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Tinci Materials' H1 Profit Expected to Soar Up to 1,020%

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Guangzhou Tinci Materials Technology (SHE:002709) expects that its net profit attributable to shareholders for the first half will soar by between 908% and 1,020% year on year to a range of 2.70 billion yuan to 3 billion yuan, according to a Shenzhen bourse filing on Friday.

The new energy material manufacturer's attributable profit a year earlier was 267.9 million yuan.

The forecast is attributed to strong demand for lithium-ion battery electrolyte and lithium hexafluorophosphate product and sales growth.

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