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The net profit of Xiongtao shares increased by 81.77% in 2019 compared with the same period last year.
May 20,2020 14:31CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM: recently, Shenzhen Xiongtao Power Technology Co., Ltd. released its annual report in 2019. During the reporting period, the operating income reached 2.932 billion yuan, an increase of-0.82% over the same period last year. The net profit attributed to the owners of listed companies was 171 million yuan, an increase of 81.77% over the same period last year.

The main reason is that the company's hydrogen fuel cell investment and construction has achieved initial results in 2019 and is expected to show good profits in the fourth quarter of 2019. In terms of lithium-ion batteries, the sales and profits of the company's lithium-ion battery business have increased significantly. In the environment of Sino-US trade friction, Vietnam factories have full orders, sales and profits have increased significantly, and strive to reduce the company's product costs and provide customers with more value-added services, so as to gain more room for profit growth.

In 2019, global trade disputes escalated, the global economy was under pressure, and central banks began a wave of interest rate cuts. At the same time, the meeting of the political Bureau of the CPC Central Committee stressed that at present and for some time to come, the basic trend of China's economic stability and long-term improvement will remain unchanged, and 2020 will also be the year when China will build a moderately prosperous society in an all-round way and the 13th five-year Plan ends. In this context, the new crown virus is rampant all over the world, and it is worth looking forward to how to achieve steady economic growth.

In terms of the lead market, the newly expanded production capacity of overseas mines has been released one after another from 2019 to 2020, but the overseas epidemic has spread and some overseas mines have been put into production and mines under construction. Where will the lead concentrate go in 2020? At the same time, new expansion projects in China's recycled lead market are springing up everywhere. What is the actual output release in 2020? Whether the cost support is effective or not, the supply of waste batteries has become the focus of the future market; and under the influence of a number of policies (such as the new national standard for electric bicycles, motorcycle purchase tax exemption, etc.), whether the subsequent lead consumption matches, and what is the trend of lead prices in 2020? < / p >

In response to the above topics, SMM will invite industry celebrities, industry professionals, enterprises from the upper and lower reaches of the industrial chain to hold the "2020 (15th) lead and Zinc Summit" in Changsha to jointly discuss the current situation and problems of the industry, as well as the future development prospects, and analyze the fundamentals and the future trend of zinc prices.

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