CNBM Technology Posts 245% Net Profit Growth as Fiberglass, Blades, and Lithium Film Sales Surge

Recently, China National Materials Technology Co., Ltd. released its performance report for the first half of 2025. The company achieved an operating revenue of 13.33 billion yuan, representing a year-on-year increase of 26%. The net profit attributable to shareholders of the listed company was 1.0 billion yuan, up 115% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 810 million yuan, a year-on-year increase of 245%.

CNBM Technology focuses on strategic emerging industries such as new energy, new materials, and green low-carbon development. It concentrates on three major sectors: specialty fibers, composite materials, and new energy materials. Adhering to the industrial development strategy of "optimizing fiberglass, strengthening blades, and expanding lithium membranes," the company allocates key resources to vigorously develop its three leading industries: fiberglass and products, wind power blades, and lithium battery separators. At the same time, it is engaged in the research, manufacturing, and sales of high-pressure composite cylinders, membrane materials, and other composite material products.

(1) Glass Fiber Business: During the reporting period, Taishan Fiberglass fully leveraged its advantage of a high proportion of high-end products, resulting in a substantial increase in profitability. The company sold a total of 673,000 tons of glass fiber and related products, achieving sales revenue of 4.35 billion yuan, a year-on-year increase of 13%. Net profit attributable to the parent company reached 560 million yuan, a year-on-year increase of 262%. Among these, sales of specialty fiber fabrics reached 8.95 million meters, covering a full range of products including first-generation low dielectric fiber fabric, second-generation low dielectric fiber fabric, low expansion fiber fabric, and ultra-low loss low dielectric fiber fabric. All products have completed certification and batch supply to leading domestic and international customers, with product performance comparable to international manufacturers.

During the reporting period, the average price of fiberglass products increased by 14% year-on-year; sales of wind power products increased by 44% year-on-year; the sales volumes of LFT yarn, high-modulus staple fiber, and flat fiber all achieved year-on-year growth, with LFT products maintaining the number one global market share.

(2) Wind Turbine Blade Business: During the reporting period, Sinoma Blade sold 15.3GW of wind turbine blades, representing a year-on-year increase of 103%. In the first half of the year, revenue from the wind turbine blade segment reached 5.2 billion yuan, up 84% year-on-year, and net profit attributable to the parent company was 370 million yuan, a year-on-year increase of 258%. Capacity utilization exceeded 90%, showing a significant year-on-year increase, which resulted in more efficient allocation of production resources and improved output efficiency.

(3) Lithium Battery Separator Business: During the reporting period, CNBM Lithium Membrane achieved a total external sales volume of 1.3 billion square meters of lithium battery separators, representing a year-on-year increase of 60%. Revenue reached 930 million yuan, up 22% year-on-year. In terms of market sales, the company consolidated its domestic market, expanded internationally, continued to deepen the development of strategic customers, and continuously optimized its product structure. Sales volume saw a significant year-on-year increase, with coated separator sales growing by 130% year-on-year, and their proportion rising by 15 percentage points. Sales to international customers increased by 60% year-on-year. The 5μm ultra-thin base film achieved large-scale mass production and was successfully launched to the market, with shipment volume expected to continue increasing in the second half of the year.

(4) Other Business: During the reporting period, the company's hydrogen storage cylinder industry continued to maintain its leading position in the industry, with a total sales volume of 3,000 hydrogen storage cylinders, and its market share and announcement number continued to be the first in China. Suzhou Limited has established three overseas marketing institutions for gas cylinders, fully opening up the international market. Nanbo Limited, Beibo Limited, and Sufi Limited serve as the company's innovation incubation platforms, focusing on technological innovation and industrial incubation, aiming to break through "bottleneck" technologies and develop characteristic leading businesses. During the reporting period, the sales volumes of high-strength glass fiber, high-silica fiber, and glass microfiber paper all achieved year-on-year growth.