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There Are Some Holes In GSP Automotive Group WenzhouLtd's (SHSE:605088) Solid Earnings Release
Third Quarter Report 2024
GSP Automotive Group Wenzhou (605088.SH) released its performance for the first three quarters, with a net income of 0.221 billion yuan, a year-on-year increase of 2.13%.
GSP Automotive Group Wenzhou (605088.SH) released the third quarter report for 2024, with revenue of 28...
gsp automotive group wenzhou (605088.SH): The net income in the first three quarters was 0.221 billion yuan, a year-on-year increase of 2.13%.
GSP Automotive Group Wenzhou announced on October 24th that the company's revenue for the first three quarters was 2.889 billion yuan, a year-on-year increase of 26.38%; the net income attributable to shareholders of the listed company was 0.221 billion yuan, a year-on-year increase of 2.13%; the net income attributable to shareholders of the listed company excluding non-recurring gains and losses was 0.204 billion yuan, a year-on-year increase of 3.47%; and the basic earnings per share was 1.29 yuan.
Insiders the Biggest Winners as GSP Automotive Group Wenzhou Co.,Ltd.'s (SHSE:605088) Market Cap Rises to CN¥3.4b
GSP Automotive Group Wenzhou (605088.SH): already has technical reserves in quasi-solid-state ternary lithium battery technology.
On September 18th, GSP Automotive Group Wenzhou (605088.SH) stated on the investor interaction platform that Zhejiang GSP Dongchi Energy Technology Co., Ltd.'s main product is a semi-solid-state lithium iron phosphate battery with a capacity of 100-314Ah. The company chose the polymer technology route based on the performance and demand of solid-state batteries, primarily considering cost, ease of process manufacturing, and performance indicators. From a cost perspective, the cost of polymers is significantly lower compared to oxides and sulfides. In terms of ease of process manufacturing, polymer-based solid-state electrolyte membranes are easy to film and have high stability.
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