According to the Zhitong Finance App, Enshi Electric Vehicle New Materials (06128) released its 2021 results, with revenue of HK$391 million, up 0.6% year on year; parent company owners should account for a loss of HK$53,546 million, a decrease of 41.6% over the previous year; and a basic loss of 11 HK cents per share.

According to the announcement, gross margin decreased by about 2.5 percentage points to about 37.9%. The overall decline in gross margin was due to increased focus on the decline in gross margin in the graphene segment and landscape design division, which had relatively low gross margins during the reporting period.