Dowell Technology Forecasts Net Profit of 88-132 Million Yuan for H1 2024, Boosted by Copper and Cobalt Capacity Release

Published: Jul 23, 2024 11:00

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【Dowell Technology: Estimated Net Profit of 88 to 132 Million Yuan for the First Half of 2024, Capacity Release of Copper and Cobalt Products】Dowell Technology's earnings forecast for the first half of 2024 shows that the net profit attributable to shareholders of the listed company is estimated to range from 88 million yuan to 132 million yuan. During the reporting period, the company's main copper and cobalt product capacity has been released, leading to an increase in production and the emergence of comprehensive scale benefits: cathode copper production reached 19,674 tons, representing a year-on-year increase of approximately 61%; cobalt intermediate production reached 793 tons of metal content, representing a year-on-year increase of approximately 510%. During the reporting period, the market price of metal copper continued to improve.

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