Desai Battery will achieve revenue of 20.285 billion yuan in 2023, with net profit falling 35.13% year-on-year

News from this site on March 26, Desai Battery released its 2023 annual performance report stating that in 2023, the company achieved consolidated operating income of 20.285 billion yuan, a year-on-year decrease of 6.73%; net profit attributable to the parent company was 562 million yuan, a year-on-year decrease of 35.13% ; Deducting non-net profit was 536 million yuan, a year-on-year decrease of 34.33%.

Desai Battery’s main product sales are as follows: BMS (power management system) and related product sales revenue was 4.217 billion yuan, while PACK ( Packaging and integration) products achieved sales revenue of 17.561 billion yuan.

Desai Battery pointed out during the reporting period that due to sluggish demand in the consumer electronics industry, its traditional advantage business, sales scale has declined. However, its energy storage battery business achieved remarkable results throughout the year, achieving sales revenue of 1.209 billion yuan, a year-on-year increase of 82.63%. In addition, the SIP business also performed well in lithium battery power management systems, with annual sales revenue reaching 2.137 billion yuan, a year-on-year increase of 63.94%. These figures demonstrate the company's good momentum in emerging areas and lay a solid foundation for future growth.

In addition, Desai Battery’s annual sales revenue from the smart hardware assembly business reached 942 million yuan, a year-on-year growth of 243.91%. At the same time, the annual sales revenue of the new energy vehicle power battery power management system business also reached 282 million yuan, a year-on-year increase of 170.95%.

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