HEFEI,
China, April 20, 2024 /PRNewswire/ -- On the
evening of 19 April, Gotion High-tech (002074) released its
2023 annual report. The company achieved operating revenue of
RMB 31.605 billion, an increase of
37.11% YoY; operating profit of RMB 975
million, an increase of 390.92% YoY; and net profit
attributable to the owner of the listed company of RMB 939 million, an increase of 201.28% YoY. The
company's net cash flows from operating activities was RMB 2.419 billion, up 201.86% YoY.
On the same day, Gotion High-tech also released its 2024
quarterly report. The company achieved revenue of RMB 7.508 billion, a YoY increase of 4.61%, and
net profit attributable to the owner of the listed company after
deducting non-recurring profits and losses increased by 195.26%
YoY.
The report shows that Gotion High-tech's product delivery
exceeded 40GWh in 2023, with a YoY growth of more than 40%, and
sales revenue including tax increased by more than 50% YoY under
the situation of continuous decline in battery prices. Power
battery sales revenue of RMB 23.051
billion, a YoY growth of 24.72%. Energy storage business
revenue was RMB 6.932 billion, up
97.61% YoY, with the revenue share rising to 21.93%.
Gotion High-tech adheres to innovation drive, increases R&D
investment, and accelerates product technology iteration. In 2023,
the company's R&D investment reached RMB
2.768 billion, a YoY increase of 14.57%. The company's
Unified Cell, 4695 cylinder cell, semi-solid punch cell and
third-generation battery cell products such as L300, M600 and N300
have been recognized by the market for their excellent performance
in terms of safety, energy density, power performance and service
life. Among them, Gotion has been designated by Volkswagen Unified
Cell globally; the energy density of the in-house developed
Astroinno battery pack reaches 190Wh/kg.
In addition, Gotion High-tech continues to deepen the strategic
layout of globalization. With four Pack plants in Germany, Indonesia, Thailand and Silicon Valley of the U.S.
launching their products, and production bases such as in
Vietnam, Chicago of the U.S., Michigan of the U.S., Slovakia, Argentina, and Indonesia progressing step by step, Gotion
High-tech initially formed the layout of ten overseas bases
covering materials, cells, and Pack, and realized localization of
production and R&D. In 2023, Gotion achieved overseas revenue
of RMB 6.428 billion, a YoY growth of
115.69%.
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SOURCE Gotion High-Tech