GEM Forecasts Up to 70% Rise in 2025 Profit

MT Newswires Live

01/30

GEM (SHE:002340) expects 2025 attributable net profit to be between 1.43 billion yuan and 1.73 billion yuan, versus 1.02 billion yuan the previous year.

The up to 40% to 70% increase was due to the recovery of key metals, the full production ramp-up of its Indonesia nickel resource project and breakthroughs in the new energy materials market, according to a Friday filing with the Shenzhen bourse.

Basic earnings per share is projected to range between 0.28 yuan and 0.34 yuan, versus 0.20 yuan in 2024.

Shares of the battery recycling company closed 4% lower Friday.

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