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25 Aug
09:13

CNGR New Material reports 16.3% increase in H1 net profit

Shenzhen-listed manufacturer and leading cathode material company CNGR New Material posted H1 2023 net profit of CNY 768 million ($105.37m), an on-year increase of 16.3%, Kallanish reports.  According to CNGR, its net income in the six-month period reached CNY 17.27 billion, an on-year increase of 21.34%. “With the development of the new energy industry, the sales volume of the company’s nickel-cobalt-sodium-phosphorus multi-component lithium batt…
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