Gotion High-tech Co Ltd Class A

002074: XSHE (CHN)
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Gotion Earnings: Revenue in Line; Margin Pressure and Noncash Items Drove Loss

Despite strong revenue growth, Gotion’s third-quarter gross margin contracted 230 basis points from a year ago, reflecting ongoing battery pricing pressure amid intense competition. In addition, inventory provisions and fair value losses contributed to a quarterly net loss.

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