share_log

芳源股份(688148.SH):上半年净亏损6619.41万元

Fangyuan Corporation (688148.SH): The net loss for the first half of the year was 66.1941 million yuan.

Gelonghui Finance ·  Aug 28, 2024 06:37

On August 28, Gelonghui reported that Fangyuan Stock (688148.SH) released its semi-annual report. The company achieved revenue of 1.04 billion yuan in the first half of 2024, a year-on-year decrease of 27.12%, and a net loss of 66.1941 million yuan attributable to the shareholders of the listed company. The revenue declined year-on-year and the overall remained in a loss state. The main reasons are: the continuous impact of the decline in the prices of nickel, cobalt, and lithium metals, the slowdown in downstream demand and active destocking, and the enactment of restrictive trade policy bills. During the reporting period, the sales volume and prices of some products, such as ternary precursors, decreased year-on-year. In addition, factors such as low capacity utilization of fundraising projects and relatively high unit costs of certain products affected profitability. These factors led to a year-on-year decrease in the company's overall gross margin. At the same time, the interest expense of convertible bonds in this period led to a 15 million yuan increase in financial expenses compared to the same period last year. Additionally, the fluctuation in metal prices resulted in a provision for inventory impairment loss of 26.9747 million yuan in this period.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment