Keheng shares (300340) released a semi-annual report on Wednesday evening. The company achieved operating income of 255 million yuan, up 38.03% year-on-year; net profit attributable to shareholders of listed companies was 4.10 million yuan, up 142.65% year-on-year.
Keheng Co., Ltd. said that the company's operating income and net profit both increased significantly in the current period, which turned losses into profit. The main reason was that the company's main products, lithium battery cathode materials, saw a significant increase in sales revenue through research and development and customer accumulation in the previous two years. Gross profit margin increased sharply; with the growth of the sales volume of lithium battery cathode materials, the company's profitability was significantly enhanced and its operating results improved significantly.
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