雅化集团：上半年净利润1.36亿元，同比增长32.87%

Core Viewpoint - Yahua Group (002497) reported a decline in revenue for the first half of 2025, while net profit showed significant growth, indicating mixed performance amid industry challenges [1] Financial Performance - The company achieved an operating revenue of 3.423 billion yuan, a year-on-year decrease of 13.04% [1] - The net profit attributable to shareholders was 136 million yuan, reflecting a year-on-year increase of 32.87% [1] - Basic earnings per share were reported at 0.1178 yuan [1] Business Operations - Demand for lithium salt from long-term customers remained stable, and the company actively expanded its domestic and international customer base [1] - The production of lithium concentrate from the Kamativi lithium mine in Zimbabwe has been utilized in product manufacturing, contributing positively to the cost structure [1] - The increase in self-sufficiency of lithium ore has positively impacted the cost side of lithium salt products [1] Industry Context - The lithium industry faced challenges due to an overall oversupply and disruptions caused by tariff events, leading to a continuous decline in lithium prices starting from the second quarter of 2025 [1] - The decline in lithium prices significantly affected the profitability of the company's lithium business [1]