STOCKS | Do-Fluoride Shares Hit Limit Down After Issuing 2026 First-Half Profit Guidance

Do-Fluoride’s shares fell to the daily limit in morning trading, and were down 10% at 36.99 yuan per share by the midday close. According to Jin10, the company disclosed on the evening of July 10 its earnings guidance for the first half of 2026. Do-Fluoride said it expected net profit attributable to shareholders of the listed company to be 450 million yuan to 560 million yuan, up 776.68% to 990.98% year on year. Some market views said lithium hexafluorophosphate prices weakened in the second quarter, while higher upstream lithium carbonate prices squeezed gross margin, leading to a contraction in profit per ton. They also said that after a sharp earlier rise in the stock price, the company proactively clarified popular themes, stating that the share of semiconductor-grade hydrofluoric acid was very low, and that it had no production line, no products, and no substantive orders for tungsten hexafluoride, meaning it could not be realized in the short term. In response, Do-Fluoride said its industry does have seasonal fluctuations, with both prices and shipment volumes varying. It said the second quarter is the off-season for the lithium battery industry, and that rising upstream lithium carbonate prices have an impact on the company. To address higher raw material costs, the company said it would also consider raising prices for its products. Based on third-party quotations, the company said the current price of lithium hexafluorophosphate was around 100,000 yuan per ton. It added that specific product information would be subject to the formal interim report.