Ningde era: net profit in the first quarter is expected to be 733 million-838 million yuan down 20-30% from the same period last year

SMM4, March 10: the net profit attributable to shareholders of listed companies in the first quarter of 2020 was 733 million yuan to 838 million yuan, down 20 to 30 percent from the same period last year.

Ningde Times said in an announcement that in the first quarter of 2020, due to the impact of the new coronavirus pneumonia epidemic and the market impact, the company's installed capacity of new energy vehicles fell sharply, resulting in a decline in sales of power batteries in the first quarter of 2020. Net profit attributable to shareholders of listed companies fell from a year earlier.

Ningde era was founded in 2011, headquartered in Ningde, Fujian. The company specializes in the development, production and marketing of new energy vehicle power battery systems and energy storage systems, and is committed to providing solutions for new energy applications around the world.