On October 22, Yongxing Materials announced that its operating revenue for the third quarter was Yuan 2.620 billion, up 41.36% year on year, and its net profit reached Yuan 419 million, up 220.65% YoY. For the first three quarters, operating revenue stood at Yuan 7.703 billion, up 38.87% YoY, and net profit was Yuan 1.378 billion, up 159.26% YoY. The earnings growth was mainly attributable to the increase in lithium carbonate prices during the reporting period.
Note: The Companyss Q3 net profit was Yuan 419 million, compared with Yuan 470 million in Q2. On this basis, Q3 net profit decreased by 10% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
