Foreword: The world is so magical, obviously they are all doing the same thing, but some people just make money, and some people lose money! In the past, Honeycomb Energy was established for four years with a huge loss of 43300 million yuan, and then Funeng Technology lost 4 billion yuan in four years after it was listed, while CATL and Fodi Battery made a lot of money.
Can third-line power battery manufacturers still have a market? When will it be profitable!
On February 23, Funeng Technology released the latest performance report, and the total revenue of Funeng Technology in 2023 will be 1647.2 billion yuan, a year-on-year increase of 4214%；The net loss attributable to the parent was 177.4 billion yuan, with a net loss of 16 after deducting non-profits6.4 billion yuan, and the loss further expanded
After Funeng Technology was listed on the Science and Technology Innovation Board in 2020, it has lost money for the fourth consecutive year, with a cumulative loss of about 4 billion yuan
There are three main reasons for the loss, the first point is that after hoarding goods, I found that the price of the goods I bought had been reduced! Loss 514.8 billion yuan; Second, the procurement cost of the joint venture is high; The third point is the investment of ECARX Technology and Jingneng**Stock Price**, with a total loss of 25.1 billion yuan.
Initiatives to improve the company's operating performance in 2023
We have eliminated many core personnel, rehired talents, actively reduced costs and increased efficiency, explored overseas markets, and established a pure electric platform project with Mahindra Group, the second largest group in India, and reached cooperation with an international leading EVTOL manufacturer and delivered products.
According to data from SNE Research, a South Korean research institution, Funeng Technology's global power battery market (excluding China) in 2023 ranks seventh in the world. However, the loading volume of the Chinese market is not as good as that of Honeycomb Energy, LG New Energy and Sunwoda!
According to the latest performance forecast released by CATL, the net profit in 2023 is expected to exceed 40 billion yuan for the first time!
In addition, CATL and Fodi Battery can also share R&D and production costs evenly by virtue of their large-scale advantages, so they have a strong cost advantage. And because of the high profit margin, the investment in research and development is greater, and the relative battery will be better, which is the main reason why users need to pick battery manufacturers in addition to cars.