Huabao New Energy's portable energy storage product revenue will decline in 2023

Huabao New Energy's portable energy storage product revenue in 2023 was 1.89 billion yuan, a year-on-year decrease of 23.5%, with a gross profit margin of 39.5%. The company is mainly engaged in the research and development, production, branding, sales and services of lithium battery energy storage products and photovoltaic products, and belongs to the lithium battery energy storage industry.