On October 26, Easpring announced that its revenue for the third quarter was Yuan 6.980 billion, up 135.26% year on year. And net profit attributable to shareholders of the listed company reached Yuan 123 million, down 36.04% YoY.
For the first three quarters, it achieved operating revenue of Yuan 17.455 billion, up 135.90% YoY. Its net profit attributable to shareholders of the listed company was RMB 643 million, up 27.88% year on year. The change in performance was mainly due to the growth in sales volume of lithium battery cathode materials during the reporting period, combined with an increase in product selling prices in line with rising raw material market prices, resulting in a significant year-on-year increase in revenue.
Note: The company's Q3 net profit stood at Yuan 123 million, and Q2 net profit was Yuan 244 million. Based on this calculation, Q3 net profit fell 49% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
