30
Aug
06:05
Gotion High-tech's H1 gross margins down despite record operating income
Shenzhen-listed leading electric vehicle power battery company Gotion High-tech released its first half-year report for 2022. According to this report, during H1 2022, its operating income reached CNY 8.64 billion ($1.25 billion), an on-year increase of 143.24%, while several of its gross margins had on-year declines.
During H1 2022, Gotion High-tech's gross margins in mainland China and overseas markets reached 13.11% and 27.77%, on-year decl…
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