Ruipu Lanjun's power battery business revenue fell 7.2%, and gross profit margin turned negative

In 2023, Ruipu Lanjun's power battery business revenue was 4.31 billion yuan, a year-on-year decrease of 7.2%. Worse, the gross profit margin of this business has turned negative, at -3.1%. The average selling price of power batteries is 0.83 yuan/Wh, including modules and PACK.