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04 Sep 2026——Reposted from Securities Times Online
In the first half of 2026, the global economic recovery remained uneven across markets. KEDA Industrial Group stayed focused on its globalization strategy and core businesses. In H1 2026, the company generated revenue of RMB 10.392 billion, up 26.92% year-on-year. Net profit attributable to shareholders of the listed company reached RMB 1.284 billion, up 72.39%, while net profit attributable to shareholders of the listed company excl. non-recurring profit or loss rose 85.70% to RMB 1.300 billion. Meanwhile, the company's global expansion continued to gain momentum, with international markets accounting for more than 65% of total revenue.
In the first half of 2026, the global economic recovery remained uneven across markets. KEDA Industrial Group stayed focused on its globalization strategy and core businesses. In H1 2026, the company generated revenue of RMB 10.392 billion, up 26.92% year-on-year. Net profit attributable to shareholders of the listed company reached RMB 1.284 billion, up 72.39%, while net profit attributable to shareholders of the listed company excl. non-recurring profit or loss rose 85.70% to RMB 1.300 billion. Meanwhile, the company's global expansion continued to gain momentum, with international markets accounting for more than 65% of total revenue.
By business segment, KEDA continued to expand its global footprint in ceramic machinery, spare parts & consumables; accelerated capacity expansion and product diversification in its building materials business; and benefited from higher prices and improved cost efficiency in its anode materials business and investment in Lanke Lithium Industry, both of which delivered improved performance.
In H1, the global building ceramics industry remained under pressure amid an industry-wide adjustment. Leveraging technological innovation, international expansion and its transition toward servitization, KEDA's building materials machinery business generated revenue of RMB 3.077 billion, with a gross margin of 23.81%, maintaining steady performance despite challenging market conditions. The ceramic machinery business remained stable, with traditional strongholds in South Asia showing improvement, while orders from the Middle East and North and South America saw significant growth. The spare parts & consumables business continued to expand, accounting for approximately 28% of segment orders, while the company further strengthened its localized global service network.
In terms of cross-sector expansion, the new smart machinery manufacturing base of HLT came on stream. Orders and revenue from areas including aluminum-alloy wheel hub forging hydraulic presses and aluminum-profile extrusion presses exceeded RMB 350 million, building further momentum for the company's transformation into a "Global Innovative & Green Solutions Provider for Building Materials & Industry Services".
Under its "Large-scale Building Materials" strategy, KEDA continued to expand its building materials business across Africa and South America through one of its subsidiaries, Twyford International. Driven by capacity ramp-up and improving prices in H1, the segment generated revenue of RMB 4.929 billion, up 30.70% year-on-year, with a gross margin of 43.88%. Tile sales benefited from both higher volumes and prices, glass sales increased, and sanitaryware achieved growth in both scale and operational efficiency. Projects including the Guinea ceramic project, Phase II of the Côte d'ivoire and Kisumu ceramic projects, Phase III of the Senegal building ceramics project, Phase II of the Ghana ceramics and sanitaryware project, the Ghana float glass project and the Peru glass project are expected to commence production successively between 2026 and 2027. The acquisition of sanitaryware and tableware businesses in Uganda is also expected to be completed within the year.
To date, Twyford International operates 21 building ceramic production lines, 2 glass production lines and 2 sanitaryware production lines across 7 African countries. In H1, building ceramic output reached approximately 110 million square meters, leaving further room for growth.
The lithium battery industry also showed signs of stabilization and recovery in H1. KEDA's artificial graphite production and sales increased significantly, generating revenue of approximately RMB 1.376 billion, up about 48.30% year-on-year. The company also accelerated technical upgrades to its integrated production capacity to further reduce costs and improve efficiency. In terms of its lithium salt investment, Lanke Lithium Industry benefited from improved management and rising lithium carbonate prices, delivering substantial year-on-year growth in net profit.
During the reporting period, Lanke Lithium Industry produced approximately 20,200 tonnes of lithium carbonate and sold approximately 17,800 tonnes, generating revenue of RMB 2.543 billion and net profit of RMB 1.411 billion. Its contribution to KEDA's net profit attributable to shareholders of the listed company reached RMB 615 million, up 266.21% from the same period last year.
