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Shengxin Lithium Energy: Report for the first quarter of 2025
Chengxin Lithium Group (002240.SZ): Net loss of 0.155 billion yuan in the first quarter.
Gelonghui, April 28 - Chengxin Lithium Group (002240.SZ) released its Q1 2025 report, during which it achieved revenue of 0.686 billion yuan, a decrease of 43.44% year-on-year; the net income attributable to shareholders of the listed company was -0.155 billion yuan, and the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was -0.201 billion yuan, with an EPS of -0.17 yuan.
Chengxin Lithium Group (002240.SZ): Currently, the company's export Business mainly focuses on the Japan and South Korea regions.
On April 21, Gelonghui reported that Chengxin Lithium Group (002240.SZ) stated on the interactive platform that according to the company's 2024 annual report, overseas revenue accounts for 18.39% of total revenue, and the company's export business is mainly focused on the Japan and South Korea regions. The company is also closely monitoring changes in international trade policies and the environment and is actively responding.
Chengxin Lithium Group (002240.SZ): has planned to establish a new capacity of 2,500 tons of Metal lithium.
On March 26, Gelonghui reported that Chengxin Lithium Group (002240.SZ) recently communicated in investor relations activities that the company is engaged in the upstream Metal lithium materials business for Solid State Batteries. The company's Metal lithium project commenced production in 2020, with a current capacity of 500 tons established. The company continues to enhance the processes, technology, and research and development of Metal lithium products, and ultra-thin, ultra-wide lithium strips have achieved mass production and supply. Additionally, the company has planned to build new capacity of 2,500 tons of Metal lithium, continuously improving its competitiveness and influence in the Metal lithium Industry.
Chengxin Lithium Group (002240.SZ): Currently, downstream demand is relatively strong, and the company's production and order situation for lithium salt products is good.
On March 26, Gelonghui reported that Chengxin Lithium Group (002240.SZ) recently stated during an investor relations activity that the company's lithium product sales are a combination of long-term agreements and spot sales, with a focus on long-term agreements. Major customers include leading companies in the Industry such as BYD, Chinachem Innovation, Xiamen Haichen, LGES, SKOn, POSCO, ALB, Hyundai Autos, Hunan Yuneng, and Shenzhen Dynanonic. Currently, downstream demand is strong, and the company's lithium salt product production and order situation are good.
Earnings Update: Here's Why Analysts Just Lifted Their Chengxin Lithium Group Co., Ltd. (SZSE:002240) Price Target To CN¥15.28