China Graphite Group Ltd. (HK:2237) has released an update.
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China Graphite Group Limited anticipates a net loss of up to RMB17.5 million for the first half of 2024, a significant increase from the RMB3.3 million loss in the previous year, due to market slowdown, increased competition, and new export controls. Despite these challenges, the company remains focused on meeting the ‘dual carbon’ policy requirements and improving operations to benefit shareholders. The final financial results for 1H 2024 will be published by the end of August 2024.
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