On October 25, HSC New Energy Materials announced that its third-quarter revenue was Yuan 678 million, up 259.10% year on year. Its net profit was Yuan 313 million, up 800.58% YoY. For the first three quarters, revenue reached Yuan 1.470 billion, up 172.97% YoY. And its net profit was Yuan 536 million, turning from a loss to a profit YoY. The changes in performance were mainly attributable to an increase in sales volume of the company's main products and a substantial rise in selling prices.
Note: The company's Q3 net profit was Yuan 313 million, and its Q2 net profit was Yuan 126 million. Based on this, Q3 net profit increased 148% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
