Hunan Yuneng released its semi-annual report, with both revenue and net profit declining

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Hunan Yuneng released its semi-annual report for the first half of 2024. The report showed that due to the decline in the price of its main product, lithium iron phosphate, the company's operating income was 10.782 billion yuan, a year-on-year decrease of 53.48%. At the same time, the net profit was 389 million yuan, a year-on-year decrease of 68.57%. Despite the pressure on performance, Hunan Yuneng, as a leading company in the lithium iron phosphate industry, remains firmly in the industry. During the reporting period, the company's shipments of phosphate cathode materials were 309,400 tons, a year-on-year increase of 43.3%.