China Graphite Group Limited (the "Company") announced its interim performance on June 30, 2024, with total revenue of approximately RMB 36.4 million for the reporting period, a year-on-year decrease of 22.8%. Among them, revenue from spherical graphite and by-products was approximately RMB 10.2 million, while revenue from sales of flake graphite concentrate was approximately RMB 25.1 million. The gross profit was approximately RMB 2.9 million, with a gross margin of 8.0%, compared to 35.8% in the same period last year. The Group recorded a net loss of approximately RMB 16.2 million during the period, compared to a net loss of approximately RMB 3.3 million in the same period last year. In the face of fierce competition in the new energy automobile industry and challenges in the market environment...Show More

China Graphite Group Limited (the "Company") announced its interim performance on June 30, 2024, with total revenue of approximately RMB 36.4 million for the reporting period, a year-on-year decrease of 22.8%. Among them, revenue from spherical graphite and by-products was approximately RMB 10.2 million, while revenue from sales of flake graphite concentrate was approximately RMB 25.1 million. The gross profit was approximately RMB 2.9 million, with a gross margin of 8.0%, compared to 35.8% in the same period last year. The Group recorded a net loss of approximately RMB 16.2 million during the period, compared to a net loss of approximately RMB 3.3 million in the same period last year. In the face of fierce competition in the new energy automobile industry and challenges in the market environment, the Group actively adjusted its operational strategy and continued to promote cost reduction and efficiency improvement. In addition, the Group acquired mining rights for the Beishan mine in 2019 and plans to apply to the government to increase the graphite mining volume to ensure future development. During the reporting period, the Group did not distribute interim dividends.