CLOU Electronics releases 2023 annual report, energy storage system delivery reaches 1.3GWh

KeLu Electronics released its 2023 annual report on March 21. The report showed that the company completed the delivery of approximately 1.3GWh of energy storage systems during the reporting period and achieved operating income of 4.2 billion yuan, an increase of 18.68% year-on-year. Although the net profit attributable to shareholders of the listed company was -529 million yuan, a year-on-year decrease of 422.03%, the net profit after deducting non-recurring gains and losses was -362 million yuan, a year-on-year loss reduction of 103.6 million yuan. The energy storage business achieved revenue of 1.435 billion yuan, a year-on-year increase of 106.73%, accounting for 34.16% of total revenue, becoming the company's fastest growing business.