SHANGHAI, Aug. 16 (SMM) – Ningbo Shanshan Corporation posted a strong earnings report in H1 2017, mainly thanks to a big boost in cathode materials business.
The company reported 3.85 billion yuan in revenues in H1, up 57.79% year-on-year, and 339.05 million yuan in net profit attributable to shareholders of listed company, up 51.49% year-on-year.
Its subsidiary company Shanshan Technology plans to build a 100,000 tonne/year Li-ion battery anode material project in Baotou, with total investment at 3.81 billion yuan.
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