18
Mar
09:50
CATL's net profit rise 43.6% in 2023, despite small quarterly drop
Chinese battery giant CATL posted a 43.6% on-year increase in its net profit in 2023, but its fourth quarter net profit experienced a decline, Kallanish reports.
Its annual report released late on Friday showed a net income for the year of CNY 44.1 billion ($6 billion). In Q4 2023, its net profit dipped 1.2% on-year to CNY 12.98 billion. The latter compared to a growth of 10.7% in the third quarter.
On Monday, its stock price was up 5.5% at the time of writing. …
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Anonymous
Very good overview of the weekly steel market.
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