(Yicai Global) April 29 -- Guoxuan High-Tech, China's third-largest new energy vehicle battery player, said that its net profit fell by 84 percent or 85 percent to as low as CNY31 million (USD4.38 million) in the first quarter from a year earlier as the Covid-19 epidemic affected sales, according to the Hefei-based firm's earnings report released today.

Guoxuan's stock price [SHE:002074] climbed 2.25 percent to CNY22.69 (USD3.20) as of 9.25 a.m.

Editor: Emmi Laine