On September 9, 2026, Dawe Shares (002213) reported first-half revenue of 666 million yuan and a net profit of 23.71 million yuan, marking a turnaround driven primarily by margin expansion in its semiconductor storage division, which saw its gross margin rise 9.68 percentage points to 10.99%. The company also disclosed that operating cash flow deteriorated to negative 298 million yuan year-on-year, accompanied by a sharp decline in inventory turnover that underscores persistent working capital constraints.
In parallel with its financial disclosure, Dawe confirmed that both the extraction blueprint and ecological restoration plan for its Chenzhou lithium mine have successfully passed independent expert evaluation. Regulatory authorities will now evaluate the formal mining rights application, a permitting milestone that would solidify the company’s pivot toward a combined semiconductor and new-energy minerals portfolio. Successful licensing could incrementally bolster domestic lithium feedstock availability while testing whether improved operational margins can eventually offset near-term liquidity pressures.