Shulou(Shulou.com)11/24 Report--

Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com May 12 news, Desai battery in the performance briefing to answer investors 'questions, referring to Changsha Wangcheng energy storage battery phase I project current capacity and output situation, Desai battery said the project has been in April 2023 trial production, is currently in the climbing stage, output is still at a very low level.

Some investors asked, Desai battery in the first quarter of this year year-on-year profit decline is what causes? Can we maintain stable profit growth this year?

Desai Battery replied that the reasons for the decline in performance in the first quarter were mainly as follows:

Due to weak market demand, the company's sales revenue decreased by 12.53% year-on-year;

Due to the fluctuation of RMB exchange rate and the increase of the company's interest-bearing liabilities, the financial expenses increased by more than 26 million yuan;

New projects and new products such as energy storage and SIP continued to be invested, and R & D expenses and management expenses increased. In 2023, the company strives to achieve an operating income of 24.8 billion yuan.

CTOnews.com learned at the performance briefing that Desai Battery believes that the downward trend in lithium battery material prices is conducive to the increase in terminal demand, and the company's traditional consumer lithium battery power management system and packaging integration business are less affected by changes in lithium battery raw material prices. The company's lithium battery packaging and integration product capacity exceeds 350 million pieces, and the power management system related product capacity exceeds 400 million pieces.

CTOnews.com Note: Desai Battery's main business is research, development and sales of mercury-free alkaline manganese batteries, primary lithium batteries, zinc-air batteries, nickel-hydrogen batteries, lithium polymer batteries, fuel cells and other types of batteries, battery materials, accessories and equipment.

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