Reported about 1 year ago
Xin Neng Gao's main business operation has shown significant improvement, with hopes of turning profitable quarter by quarter this year and striving for a profit in the second half. The company, specializing in lithium battery cells, is venturing into the energy storage market in collaboration with partners like Tianyu and Jieming New Energy, expecting to contribute to revenue next year. With increasing shipments of medical and IoT products, the company's gross profit margin continues to improve, narrowing its operating losses with a goal to achieve profitability in the latter part of the year.
Source: YAHOO