Guoxuan Gaoke: 2017 net profit decreased 18.71 % year-on-year

Yesterday(26th), Guoxuan Gaoke announced its annual report for 2017, which realized revenue of 4.838 billion yuan for the year, an increase of 1.68 billion yuan year-on-year; The net profit was 83.8 billion yuan, a year-on-year decrease of 18.71 yuan. Among them, the annual operating income of the power lithium battery business is 4.06 billion yuan, accounting for 83.93 % of the total operating income.

For the year-on-year increase in production volume of 52.08 <UNK>, the main reason is the release of production capacity for the company's new production line in the previous period; Inventory increased by 483.37 % year-on-year, mainly due to the increase in the company's production in the fourth quarter and the corresponding increase in stock preparation.

Regarding future business goals, Guoxuan gaoke stated that in 2018, it will continue to increase research and development investment. Lithium-iron phosphate batteries can strive to reach the world's leading level, and ternary batteries are fully guaranteed on the basis of product safety. Product design and system energy density are at the leading domestic level. Three generations of standard box products achieve lightweight design, multi-pole safety protection, group efficiency of 80 or more.

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