Gelonghui Wanli shares (600847.SH) announced the semi-annual performance loss announcement of 2023 on July 12. According to the preliminary calculation of the financial department, the net profit attributed to shareholders of listed companies is expected to be about-10.01 million yuan in the first half of 2023, compared with-18.97 million yuan in the same period last year. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses in the first half of 2023 is about-11.22 million yuan, compared with-20.34 million yuan in the same period last year.

Due to the increase in production in the first half of 2023 and the decline in the purchase price of some raw and auxiliary materials, the manufacturing cost per unit product of the company has been reduced, and the sales gross profit margin has increased compared with the same period last year. However, due to the small volume and fierce competition in the lead battery industry, the gross profit margin of the product is low; although the loss of the company in the current period is much lower than that of the same period last year, it still does not reach the level of overall profit.