On October 28, Shanshan Co., Ltd. announced that in the first three quarters it achieved operating revenue of Yuan 19.348 billion, up 30.65% year on year, and net profit attributable to shareholders of the listed company of Yuan 1.251 billion, up 341.04% YoY. In Q3, operating revenue reached Yuan 7.218 billion, up 45.80% YoY, and net profit attributable to shareholders of the listed company was Yuan 428 million, up 461.44% YoY.
The profit growth was mainly attributable to the company's efforts during the reporting period to seize the high-growth opportunities in the lithium battery industry and the steady development momentum of the display industry, achieving sales growth in anode materials and product mix optimization in polarizing films, coupled with refined cost control, which drove a significant year-on-year increase in net profit.
Note: The company's Q3 net profit was Yuan 428 million, and Q2 net profit was Yuan 491 million. Based on this calculation, Q3 net profit declined 12% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
