Dangsheng Technology's lithium battery material revenue will drop sharply in 2023

In 2023, Dangsheng Technology's lithium battery material revenue reached 14.61 billion yuan, a sharp year-on-year decrease of 26.3%. Among them, multi-materials dominated, accounting for 94.8% of total revenue, while lithium cobalt oxide and lithium iron phosphate accounted for 4.3% and 2% respectively. Although the new capacity of multi-materials was nearly 30,000 tons, the output fell by about 8,000 tons, resulting in a capacity utilization rate of 71%.