HK Stock Market Move | CNGR Advanced Material (02579) rose more than 4% after profit, with a forecasted increase in net profit attributable to shareholders in the first half of the year by up to 84.23%. The income from the laterite nickel mine is steadily increasing.

CNGR Advanced Material (02579) rose more than 4% after the announcement, as of the time of publication, it had risen by 4.35% to 24.48 Hong Kong dollars, with a trading volume of 5.517 million Hong Kong dollars. On the news front, on July 13, CNGR Advanced Material announced that it is expected to achieve a net profit attributable to shareholders of the company of 1.25 billion to 1.35 billion yuan in the first half of 2026, an increase of 70.58% - 84.23% year on year. During the reporting period, the company seized the opportunities for high prosperity in the global new energy industry and with its leading position in the battery materials field, the total sales of core products such as nickel, cobalt, phosphorus, and sodium exceeded 250,000 tons. By segment, the sales of ternary precursor in the first half of the year increased by more than 50% year on year, maintaining a stable comprehensive gross profit margin and further solidifying its leading position in the industry; the sales of phosphorus materials increased by more than 25% year on year, with significant profit elasticity released, successfully turning losses into profits; the sales of sodium battery precursor materials maintained a high growth trend, continuing to maintain a leading position in the industry. In addition, the company's upstream resource layout has achieved remarkable results, with steady growth in return on investment in lateritic nickel mines; the Indonesian pyrometallurgical nickel smelting project, with cost advantages, effectively hedged against local policy changes and maintained an excellent level of profitability.