Core Viewpoint - The company plans to implement a production halt at its subsidiary, Kexin Juli New Energy Co., Ltd., due to intensified competition and market price volatility in the energy storage industry, aiming to improve its financial performance and align with its strategic direction [1] Industry Summary - The energy storage industry is experiencing increased competition and significant price fluctuations, disrupting the supply-demand balance [1] - Companies in the industry are compelled to lower prices to manage excess capacity, impacting their operational efficiency [1] Company Summary - Kexin Juli's production line has not achieved expected scale effects due to market conditions, leading to unsatisfactory operational performance [1] - The decision to halt production is part of a strategy to reduce operational costs and focus on high-value, integrated energy storage products, shifting to a more cost-effective external sourcing model for basic components [1] - The company will ensure compliance with legal requirements for employee arrangements during the production halt and will seek external cooperation opportunities to maximize asset value [1] - The production halt is expected to lower operational costs and prevent further losses, with no significant impact anticipated on the overall business development and operations of the company [1]
科信技术(300565.SZ):控股子公司科信聚力停产