Summary by Moomoo AI
China Graphite Group announced its financial results for the fiscal year 2024, with revenue decreasing by 29.5% year-on-year to RMB 0.1424 billion, gross profit dropping by 43.6% to 41.6 million, and gross margin falling from 36.5% in the previous year to 29.2%. The company turned from profit to loss, recording a net loss of 12.5 million, compared to a profit of 21.3 million the previous year. The Board of Directors does not recommend the distribution of a final dividend.From a business segment perspective, the revenue from spherical graphite and by-products significantly declined by 70.5% to 29.4 million, with sales volume decreasing by 52.0% to 3,089 tons. The flake graphite concentrate business performed relatively well, with revenue increasing by 7.5% year-on-year to 0.109 billion, and sales up by 25.0% to 45,432 tons.Show More
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