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01 Sep
06:46

CALB reports 60.8% increase in H1 net profit

Chinese leading power battery firm CALB posted a 60.8% on-year increase in its H1 net profit to CNY 266 million ($36.61m), Kallanish learns from the company’s financial results report. The operating income for the period rose 34.1% on-year to about CNY 12.30 billion. CALB’s revenue mainly came from improved sales of power batteries and energy storage system products. The company attributed the performance to the gradual release of its production capa…
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