Huasheng Lithium Battery's performance declined, with a net profit loss of 23.9118 million yuan

Huasheng Lithium Battery recently released its 2023 financial report, which showed that the company's revenue was 525 million yuan, a year-on-year decrease of 39.09%; net profit loss was 23.9118 million yuan, compared with a profit of 261 million yuan in the same period last year. This change was mainly due to fierce market competition and a large drop in the price of the company's main products.