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31 Oct
06:12

Enjie reports a 71.05% on-year net profit increase in Q3

Shenzhen-listed battery separator company Yunnan Energy New Material (Enjie) said its Q3 net profit rose 71.05% on-year to CNY1.21 billion ($165.97 million). In its earnings conference call last week, Enjie disclosed that the higher costs in coating coverage film have slightly lowered its gross profit margin. Before finishing the construction of its US factory, the company will continue to ship semi-finished base film products to its European factory, an…
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