On the evening of February 23, Funeng Technology (SH688567, stock price 13.29 yuan, market value 162400 million yuan) released its 2023 annual performance report. According to preliminary accounting data, the company's total operating income in 2023 is 1647.2 billion yuan, a year-on-year increase of 4214%, with a net loss attributable to the parent of 177.4 billion yuan, with a net loss of 16 after deducting non-profits6.4 billion yuan, and the loss further expanded.
Funeng Technology said that benefiting from the continuous growth of the domestic new energy vehicle market and the substantial growth of the company's product exports, the company's shipments increased, bringing a significant increase in operating income compared with the previous year. However, the main reasons for the further expansion of the loss are as follows:
First, the high inventory at the beginning of the period led to a squeeze on the gross profit margin, and the provision for asset impairment losses was made.
Second, bear the loss of investment. The joint venture Silk Road Energy Storage Industry (SIRO) has a high procurement of raw materials due to the weak local chain, and the expense ratio is high during the ramp-up stage of production capacity, resulting in large losses.
Third, fair value change loss 25.1 billion yuan. This is mainly due to the investee companies ECARX Technology and Zhenhua New Materials (SH688707, stock price 14.).87 yuan, market value 756.6 billion yuan) share price** caused by the fair value change loss, and the fair value change loss caused by the decline in the net value of Jingneng** 7262550,000 yuan.
Funeng Technology said that in response to the problems exposed in the company's operation process in 2023, the company has improved the management team under the leadership of the board of directors, replaced or hired the general manager and the person in charge of marketing, finance, R&D, and overseas, and formulated a series of measures with cost reduction and profit increase as the core
First, the implementation of SPS technology products promotes technology cost reduction; second, improve operational capabilities to achieve management cost reduction; third, to expand overseas and emerging business markets; Fourth, SPS products are fully promoted to customers.
Zhang Feng, secretary of the board of directors of Funeng Technology, said in an interview with the reporter of "Daily Economic News" last month: Funeng Technology's orders in 2024 are good, and customer demand at home and abroad is strong, but based on the current situation of the industry, the company's production scheduling plan must be more cautious, learn the lessons of 2023, and reduce the risk of idle capacity and high inventory.
National Business Daily.