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Penghui Energy: Net loss is expected to be 165-232 million yuan in 2024, turning from profit to loss year-on-year.

On January 23rd, Jinshi Data reported that Penghui Energy released its performance forecast for 2024, with an estimated net loss attributable to shareholders of the listed company of 165 million to 232 million yuan, compared to a profit of 43.102 million yuan in the same period last year. The performance change is mainly due to the significant decline in the price of upstream raw material lithium carbonate, the significant decrease in the unit selling price of the company’s energy storage lithium battery products, which affects revenue and gross profit; at the same time, a large amount of inventory depreciation provision and bad debt provision were made at the end of the period.

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