3 stories mentioning SHE:002074Updated 39d ago
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Gotion High-tech (SHE:002074) posted first-quarter attributable net profit of 21.1 million yuan, down 79% from 100.6 million yuan the previous year.Earnings per share declined to 0.01 yuan from 0.06 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 29% year over year to 11.7 billion yuan from 9.06 billion yuan.Shares of the battery maker were down 3% in recent trade.
Gotion High-tech (SHE:002074) posted 2025 attributable net profit of 2.38 billion yuan, up 97% from 1.21 billion yuan the previous year.Earnings per share rose to 1.32 yuan from 0.68 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 27% year over year to 45.1 billion yuan from 35.4 billion yuan.Shares of the battery maker were down 3% in recent trade.
Gotion High-tech (SHE:002074) said the world is shifting its focus on green energy as the war in Iran made disruptions on the global oil supply, Bloomberg News reported Thursday, citing its founder and chairman.Chairman Li Zhen told Bloomberg Television in an interview that the world is "placing more emphasis" on new energy, such as solar and wind, with cost improvements in batteries enabling governments to become more self-sufficient and not reliant on fossil fuel "from a few countries", the media outlet said.Li predicted that the demand for energy storage systems will jump five times higher than electric vehicles as artificial intelligence becomes more rampant in the long run, giving more opportunities for the battery maker's expansion, Bloomberg said.Data from the China Passenger Car Association showed a doubling of China's electric and hybrid vehicle exports, showing industries and consumers looking for energy supply alternatives, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
