Xiamen Tungsten New Energy's ternary material sales volume to drop by 20% in 2023

According to the report, Xiamen Tungsten New Energy's total operating revenue in 2023 was 17.229 billion yuan, a year-on-year decrease of 40.08%; net profit attributable to the parent company was 531 million yuan, a year-on-year decrease of 52.64%. During the same period, the company's sales volume of power battery ternary materials was 37,000 tons, a year-on-year decrease of 20.27%.