According to the Zhitong Finance App, Jixing New Energy (03395) announced results for the year ended December 31, 2023. Total net revenue was 12.456 million Canadian dollars, down 44.3% year on year; net loss was 21.46 million Canadian dollars, up 490.8% year on year; basic loss per share was 0.05 Canadian dollars.
Total sales volume for the year ended December 31, 2023 was 10% lower than the comparison period due to forest fires in the second quarter of 2023 interrupting production and natural production cuts. The company estimates that in the three months ending June 30, 2023, production fell by about 30% due to forest fires. Total sales for the three months ended December 31, 2023 fell 8% compared to the same period in 2022, mainly due to natural decline.