Guangdong Dynavolt Power Posts Surge in Net Profits in 2016

SHANGHAI, Mar. 1 (SMM) – Guangdong Dynavolt Power Technology said its operation revenues reached 2.03 billion yuan in 2016, up 269.39 percent on a yearly basis, according to its 2016 financial report released on February 28.

According to the report, net profits attributable to shareholders amounted to around 94.60 million yuan during the report period, surging by 3,298.40 percent YoY.

During the report period, the company focused on three main businesses, including high-end battery manufacturing, clean power and new energy vehicles. The company accelerated strategic transformation by investment and M&As, extended the industrial chain, explored overseas market, strengthened technology R&D and personnel reserve, and laid down a solid foundation for its development of new energy business.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

Note: Prices all above are for most-actively traded contract on the SHFE.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.