Xinzhoubang's net profit in the first half of the year was 416 million yuan, down 19.54% year-on-year

Xinzhoubang disclosed its semi-annual report, and the company achieved operating income of 3.582 billion yuan in the first half of 2024, a year-on-year increase of 4.35%; net profit attributable to the parent company was 416 million yuan, a year-on-year decrease of 19.54%. In the first half of 2024, the growth rate of the new energy industry slowed down, the competition for key lithium battery materials was fierce, product prices continued to fall, and international trade frictions intensified. At the same time, the company's production projects were in the capacity ramp-up period, and operating costs increased, which had an adverse impact on the company's profitability.