Obviously nobody on E25 likes the truth. Amazing how some E25 shareholders don't want the truth published.
Are manganese battery materials EMM profitable? Hardly, Southern Manganese China's largest Mn player hardly made a profit (22.06 million HKD) Thats only US$2.8 million profit on 4.228 BILLION HKD sales. (US$540 MILLION)
"Southern Manganese (01091) is the largest manganese manufacturer in China. The company's manganese products are widely used in the production of new energy battery materials. In the first half of this year, the company achieved operating income of 4.228 billion Hong Kong dollars, a year-on-year increase of 99.15%. The net profit attributable to the parent company was 22.06 million Hong Kong dollars."
Translated from Chinese
E25 Price at posting:
$1.47 Sentiment: Sell Disclosure: Not Held
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