Ningde era first quarter net profit 742 million yuan down 29% year-on-year

SMM4, 28 April: on April 28, Ningde Times announced that in the first quarter of 2020, operating income was 9.031 billion yuan, down 9.53% from the same period last year, and net profit was 742 million yuan, down 29.14% from the same period last year.

Ningde Times said that due to the impact of the new coronavirus pneumonia epidemic and the impact of the market, the number of new energy vehicles installed fell sharply, leading to the company's power battery sales fell in the first quarter.

At present, there is a certain degree of uncertainty in the macro economy at home and abroad. Since 2020, the epidemic situation of new coronavirus pneumonia has also had a great impact on the whole ball economy and the production and sales of new energy vehicles. If the future epidemic continues to spread globally and macroeconomic and consumer willingness to spend decline, it will affect the development of the entire new energy and power battery industry, which will have a negative impact on the company's business performance and financial situation.

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