SMM9 March 2: recently, Shandong Shengyang Power supply Co., Ltd. released its semi-annual report for 2020. During the reporting period, the operating income of Shengyang shares in the first half of the year was 698 million yuan, up 21.66% from the same period last year, and the net profit belonging to shareholders of listed companies was 16 million yuan, up 11.87% from the same period last year. The main reason is that during the reporting period, due to the decrease in market demand due to novel coronavirus's epidemic situation, the company's operating income decreased; at the same time, due to stable prices of major raw materials, higher exchange rate, strengthening accounts receivable management and inventory management, strengthening cost control and other factors, the company's net profit increased year-on-year.
At present, the company's main products include lithium-ion batteries and systems, lead-acid batteries and systems, lead-carbon batteries, pure lead batteries, new energy system integration products and services, etc.
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