29
Apr
07:40
Beijing Easpring Material Technology's Q1 net profit down 74%
Chinese cathode leader Beijing Easpring Material Technology saw its first-quarter net profit drop 74.4% year-on-year to about CNY 110 million ($15 million), Kallanish learns.
The single-quarter net profit figure is the lowest for the company since 2021. Meanwhile, the company’s operating income also fell significantly, by 67.7%, to CNY 1.52 billion.
The performance was attributed to intensified competition in domestic and international markets, a…
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Anonymous
Very good overview of the weekly steel market.
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