China Graphite Group Limited provided consolidated earnings guidance for the six months ended June 30, 2023. For the period, the group is expected to record a net loss of not more than RMB 4.0 million for first half of 2023 as compared to the net profit of approximately RMB 13.2 million for the six months ended 30 June 2022. The Board believes that the above was primarily attributable to the competition in the automobile markets, the slowdown of growth of the lithium-ion battery industry in 1H 2023 as compared to the rapid growth of the same in first half of 2022; and the strategy of its downstream customers to digest their inventory backlogs in the PRC, leading to the relative decrease in market demand and price for graphite products in first half of 2023.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.49 HKD | +1.03% | -2.00% | -2.00% |
Apr. 08 | Malaysia's Graphjet Technology to set up graphite facility in Nevada | RE |
Mar. 28 | China Graphite Group Limited Announces Not Recommends Final Dividend for the Year Ended December 31, 2023 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-2.00% | 100M | |
+27.84% | 85.07B | |
+15.74% | 70.78B | |
-.--% | 28.7B | |
+52.72% | 10.09B | |
+11.92% | 9.13B | |
+14.23% | 8.54B | |
+0.20% | 7.5B | |
+28.80% | 6.04B | |
-41.90% | 5.41B |
- Stock Market
- Equities
- 2237 Stock
- News China Graphite Group Limited
- China Graphite Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2023