Xinzhoubang's net profit fell by nearly 20% in the first half of the year

Xinzhoubang recently released its 2024 interim report, showing that its total operating income in the first half of the year was 3.582 billion yuan, a year-on-year increase of 4.35%, while its net profit attributable to the parent company fell by 19.54% year-on-year to 416 million yuan. Xinzhoubang is a manufacturer of four major product series: battery chemicals, organic fluorine chemicals, capacitor chemicals, and semiconductor chemicals. Among them, the main product of the battery chemical series is lithium-ion battery electrolyte, and its current electrolyte production capacity ranks second in the country. However, as the electrolyte industry has entered a stage of structural oversupply and intensified competition, Xinzhoubang's performance has been affected. In order to cope with fierce market competition, Xinzhoubang is actively expanding overseas markets and customers.