Nabaichuan's battery liquid cooling plate business growth is limited, but its energy storage sector performs well

Nabaichuan's growth in the field of power battery liquid cooling plates is limited, mainly due to the fact that Li Auto's new products do not adopt its solution. In addition, the increase in the proportion of lithium iron phosphate installed capacity has led to a decrease in the demand for multi-chip bicycles. In the field of energy storage, the company's revenue increased significantly, reaching 114 million yuan, a year-on-year increase of 213.8%, but the gross profit margin was only 10.26%.