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16 Jan
08:37

CNGR estimates over 60% increase in its 2022 net profit

Shenzhen-listed CNGR Advanced Materials estimates its 2022 net profit to be about CNY 1.51-1.57 billion ($224.4-233.3 million), an on-year increase of roughly 60.82-67.21%, Kallanish learns.   The performance reflects the significant increase in demand in the new energy industry and enhancements in the supply chain. “During 2022, the production capacity has been continuously released, management was improved to reduce costs and increase efficienc…
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