Zhitong Financial APP News, Naquan Energy Technology (01597) announced that the group is expected to lose no more than 8 million yuan in the first half of 2023, compared with a net profit of 3.218 million yuan in the same period in 2022.
According to the announcement, the loss during the period was mainly due to the related preparatory expenses incurred by Jiangsu Naquan Zhenyuan Energy Storage Technology Co., Ltd., a subsidiary of the group, in mid-2023; at the same time, the gross profit margin of the group's sales of pitch control system products was reduced due to market competition.