Zhuhai Guanyu's revenue and profit both increased in the first half of 2024

Despite the poor market conditions in 2023 and the first half of this year, Zhuhai Guanyu, a lithium battery company, still handed in a "mixed" 2024 semi-annual report. The report shows that Zhuhai Guanyu achieved operating income of 5.347 billion yuan in the first half of the year, a year-on-year decrease of 2.31%; and realized a net profit attributable to the parent of 102 million yuan, a year-on-year decrease of 27.53%. However, the net profit level in the second quarter rebounded significantly, indicating that the market performance in the second half of the year is expected to pick up quickly.