GEM Co Ltd — MarketDX

China

002340.CS▲

GEM Co., Ltd. 2026 Interim Report Net Profit 1.076 Billion Yuan

GEM Co., Ltd. released its 2026 interim report, with total operating revenue of 17.987 billion yuan and net profit attributable to the parent company of 1.076 billion yuan. Net cash inflow from operating activities was 608 million yuan, a decrease of 840 million yuan compared with the same period last year, down 58.02%. The company's asset-liability ratio was 65.94%, gross margin was 13.53%, ROE was 4.97%, and diluted earnings per share was 0.21 yuan. The number of shareholders was 431,900, and the top ten shareholders held 14.51% of the total share capital.

GEM Co Ltd ▲

002340.CS · Capital · Positive Reported net profit of 1.076 billion yuan in interim report.

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China

Electrification & Mobility▲

GEM first-half net profit up 34.68% year on year; proposes 0.32 yuan per 10 shares

GEM disclosed its half-year report on August 28. In the first half of 2026, it achieved operating revenue of 17.987 billion yuan, up 2.43% year on year. Net profit attributable to shareholders of the listed company was 1.076 billion yuan, up 34.68% year on year. Basic earnings per share were 0.21 yuan. The company plans to distribute a cash dividend of 0.32 yuan per 10 shares, tax included. During the reporting period, its key metal recycling and extraction business achieved operating revenue of 7.161 billion yuan, up 33.78% year on year, accounting for 39.81% of total sales. Its power battery recycling business achieved operating revenue of 942 million yuan, up 8.70% year on year, accounting for 5.24% of total sales. Its core new energy materials manufacturing business achieved operating revenue of 8.819 billion yuan, down 13.77% year on year, accounting for 49.03% of total sales.

GEM Co Ltd ▲

Electrification & Mobility ▲Critical Materials & Supply Chain

About megatrends

Electrification & Mobility › Battery Recycling & Circularity ▲Demand

Critical Materials & Supply Chain › Lithium Competition

002340.CS · Capital · Positive Net profit up 34.68% year on year, with proposed dividend.

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002340.CS▲

GEM Co. Repurchases 2.6962 Million Shares for 18.3343 Million Yuan in First Buyback

GEM Co. announced that on August 5, the company repurchased 2.6962 million shares for the first time through its special repurchase securities account via centralized bidding, accounting for 0.05% of total share capital. The total transaction amount was 18.3343 million yuan, with the highest transaction price at 6.82 yuan per share and the lowest at 6.75 yuan per share. Previously, on July 16, 2026, the company's board of directors reviewed and approved the repurchase plan, which will use its own funds or self-raised funds to repurchase shares for equity incentives or employee stock ownership plans. The total repurchase amount is no less than 100 million yuan and no more than 160 million yuan, with a repurchase price not exceeding 10.60 yuan per share. Based on the upper limit, it is estimated that approximately 15.0943 million shares can be repurchased, accounting for 0.30% of the company's total share capital, and the implementation period is within 12 months. The source of funds for this repurchase is its own funds or self-raised funds, the transaction price did not exceed the upper limit of the plan, and the operation complies with relevant laws, regulations, and exchange rules.

GEM Co Ltd ▲

002340.CS · Capital · Positive Company repurchased shares, signaling confidence and supporting stock price.

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Critical Materials & Supply Chain▼

MIIT Scraps Cascade Utilization Clause for Power Batteries, Removes Over 100 Companies from Compliance List

The Ministry of Industry and Information Technology has abolished the cascade utilization clause for retired new energy vehicle power batteries, ending the public announcement management of cascade utilization enterprises and removing 100 previously listed companies from the roster of those meeting regulatory standards. The delisted firms include Shanghai BYD, Huayou Resources, Honeycomb Energy, Gotion High-tech, Rept Battero, Tengyuan Cobalt, Do-Fluoride, CRRC Times Electric, and GEM. The MIIT noted that some companies produced substandard battery products under the guise of cascade utilization, creating safety hazards and disrupting market order. This adjustment aims to eliminate conceptual confusion, requiring that battery products made from retired power batteries must meet quality standards for their application areas, and prohibiting the use of whole or reassembled retired power batteries in prohibited sectors such as electric bicycles. Analysts believe that compliant battery-swapping operators and the recycling industry chain will benefit, while the repair and second-hand markets reliant on gray-market batteries will face pressure, accelerating the concentration of industry resources toward leading companies with strong technical capabilities.

Gotion High te… ▼GEM Co Ltd ▼Do-Fluoride Ch… ▼REPT BATTERO E… ▼Ganzhou Tengyu… ▼Zhuzhou CRRC T… ▼

Critical Materials & Supply Chain ▼Electrification & Mobility ▲

About megatrends

Critical Materials & Supply Chain › Lithium ▼Regulation

Electrification & Mobility › Battery Recycling & Circularity ▲Regulation

Electrification & Mobility › Two-wheeler & Micromobility ▲Regulation

002074.CS · Regulation · Negative Removed from compliance list due to substandard cascade utilization products

002340.CS · Regulation · Negative Removed from compliance list due to substandard cascade utilization products

002407.CS · Regulation · Negative Removed from compliance list due to substandard cascade utilization products

0666.HK · Regulation · Negative Removed from compliance list due to substandard cascade utilization products

301219.CS · Regulation · Negative Removed from compliance list due to substandard cascade utilization products, facing regulatory crackdown.

688187.CG · Regulation · Negative Removed from compliance list due to substandard cascade utilization products

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002340.CS▲

GEM Receives Stock Buyback Loan Commitment of Up to 144 Million Yuan from ICBC

GEM has obtained a stock buyback special loan commitment letter from the Shenzhen branch of Industrial and Commercial Bank of China. The loan amount does not exceed 144 million yuan and does not exceed 90 percent of the total funds for this stock buyback, with a loan term of no more than 36 months. The company previously planned to repurchase shares with an amount ranging from 100 million to 160 million yuan, for use in equity incentives or employee stock ownership plans.

GEM Co Ltd ▲

002340.CS · Capital · Positive GEM receives a buyback loan commitment of up to 144 million yuan from ICBC, supporting its share repurchase plan.

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002340.CS▲3

GEM Plans to Spend 100 Million to 160 Million Yuan on Share Buyback

GEM announced that the company plans to spend 100 million to 160 million yuan on share buybacks, to be used for equity incentives or employee stock ownership plans, with a buyback price not exceeding 10.6 yuan per share.

GEM Co Ltd ▲

002340.CS · Capital · Positive Company announces share buyback plan of 100-160 million yuan, which is a capital allocation event typically viewed as positive for shareholders.

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