Tianhua New Energy: Net profit in the first quarter increased by 27,517.53% to 32,120.45% year-on-year

People’s Financial News, April 8 — Tianhua New Energy (300390) disclosed its earnings forecast on April 8, estimating a net profit of 900 million to 1.05 billion yuan in the first quarter, a year-on-year increase of 27,517.53% to 32,120.45%. During the reporting period, driven by the growth in downstream demand for energy storage and power batteries, the company’s lithium battery material business saw a significant increase in profits.

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