Guoxuan High-Tech Reports Double-Digit Growth in Revenue and Profit for H1 2024

Published: Aug 30, 2024 13:46

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【Guoxuan High-Tech Achieves Double Growth in Revenue and Profit in the First Half of the Year】On August 28, Guoxuan High-Tech released its semi-annual report for 2024. The report shows that Guoxuan High-Tech generated operating revenue of RMB 16.794 billion in the first half of 2024, marking a year-on-year increase of 10.2%; net profit reached RMB 271 million, up 29.69% year-on-year; and non-recurring net profit amounted to RMB 49.0612 million, a year-on-year growth of 38.71%. Guoxuan High-Tech's business is mainly divided into power battery systems and energy storage battery systems, accounting for 69.67% and 25.84% of total revenue, respectively.

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