Login

What Do They Do?

Sells graphite anode materials to battery manufacturers and operates a knowledge-sharing platform in China.

How Do They Make Money?

The company sells graphite anode materials to battery makers at fixed prices, with payment terms usually within six months after delivery.

revenue
SegmentShareRevenue
Products
Sold outright

100%
FY2022: 99%
Services
0.2%
FY2022: 1.4%

Who Are Their Customers?

Battery manufacturers serving industrial and consumer energy storage, electric vehicles and ships, and smart consumer electronics place purchase orders for graphite anode materials; the company arranges delivery after receiving orders.

Customers above 10% of revenue, FY2025
of revenue from two customers (52%, 12%)
FY2024: 67% from one customer

Do Revenues Turn Into Profits?

No. It lost $16.6M in FY2025.

Operating income, FY2025
−35% of revenue
▼ −3% (Loss) vs FY2024 (−$16.6M, −26%)
Net income, FY2025
−36% of revenue
▲ +41% (Loss) vs FY2024 (−$11.8M, −18%)
Free cash flow, FY2025
−68% of revenue
▲ +304% (Loss) vs FY2024 (−$7.8M, −12%)

How Are They Changing?

Revenue over time
Products Services
$100M$50M$0

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support