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OM Group Inc. Message Board

  • dbergh1 dbergh1 Dec 6, 2007 9:25 PM Flag


    China BAK Battery Provides Business Update
    Wednesday November 28, 9:00 am ET

    The year to year reduction in gross profit and net income is due to a significant increase in the purchase cost of raw materials, especially lithium cobalt dioxide, and significantly increased depreciation charges with the completion of two new production lines, which is a major and necessary part of China BAK's continuous efforts in transitioning from the Chinese secondary market to the international OEM market.