Tengyuan Cobalt Industry released its 2024 semi-annual performance report, with net profit increasing by 428.04% year-on-year

According to the 2024 semi-annual report released by Tengyuan Cobalt, the company achieved revenue of 3.203 billion yuan in the first half of the year, a year-on-year increase of 30.64%; net profit of 427 million yuan, a year-on-year increase of 428.04%. The company said that this was mainly due to the development and utilization of its new energy metal resources and the construction of a waste power battery recycling system.