Tantech Holdings: Core Purification Business Benefits From COVID-19 [Seeking Alpha]
Tantech Holdings Ltd. - Common Shares (TANH)
US:NASDAQ Investor Relations:
tantech.cn/en/investor/annual.asp
Company Research
Source: Seeking Alpha
SummaryTANH, as a producer of charcoal purification products, has been a beneficiary of the COVID-19 pandemic.It is profitable and now has expanded its sale of charcoal products beyond China.The company has also resumed EV production, which continues to be a longer-term reason to own or follow the stock.I had written twopreviousarticles1) Increased Profitability due to COVID-19-related ProductsThe first noteworthy development is that in its bi-annual filing ending June 2020, the company showed increased profitability with the gains coming primarily from sales of its bamboo charcoal, which is used for purification and deodorization products.Despite all of the negative impacts that COVID-19 has had on trade in general, it has increased the demand for purification products globally, and this has benefited TANH's core business. Importantly, the company has seen continued improving trends in both the purification and the consumer segments of its business since the June bi-annual reporting
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TANH
Sec Filings
- 3/19/24 - Form 6-K
- 2/29/24 - Form 6-K
- TANH's page on the SEC website