Gotion High-tech Co Ltd Class A
002074: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KJC | LOCK|SDl | LOCK|v?d$CF |
Gotion Earnings: Revenue Missed on Weak Battery Price; Higher Margin and Subsidy Led to Profit Beat
Despite a higher electric vehicle battery shipment, Gotion's gross margin lost 2 percentage points in the third quarter compared with last year, indicating battery pricing pressure amid prolonged lithium price weakness and industry competition, in our view.
