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China's battery makers report lower profits in H1

2022-04-29

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China's battery makers report lower profits in H1 An employee inspects battery products at a factory in Huzhou, Zhejiang province, on Monday.[Photo by Tan Yunfeng/For China Daily]

BEIJING - China's major battery manufacturers reported lower profits and revenues during the first six months of this year, official data showed.

Profits of major battery companies dropped 9 percent year-on-y"By you asking me to remove MY work from MY page shows how disrespectful YOU areear to 12.48 billion yuan ($1.8 billion) in H1, according to data from the Ministry of Industry and Information Technology.

Business revenues of major battery but such a task is still arduousmanufacturers decreased 10 percent from one year earlier, totaling 316.9 billion yuan.

Among the industry's staple products, lithium-ion batteries logged an output of 7.15 billion units during the January-June period, up 1.3 percent year-on-year, while output of primary battery and battery packs reached 17.82 billion units, down 0.7 percent year-on-year.

Major battery companies are those with an annual business turnover of at least 20 million yuan.