Hunan Yuneng's lithium iron phosphate cathode material gross profit margin declines

In 2023, Hunan Yuneng's lithium iron phosphate cathode material revenue was 41.106 billion yuan, accounting for more than 99% of the total revenue, but the gross profit margin dropped to 7.3%. In the first quarter of 2024, the gross profit margin improved slightly. The company's subsidiaries can also make profits, but the profit margin has dropped significantly.