Nandu Power Supply Addresses Decrease in Lithium Power Product Prices and Contract Amounts Due to Raw Material Cost Decline

Published: Jun 14, 2024 09:58

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Nandu Power Supply: The unit price of lithium power products decreases due to the decline in raw material prices, and the contract amount of energy storage projects of the same scale decreases year on year." SMM learned that on June 13th, Nandu Power Supply responded to the reason why it did not disclose information about orders and subsidies on the investor interaction platform. Nandu Power Supply stated that the company has been deeply involved in energy storage business for 30 years, and has first-mover advantages and customer resource advantages. The company also actively utilizes its own advantages and the growth of industry demand to obtain more orders. Due to the decline in raw material prices, the unit price of lithium power products has decreased, and the contract amount of projects of the same scale has decreased year on year, which has not reached the disclosure standard. Most of the government subsidies received by the company are related to daily operating activities and can be included in regular profits and losses. Please refer to the company's periodic reports for details.

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