Grinm Advanced Materials forecasts significant Q3 profit jump

Grinm Advanced Materials Co., Ltd. anticipates a net profit attributable to shareholders of 230m to 260m yuan for the first three quarters of 2025. This represents an increase of 115.42m to 145.42m yuan compared to the same period last year, marking a growth of 101% to 127%. Excluding non-recurring gains and losses, net profit is projected to be 155m to 170m yuan, an increase of 62% to 78%.

The significant profit growth is attributed to strong performance from its subsidiaries. Grinm Yijin, a controlled subsidiary, expects net profit between 200m and 220m yuan for the period, with target material sales revenue increasing by over 50%. Grinm Rare Earth, another controlled subsidiary, is forecast to achieve a net profit of 7m to 12m yuan, having turned losses into profits through quality improvement initiatives and technology commercialization.

Additionally, a technology transfer involving lithium sulfide-related technology generated a transfer income of 107.57m yuan in the first three quarters of 2025. This transaction, although part of normal business operations, is classified as a non-recurring gain due to its incidental nature, contributing 48.41m yuan to the net profit attributable to shareholders.