MGL New Materials released its performance for the first three quarters, with a net profit attributable to the parent company of 7.3271 million yuan, a decrease of 18.87%

MGL New Materials released its Q3 2025 report, with operating revenue for the first three quarters amounting to 1.63 billion yuan, a year-on-year increase of 24.22%. The net profit attributable to the parent company was 7.3271 million yuan, a year-on-year decrease of 18.87%; the net profit excluding non-recurring gains and losses was 9.7906 million yuan, a year-on-year increase of 64.13%. The basic earnings per share were 0.0159 yuan

MGL New Materials: Yindi and others reduced their holdings by 2.33% from June to September

MGL New Materials announced that Beijing Yindi Investment Co., Ltd. and its concerted parties, Lianyungang Honglai Enterprise Management Partnership and Yancheng New Lithium Technology Co., Ltd., reduced their holdings by a total of 10.701 million shares through centralized bidding and block trading from June 23, 2025, to September 22, 2025, with a reduction ratio of 2.33%; Lu Chunquan and his concerted parties, Qiongcheng Purun Lifan Investment Partnership, reduced their holdings by a total of 5.6641 million shares during the same period, with a reduction ratio of 1.23%. After the reduction, the two parties hold 7.80% and 4.91% of the shares, respectively

Battery concept stocks rebounded from the bottom, MGL New Materials rose over 16%, Tianji Co., Ltd. turned positive, and XTEMD, Guanghua Technology, Lingpai Technology, and Gaole Co., Ltd. followed suit

The sodium-ion battery sector rebounds from the bottom, MGL New Materials rises over 10%

The sodium-ion battery sector rebounded from the bottom, with MGL New Materials rising over 10%. XTEMD, GHKJ, Tianji Co., Lead Power, GOLDLOK HOLDINGS, and others followed suit

MGL New Materials plans to raise no more than 980 million yuan through a private placement, with the controlling shareholder participating in the subscription of 200 million yuan

MGL New Materials plans to raise no more than 980 million yuan by issuing A-shares to specific investors, among which the controlling shareholder Hengtong New Energy will participate in the subscription of 200 million yuan. The issuance targets include no more than 35 specific investors, and the raised funds will be used for a project to produce 30,000 tons of lithium-ion battery cathode materials annually and to supplement working capital