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Home / Metal News / Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Sep 15, 2017 15:14

Source:SMM

Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

SHANGHAI, Sept. 15 (SMM) – Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

China Refined Lead Supply to Fall in 2017, SMM Foresees, Supporting Price in 2H 2017

Net profits grew on a yearly basis in 2017, but consumption tax, ranging from 20-60%, squeezed profits at domestic producers.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

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