11
Apr
07:44
Sunwoda posts record-high net profit, 8.2% revenue decline
Shenzhen-listed battery manufacturer Sunwoda posted on Thursday a record-high net profit in 2023, despite lower revenues.
According to its financial results report, net profit reached CNY 1.08 billion ($149 million), with a modest 0.77% on-year increase. Revenues dropped 8.2% to around CNY 47.9 billion.
This is the first annual revenue decline since Sunwoda’s listing in 2011, which the company mainly attributed to the impact of plummeting upstream raw mat…
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Anonymous
Very good overview of the weekly steel market.
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