Guoxuan Hi-Tech: net profit decreased-91.32% Mel 88.76% compared with the same period last year.

Published: Jul 17, 2020 09:45

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SMM7 March 17: recently, Guoxuan Hi-Tech Co., Ltd. announced the semi-annual performance notice of 2020. During the reporting period, the net profit attributed to shareholders of listed companies decreased by-91.32%, with a profit of 30.5 million yuan to 39.5 million yuan, compared with the same period last year.

The main reason for the change in performance: during the reporting period, the company's demand for power batteries declined due to the impact of the new crown epidemic and lower-than-expected market sales. During the reporting period, the production and operation of downstream customers recovered slowly, and the company's production orders and product shipments declined to a certain extent; at the same time, the new production capacity of domestic power battery manufacturers was gradually released, the market demand was lower than expected, and the competition became increasingly fierce. the company's net profit decreased significantly compared with the same period last year.

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