Shengquan Group H1 Profit Jumps 51 Percent Revenue Hits 5.35 Billion Yuan AI and EV Boom Drive New Materials Surge

Shengquan Group posted stellar results for the first half of 2025, with revenue reaching 5.351 billion yuan, up 15.67%, and net profit attributable to shareholders surging 51.19% to 501 million yuan. By the end of June, total assets stood at 16.28 billion yuan and the debt ratio was a healthy 35.65%.

The company’s explosive growth was powered by several engines:
Demand for high-end new materials, such as PPO resins, soared on the back of the global AI server wave, cementing Shengquan’s status as a key supplier for chip packaging and server PCBs. In the battery sector, rapid advances in electric vehicles sparked geometric growth in porous carbon materials, with Shengquan’s unique phenolic and recombinant resin-based products entering mainstream battery supply chains.

Traditional businesses also saw success with a range of customized resins for NEVs, oilfields, and innovative solutions like 3D printing resins, winning broad market recognition. Meanwhile, biomass operations ramped up with the Daqing 1-million-ton refinery running smoothly and new products like xylitol and L-arabinose gaining carbon footprint certifications.

Business breakdowns highlight the momentum:

• Advanced electronic and battery materials brought in 846 million yuan (up 32.43%), with shipment volume up 14.9%.
• Synthetic resins saw sales of 2.81 billion yuan and volume up 15.48%.
• Biomass revenue jumped 26.47% to 516 million yuan.

After topping 10 billion yuan in annual sales for the first time last year, Shengquan’s 2025 revenue is almost certain to surpass 11 billion yuan. The company’s innovation-driven model and strong demand in AI, EV, and green chemicals are fueling this powerful growth trajectory.