SMM7: the shares of Funeng Technology (Ganzhou) Co., Ltd. (hereinafter referred to as "Funeng Technology") will be listed on the Kechuang Board of the Shanghai Stock Exchange on July 17, 2020.
Funeng Technology (Ganzhou) Co., Ltd. stock referred to as "Funeng Technology", the stock code is 688567. The company is a leading enterprise of three-yuan soft package power battery, focusing on the research, development, production and sales of new energy vehicle lithium-ion power battery and vehicle battery system.
The operating income of Funeng Technology in the first half of 2020 decreased by 71.16% to 72.75% compared with the first half of 2019, mainly due to the overall sharp decline in sales of new energy vehicles affected by the new crown epidemic, and the production and operation of issuers and major customers were affected. At the same time, the company's net profit also declined sharply, mainly due to the fact that the company's income decreased significantly, the fixed expenses, including personnel compensation and asset depreciation and amortization, were relatively stable; at the same time, some of the company's receivables and notes receivable made a certain provision for bad debts, which made the company's net profit in the first half of the year drop greatly compared with the same period last year.
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