Demand for new energy vehicles rises as China Baoan's first-half net profit surges more than fourfold year-on-year.
2021-08-27
Demand for new energy vehicles rises as China Baoan's first-half net profit surges more than fourfold year-on-year.
China Baoan disclosed its semi-annual report, revealing that the company achieved operating revenue of 8.021 billion yuan in the first half of 2021, representing a year-on-year increase of 101.73%. Net profit attributable to shareholders reached 680 million yuan, up 402.95% from the same period last year. On August 24, China Baoan released its semi-annual report, highlighting that the company’s operating revenue for the first half of 2021 was 8.021 billion yuan, a significant 101.73% rise compared to the previous year. Net profit attributable to shareholders stood at 680 million yuan, marking a robust 402.95% growth over the same period last year, with basic earnings per share coming in at 0.26 yuan.
Looking at business segments, the high-tech industry achieved sales revenue of 4.896 billion yuan during the reporting period, representing a year-on-year increase of 126.26%. Total profits reached 959 million yuan, up 270.33% from the previous year. Notably, thanks to rising market demand in the new energy vehicle sector, Betray, an enterprise listed on the New Third Board under the group and boasting a complete industrial chain for lithium-ion battery anode materials, reported a net profit of 730 million yuan during the period—up 232.45% year-on-year.
In the biopharmaceutical sector, sales revenue for the reporting period reached 1.9 billion yuan, representing a year-on-year increase of 59.57%; total profit amounted to 307 million yuan, up 8.52% compared to the same period last year.
In the real estate sector, sales revenue for the reporting period reached 1.051 billion yuan, representing a year-on-year increase of 138.41%; however, total profit fell by 36.25% to 125 million yuan compared to the same period last year.
As of today's close, China Baoan rose 6.7%, trading at 28.84 yuan. The stock has accumulated a gain of over 283% year-to-date.
Translated from Sina Auto
Demand for new energy vehicles rises as China Baoan's first-half net profit surges more than fourfold year-on-year.
2021-08-27
Demand for new energy vehicles rises as China Baoan's first-half net profit surges more than fourfold year-on-year.
China Baoan disclosed its semi-annual report, revealing that the company achieved operating revenue of 8.021 billion yuan in the first half of 2021, representing a year-on-year increase of 101.73%. Net profit attributable to shareholders reached 680 million yuan, up 402.95% from the same period last year. On August 24, China Baoan released its semi-annual report, highlighting that the company’s operating revenue for the first half of 2021 was 8.021 billion yuan, a significant 101.73% rise compared to the previous year. Net profit attributable to shareholders stood at 680 million yuan, marking a robust 402.95% growth over the same period last year, with basic earnings per share coming in at 0.26 yuan.
Looking at business segments, the high-tech industry achieved sales revenue of 4.896 billion yuan during the reporting period, representing a year-on-year increase of 126.26%. Total profits reached 959 million yuan, up 270.33% from the previous year. Notably, thanks to rising market demand in the new energy vehicle sector, Betray, an enterprise listed on the New Third Board under the group and boasting a complete industrial chain for lithium-ion battery anode materials, reported a net profit of 730 million yuan during the period—up 232.45% year-on-year.
In the biopharmaceutical sector, sales revenue for the reporting period reached 1.9 billion yuan, representing a year-on-year increase of 59.57%; total profit amounted to 307 million yuan, up 8.52% compared to the same period last year.
In the real estate sector, sales revenue for the reporting period reached 1.051 billion yuan, representing a year-on-year increase of 138.41%; however, total profit fell by 36.25% to 125 million yuan compared to the same period last year.
As of today's close, China Baoan rose 6.7%, trading at 28.84 yuan. The stock has accumulated a gain of over 283% year-to-date.
Translated from Sina Auto
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