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This is expected to expand Shanshan's capacity in producing high-end lithium-ion battery materials and strengthen its competitiveness in the new energy industry.
Shanshan’s lithium battery materials business registered an operating revenue of over 7 billion yuan for the year of 2018, up 16.06% from 2017, according to the company’s annual report released on late Wednesday.
Net profit attributable to shareholders, however, fell 21.67% to 441.16 million yuan.
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