Guangzhou Tinci Materials Technology: 2024 profit plunged 74% on lower lithium material prices, but global expansion and R&D continued

About this update from Guangzhou Tinci Materials Technology Co., Ltd

2024 revenue fell 18.74% to ¥12.52 billion and net profit dropped 74.40% to ¥484 million, mainly due to lower lithium battery material prices and intense competition. The company expanded global capacity, increased R&D, and proposed a ¥1 per 10 shares cash dividend.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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