Financial Performance - In 2024, China Anshun Energy Group reported total revenue of 467 million RMB, a decrease of 27.6% compared to 2023 [2][3] - Gross profit for the year was 105.7 million RMB, down 28.5% year-on-year [2][3] - The company experienced a significant loss of 361.1 million RMB, an increase of 7924% from a loss of 450,000 RMB in the previous year [2][3] - The net asset value dropped to 394.8 million RMB, with a debt-to-asset ratio rising to 130.9% [2][4] Cash Flow and Assets - Cash and cash equivalents decreased to 46 million RMB, a decline of 34.6% from 703 million RMB [4] - Total assets fell to 1,409.4 million RMB, representing an 18.3% decrease from 1,725.5 million RMB [4] - The net asset value saw a significant reduction of 42.5% compared to the previous year [4] Battery Storage Business - Despite overall poor performance, the energy storage battery segment achieved revenue of 880,000 RMB, marking a 60% increase year-on-year [4][5] - Gross profit from the energy storage battery business was 370,000 RMB, up 32.1%, with a gross margin of 42% [4][5] - Increased expenses in sales and distribution, amounting to approximately 12.3 million RMB, were attributed to a rise in employee wages, promotional costs, and shipping expenses [4] Future Outlook - The company remains optimistic about the energy storage battery market, having acquired intellectual property and equipment for zinc-bromine flow batteries [5] - In 2024, partnerships were established with state-owned enterprises for the procurement of equipment related to energy storage systems, enhancing the company's market position [5] - The rapid growth in the energy storage battery sector is seen as a potential driver for future performance recovery [5]
亏损扩大7924%！中国安储能源业绩“压力山大”！