BTR's performance declined in 2023, and its negative electrode market share ranked first in the world

In 2023, BTR achieved revenue of 25.119 billion yuan, a year-on-year decrease of 2.18%; net profit attributable to the parent company was 1.654 billion yuan, a year-on-year decrease of 28.42%. The company's main business is lithium battery negative electrode materials and positive electrode materials, and its customers include CATL, BYD, etc. According to Xinluo Consulting data, in 2023, BTR's global negative electrode material market share was 22%, and its shipments ranked first in the world.