Gotion High-Tech Expects 157%-253% Increase in Net Profit for 2023

Gotion High-Tech: Net Profit expected to increase by 157%-253% in 2023

Gotion High-Tech announced that it expects its net profit attributable to the parent company to be between 800 million and 1.1 billion yuan in 2023, an increase of 157% to 253% year-on-year. During the reporting period, the company's lithium battery business experienced high-speed development due to the rapid growth of the new energy industry and strong demand in the power and energy storage lithium battery market. In 2023, the company's overseas business has shown initial results, its market development capabilities have further improved, and its energy storage business delivery capabilities have been enhanced, resulting in good returns. The company's supply chain layout has begun to take shape, and raw material costs have further decreased.