On July 13 morning Duofuduo shares hit the daily down-limit; at midday the stock
was 36.99 yuan, down 10%. On July 10 the company disclosed a 1H 2026 profit
forecast of 450–560 mln yuan in net profit attributable to shareholders, up
776.68–990.98% YoY. Market participants said LiPF6 (lithium hexafluorophosphate)
prices softened in Q2 while upstream lithium carbonate rose, squeezing margins
and reducing per-ton profits. After a prior sharp share rally the company
clarified semiconductor-grade hydrofluoric acid represents a negligible share of
sales and it has no production line, products or substantive orders for tungsten
hexafluoride, so short-term delivery is unlikely. Duofuduo said the industry has
seasonal Q2 weakness in prices and shipments, lithium carbonate increases have
an impact, and the company may raise product prices to offset higher
raw-material costs. Third-party quotes put LiPF6 near 100,000 yuan/ton.
Company-specific details will be disclosed in the formal interim report.
