Hunan Yunneng Reports 11.47% Growth in Third Quarter Operating Income, Achieving Historical Record in Lithium Iron Phosphate Sales

Recently, Hunan Yunneng introduced its operating situation for the first three quarters. In the third quarter alone, the company achieved operating income of 11.15 billion yuan, representing a growth of approximately 11.47% compared to the second quarter. The company stated that in previous years, the third quarter was the peak season for the sales of lithium iron phosphate, but this year the industry's overall demand growth in the third quarter was slightly lower than expected. However, from the company's perspective, the sales volume of lithium iron phosphate in the third quarter reached 151,500 tons, creating a historical record for single-quarter sales volume and maintaining a good production and sales ratio.

The company achieved operating income of 34.328 billion yuan in the first three quarters, a year-on-year increase of 29.44%; a total of 367,400 tons of lithium iron phosphate products were sold, representing a year-on-year increase of 75.51%, exceeding the full-year sales volume target of 323,900 tons for 2022. The company's revenue scale continues to grow, with a market share exceeding 30% and maintaining the industry's leading position.