Fulin Precision’s third-quarter net profit rose 358% quarter on quarter; robotic electric joints entered small-batch production
A sharp rise in revenue from lithium battery cathode materials drove earnings growth. Existing lithium iron phosphate capacity is operating at full production and selling all output, while new capacity is ramping up; the robotics business is expanding its customer base and applications through trial production of electric joints and cooperation with AgiBot.
Original source：财联社First published on Unhidea：Original source date：
Key takeaway
Fulin Precision’s current earnings growth comes mainly from lithium iron phosphate cathode materials. Its robotic electric joints have entered small-batch production, and the company is expanding applications through joint venture cooperation.
What drove third-quarter earnings growth?
The company’s third-quarter revenue was 7.275 billion yuan, up 122.38% year on year; net profit attributable to the parent was 363 million yuan, up 140.97% year on year. The report attributed the growth in earnings mainly to a sharp increase in revenue from lithium battery cathode materials.
Third-quarter net profit attributable to the parent rose approximately 358% from 79 million yuan in the second quarter. Revenue for the first three quarters was 18.323 billion yuan and net profit attributable to the parent was 645 million yuan, up 101.70% and 98.36% year on year, respectively.
What underpins growth in the lithium iron phosphate business?
The company’s subsidiary Jiangxi Shenghua continues to operate its existing 350 thousand tonnes of high-compaction-density lithium iron phosphate capacity at full production and sell all output. A newly built 350 thousand-tonne capacity project is ramping up. The company said that, as customer demand grew, overall capacity, output and installed volumes increased substantially.
Lithium iron phosphate shipments continued to rise in the first half of 2026, and sales revenue increased sharply from a year earlier. The company is also developing an integrated upstream lithium dihydrogen phosphate project and a ferrous oxalate precursor production line to secure raw material supplies and hedge against price fluctuations.
How far has the robotics business progressed?
The company integrates reducer, intelligent control and motor technologies into its electric joint products, developing both harmonic and planetary reducer platforms. The relevant products are in small-batch production, and the company is actively expanding relationships with and adapting them for multiple leading robotics customers.
In February 2026, the company established a joint venture with AgiBot and other partners: AgiBot provides humanoid robot platforms, application development and platform interface technical support, while Fulin Precision provides research, development and manufacturing of precision reducers and intelligent electric joints. The two parties hope to jointly develop applications and scale up the commercial operations of related products through this arrangement.
