18
Jul
10:16
CNGR expects H1 2023 net profit increase 10-25%
China’s CNGR Advanced Material expects its net profit to reach CNY 730-830 million ($101.7-115.7m) in H1 2023, which is about a 10-25% on-year increase, Kallanish learns.
The Shenzhen-listed manufacturer posted net profits of CNY 660.62m in H1 2022 and CNY 1.5 billion in H2 2022.
The company said it has been continuously releasing production capacity, improving efficiency through lean management, and optimising products and customer structures.
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Anonymous
Very good overview of the weekly steel market.
Anonymous