30
Aug
08:38
Gotion High-tech reports 223% increase in H1 net profit
Shenzhen-listed battery manufacturer Gotion High-tech saw an on-year surge of 223.75% in its net profit during the first half of this year to CNY 209 million, ($28.66m) Kallanish reports.
The H1 results mark the return to positive for the company’s net profit after deducting non-attribution to the parent company. It also includes an 80.19% on-year growth in operating cash flow.
Overall gross profit margin also improved. Compared with H1 2022, the gross prof…
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Very good overview of the weekly steel market.
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