Duofuduo's net profit down by 45% YOY in first three quarters

Duofuduo achieved operating revenue of RMB2,480 million in the first three quarters of 2017, up by 17% YOY; a net profit of RMB208 million, down by 45% YOY.Asian Metal Copyright The declined net profit was limited by lower prices for lithium battery material and lithium battery owing to changes of new energy vehicle policies and market competition.Asian Metal Copyright The company expects the annual net profit of 2017 to be RMB239-382 million, down by 20-50% YOY.Asian Metal Copyright The declined net profit was limited by lower prices for lithium battery material and lithium battery owing to changes of new energy vehicle policies and market competition.Asian Metal Copyright The declined net profit was limited by lower prices for lithium battery material and lithium battery owing to changes of new energy vehicle policies and market competition.

.Asian Metal Copyright The declined net profit was limited by lower prices for lithium battery material and lithium battery owing to changes of new energy vehicle policies and market competitionAsian Metal Copyright