GEM's ternary precursor revenue in 2023 is 17.582 billion, with a gross profit margin of 14.6%

In 2023, GEM's ternary precursor revenue reached 17.582 billion yuan, accounting for 57.6% of its revenue, with a gross profit margin of 14.6%. In addition, the company's nickel resource revenue was 2.002 billion yuan. The cathode material revenue was affected by the fire in the Jiangsu factory. The cobalt production line was shut down for one month, sales fell by 25%, and prices fell by 50%.