In "Earnings Surprise," CNGR forecasts a 72%-92% increase in first-quarter profits
CNGR (02579.HK) issued a profit warning, expecting a profit of between RMB 530 million and RMB 590 million in the first quarter, an increase of 72.3%-91.8% compared to the same period last year. This is mainly attributed to the rapid development of the global new energy market and the company's leading position in the battery materials sector, with total sales of nickel-based, cobalt-based, phosphorus-based, and sodium-based battery materials products reaching nearly 130,000 tons
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