Ningde era first quarter net profit 742 million yuan down 29% year-on-year

Published: Apr 28, 2020 08:23 (GMT+8)

Save

SMM4, 28 April: on April 28, Ningde Times announced that in the first quarter of 2020, operating income was 9.031 billion yuan, down 9.53% from the same period last year, and net profit was 742 million yuan, down 29.14% from the same period last year.

Ningde Times said that due to the impact of the new coronavirus pneumonia epidemic and the impact of the market, the number of new energy vehicles installed fell sharply, leading to the company's power battery sales fell in the first quarter.

At present, there is a certain degree of uncertainty in the macro economy at home and abroad. Since 2020, the epidemic situation of new coronavirus pneumonia has also had a great impact on the whole ball economy and the production and sales of new energy vehicles. If the future epidemic continues to spread globally and macroeconomic and consumer willingness to spend decline, it will affect the development of the entire new energy and power battery industry, which will have a negative impact on the company's business performance and financial situation.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply for entry into the SMM New Energy vehicle / Cobalt Lithium Industry Exchange Group, please scan the QR code below:

Cars batteries cobalt lithium new energy

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Oct 02, 2026 16:26 (GMT+8)

Aterian reports higher Rwanda 3T ore sales; trading margins remain estimates

[SMM Tantalum Flash] Aterian’s interim results, released on 30 September, show £1.341 million of Tantalum and other ore-sales revenue for the six months to 30 June 2026, up from £20,000 a year earlier. Gross profit was £522,000, while the group recorded a £568,000 pre-tax loss. Its Rwanda trading business deployed about US$2.18 million in working capital through joint-venture purchases. Management valued potential sales from those purchases at US$2.78 million, but cautioned that the notional valuation is not additional recognised revenue. The implied US$602,000 gross trading profit is also a management estimate, dependent on completed sales, assays, realised prices, costs and the joint venture’s profit allocation. Aterian said traceability inspections limited suppliers and volumes. It held £131,000 in cash at 30 June; its expectation of expanding trading volumes from the fourth quarter still depends on execution and funding.

Oct 02, 2026 16:26 (GMT+8)

Oct 02, 2026 16:23 (GMT+8)

Tusker’s Malawi sampling points to ilmenite dominance

[SMM Titanium Flash] Tusker Minerals reported on 30 September that follow-up sampling at its Mzimba project in northern Malawi had changed its geological interpretation. Magnetic titanium exceeded calculated rutile-equivalent in 112 of 149 regional soil samples, pointing to an ilmenite-dominant system with localised rutile. Thirty-three shallow pit-channel samples did not show high-grade rutile persisting with depth. Tusker said the results do not support an immediate rutile-focused drilling programme on the Phase 1 anomalies. The result weakens the specific premium-rutile exploration case suggested by earlier selected samples. It does not establish a mineral resource or show that ilmenite could be mined profitably. Tusker will reassess its geological model before deciding on further Mzimba work; its near-term capital and technical focus remains on Cameroon. The mineral mix and grade continuity still need to be established before the project’s feedstock potential can be assessed.

Oct 02, 2026 16:23 (GMT+8)

Oct 02, 2026 14:34 (GMT+8)

【Flash | Coherent’s PhotonLink Sets the Stage for a Commercial Indium Phosphide (InP) Ramp】

Coherent launched PhotonLink, an integrated optics platform for AI infrastructure incorporating Indium Phosphide (InP) lasers, silicon photonics, detectors and optical modules. The company disclosed more than 10 CPO engagements, over 10 NPO engagements and more than five chip-to-chip connectivity projects, with anchor customers and long-term agreements secured for both CPO and NPO. Revenue is expected to begin ramping in Q4 2026. Coherent has shipped over 300 million InP lasers and is expanding its 6-inch InP manufacturing capacity to support the ramp. The customer pipeline provides a clearer commercial demand signal for InP devices and upstream materials, although additional capacity and indium consumption were not disclosed.

Oct 02, 2026 14:34 (GMT+8)