sectors—new energy, bio-based, electronic, and specialty materials—have formed a robust “specialized and innovative” cluster, with several advanced projects moving forward:

• High-VA EVA (photovoltaic, cables, premium shoes): 150,000 tons/year capacity, with another 200,000 tons/year expected online by end-2025.
• POE and UHMWPE: 10,000 tons/year POE project due 2025; 20,000 tons/year UHMWPE for batteries and marine uses.
• Carbonate lithium battery solvents, solid-state battery materials, and sodium-ion battery investments signal aggressive expansion into energy storage.
• PLA: 130,000 tons/year capacity for high-purity, full-chain polylactic acid, with batch sales ongoing.
• Electronic gases: 10,000 tons/year capacity, already supplying top chipmakers like TSMC and Shanghai Xinsheng.
• Specialty monomers, advanced polyols, and cutting-edge isocyanate (XDI) projects are in the pipeline, alongside a PEEK scale-up plan.

Lianhong is rapidly building a “China R&D + Industrialization” ecosystem across multiple new materials, boosting risk resistance and competitiveness. The company’s steady investment and product innovation position it as a rising force in the advanced materials sector.