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01 Aug
10:49

Center Power Tech posts 41% increase in H1 profit, changes investment focus

Shenzhen Center Power Tech said its first-half net profit grew 40.96% on-year to CNY 106 million ($14.79m), reflecting higher sales in battery cells and weak performance in the hydrogen field, Kallanish reports. The Shenzhen-listed company also reported operating income of about CNY 2.11 billion, which is 24% higher than H1 2022. Even though the company is emphasising strategic development in the hydrogen field, the respective sales performance was below expectati…
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