Lingpai Technology has been making losses for a long time and plans to focus on energy storage battery and system business

Lingpai Technology has been facing losses in recent years, with net profits attributable to the parent company of -125 million yuan, -237 million yuan and -209 million yuan from 2021 to 2023 respectively. It is expected that the net profit attributable to the parent company in 2024 will be between 298 million yuan and 446 million yuan. In response to this situation, the company plans to gradually focus on energy storage batteries and system businesses. Although orders are gradually increasing, production and delivery take some time, and economies of scale have not yet been formed.