Xiamen Tungsten New Energy Co., Ltd. (688778.SH) released its semi-annual performance report for 2024, during the reporting period the company achieved revenue...
According to the financial report for the first half of 2024 released by Xiamen Tungsten New Energy Co., Ltd. (688778.SH), the company's revenue was around 6.3 billion yuan, a decrease of 22.43% year-on-year, and the net income attributable to the owner of the parent company was around 0.239 billion yuan, a decrease of 6.12% year-on-year.
During the reporting period, with the recovery of the 3C consumer market, the sales volume of the company's lithium cobaltate products was 0.0184 million tons, a year-on-year increase of 29.98%, and the market share further increased, maintaining the leading position in the industry. The demand for three-element materials is weak and the competition is fierce. The company actively explores the market demand and achieved a year-on-year increase of 108.59% in the sales volume of three-element materials, which was 0.0263 million tons.