Contemporary Amperex Technology Co., Ltd. said that the decline in revenue and profit in the first quarter of this year was mainly due to the impact of the novel coronavirus epidemic and the market. The installed capacity of new energy vehicles dropped sharply, which led to the decline in the sales revenue of power batteries in the first quarter of the company, and the net profit attributable to shareholders of listed companies decreased compared with the same period of last year.
Looking forward to the future performance, Contemporary Ampere Technology Co., Ltd. said that if the epidemic continues to spread around the world, the macro economy and consumers' willingness to consume will decline, which will affect the development of the whole new energy and power battery industry, and then adversely affect the company's operating performance and financial situation.
In addition, the company's future business development is also facing the risk of intensified competition in the new energy vehicle market. The technology of lithium-ion power battery industry is updated rapidly, and the development direction is uncertain. If the company can't always keep the leading technology level in the industry and make continuous progress, its market competitiveness and profitability may be affected. If the future market competition intensifies or the national policy adjustment and other factors make the company's product sales price and raw material purchase price adversely change, the company's gross profit margin is at risk of decline.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.