China Graphite: Net profit for 2023 is expected to be between 19 million and 22 million yuan.
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Industry News
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2025/11/17
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China Graphite (02237.HK) announced that the Group expects to record a net profit after tax for the full year 2023 of approximately RMB 19 million to approximately RMB 22 million, representing a decrease of roughly 72.2% to 75.9% compared to the net profit after tax of approximately RMB 79 million for the year ended December 31, 2022.
Chinese graphite (02237.HK) announced that the Group expects to record a net profit after tax for the full year 2023 of approximately RMB 19 million to approximately RMB 22 million, representing a decrease of roughly 72.2% to 75.9% compared to the net profit after tax of approximately RMB 79 million for the year ended December 31, 2022.
The board of directors believes that the above-mentioned factors are primarily attributable to competition in China’s automotive market and the lithium-ion battery industry. In 2022, the market experienced rapid growth throughout the year; however, in 2023, growth slowed down considerably. Additionally, downstream customers’ strategy of digesting their inventories led to increased market competition and downward price fluctuations for graphite products throughout 2023.
In the second half of 2023, against the backdrop of the natural graphite industry entering a period of adjustment, the Group actively intensified its sales efforts while continuing to pursue cost reductions and efficiency improvements. As a result, both revenue and profit performance in the second half improved compared to the first half, and the Group shifted from reporting a loss in the first half to recording a profit in the second half. Looking ahead, given natural graphite’s characteristics of low costs and low energy consumption, which align closely with China’s “dual-carbon” policy requirements and also enable it to effectively adapt to the market trend of cost reduction in new-energy vehicles, the Group remains optimistic about the long-term development of natural graphite. We will continue to seize market opportunities, enhance operational performance, and create greater value for our shareholders.
Keywords:
Jiasheng
Carbon
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