Summary by Futu AI
RUIPU LANJUN ENERGY CO., LTD. (THE “COMPANY”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The company's revenue was RMB13,748.9 million, down 6.1% year-on-year. Gross profit was RMB293.3 million, down 73.0%. The loss for the year was RMB1,943.3 million, an increase of 331.1%. The loss per share for the basic and diluted year was RMB0.68. THE COMPANY WAS LISTED ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE LIMITED ON 18 DECEMBER 2023 AND NO DIVIDENDS WERE DISTRIBUTED DURING THE YEAR. RUIPUL LANJUN ENERGY IS PRIMARILY ENGAGED IN THE R&D, MANUFACTURING AND SALES OF POWER AND STORAGE LITHIUM-ION BATTERIES AND EXPANDS ITS BUSINESS GLOBALLY. THE COMPANY'S R&D TEAM CONTINUES TO INNOVATE, INTRODUCING NEW PRODUCTS SUCH AS TECHNOLOGY, AND PLANS TO ESTABLISH PRODUCTION FACILITIES IN SOUTHEAST ASIA, EUROPE AND SOUTH AMERICA. The Company has sufficient liquidity to meet its working capital needs and provides funding for operations through bank financing, equity capital and net proceeds from global sales.