From oil to batteries, Chinese energy companies flag first-half windfalls
Energy
After war pushed up crude prices, CITIC Resources and US-blacklisted Eve Energy see profits doubling
Eve Energy, a Shenzhen-listed lithium-ion battery manufacturer, has announced that its net profit for the half year will likely be up by 95% to 110% from the previous year. © AP
TOKYO — Chinese energy companies have begun tallying up their gains in the first half of the year, delivering bright early profit guidance after the war in the Middle East pushed up oil prices.
