Defang Nanomaterials Reports 115,500 Tons Output, 105,800 Tons Sales in 2024H1, but Suffers Net Loss of 516 Million Yuan Amid Lithium Price Decline and Market Competition

Publicado: Aug 29, 2024 22:42
【LFP: Defang Nanomaterials' 2024H1 Output Reaches 115,500 Tons with Sales of 105,800 Tons, Incurring a Loss of 516 Million Yuan】On the evening of August 29, 2024, Defang Nanomaterials released its semi-annual performance report. In the first half of 2024, the production of the company's main product, phosphate-based cathode materials, reached 115,500 tons, representing a year-on-year increase of 31.23%. Sales volume amounted to 105,800 tons, up 13.28% year-on-year, generating a revenue of 4.341 billion yuan. However, the net profit attributable to shareholders of the listed company was -516 million yuan. Due to a significant year-on-year decline in the price of lithium, the main raw material, and intensified market competition, the company's product prices fell accordingly, affecting gross profit margins and leading to overall performance pressure. As a result, the company incurred a net loss of 516 million yuan in the first half of 2024.

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