Xiamen Haichen Energy Storage Technology Co., Ltd.'s profitability has undergone a significant transformation

The company's gross profit in 2022, 2023 and 2024 was RMB 410 million, RMB 1.238 billion and RMB 2.309 billion respectively, achieving a significant increase; the gross profit margin increased from 11.3% in 2022 to 12.1% in 2023, and further increased to 17.9% in 2024. Compared with the net losses of RMB 1.777 billion and RMB 1.975 billion in 2022 and 2023, the company has achieved profitability in 2024, with a net profit of RMB 288 million in 2024;