please allow yourself to be schooled a bit drugmanrx

New Post Public Reply Private Reply Replies (1) Message Board
ThreeEmInEn drugmanrx #5500
175
please allow yourself to be schooled a bit

drugmanrx quote:
Quote:
Is Tsingshan Group/ FoxEss and Solar Group profitable


the facts and truth below. please do your due diligence and then post.

BTW, NOT ONE MENTION OF ITS SO-CALLED GLOBAL PARTNER IN THE ENTIRE 759 PAGES???

https://chinarept.com/upimage/affix/B.%20Glob...fering.pdf

Foxess
Quote:
Our sales volume of battery products increased
significantly from 1.55GWh in 2020 to 16.61GWh in 2022, representing a CAGR of 227.4%. Our sales volume of battery products increased significantly from 4.70GWh for the six months ended June 30, 2022 to 7.77GWh for the six months ended June 30, 2023. Despite our growth in sales, we are not yet profitable . See “Financial Information – Results of Operations” and “Business – Business Sustainability.”


Quote:
Tsingshan Group, our Controlling Shareholder, was one of our five largest customers , accounting for 5.9% and 12.7% of our total revenue, respectively. Tsingshan Group is expected to continue to be one of our five largest customers in 2023


Quote:
The market demand for our products is affected by the market demand for the end products where our batteries are used. Entering into 2023, the EV industry experienced slowdown in its growth. Combined with the impact from decrease in raw materials since early 2023, the prevailing market price for EV battery products experienced rapid decrease. Under such circumstances, the competition in EV battery market has been significantly intensified. T he competitive landscape in ESS battery market has also becoming increasingly challenging as a result of its rapid development in recent years. As a result, our market share of the EV battery products in China in terms of amount of installation decreased from 1.7% in 2022 to 1.2% in the six months ended June 30, 2023, and our market share among lithium-ion battery manufacturers globally in terms of global ESS battery installation decreased from 8.8% to 5.7% .


Quote:
However, in the six months ended June 30, 2023, we recorded net provision for impairment losses of inventories of RMB264.7 million , as the net realizable value of our inventories lower than their costs due to the decrease in average selling prices of our EV and ESS battery products as a result of the rapid decrease in raw material prices after entering into 2023


hehehehe

in my opinion

cheers

Sun Pacific Holding Corp. (SNPW) Stock Research Links

SNPW Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Teamsters Secure Landmark Deal for SF Parking Workers

Updated Category News Views 5

Major Win for San Francisco's Parking Professionals Parking lots and garages across San Francisco might not be the first places you’d look for labor triumphs, but that’s exactly what almost 1,000 members of Teamsters Local 665 have achieved. Under a newly ratified four-year master contract, these parking pros snagged one of the richest deals the industry has seen. A...

Continue Reading
Rutter Mills Secures $13M in Virginia Injury Cases

Updated Category News Views 4

The Stakes in Virginia When you drop nine successful injury cases on the scales and they tip over $13 million, that's a story worth dissecting. The two top dogs at Rutter Mills certainly know how to make a splash in the legal puddle, don't they? We're talking about attorneys Adam H. Lotkin and Georgina D. Montgomery here, the legal eagles behind these jaw-dropping...

Continue Reading
Steel Dynamics Gears Up for Q3 2026 Earnings Update

Updated Category News Views 7

Steel Dynamics Preps for Key Earnings Report Folks, we're staring down the barrel of another quarterly earnings report from Steel Dynamics, Inc., and you can bet this one is gonna have plenty of eyes glued. October 19th, 2026, that's when they'll peel back the curtain on how they fared in Q3. Now, buckle up, because this isn't just a numbers game—it’s a snapshot of...

Continue Reading
Newfold Digital Revamps Leadership for Growth Surge

Updated Category News Views 4

Steering into New Horizons with Fresh Leadership October 2026 marks a fresh chapter for Newfold Digital, as they shuffle the deck chairs a bit and ramp up for some ambitious growth endeavors. This web and commerce tech company decided it's time to bring a few heavy hitters on board. Starting this month, watch out for Sachin Puri taking the reins as Chief Executive...

Continue Reading
Striveworks: Boosting Army's AI Edge in Indo-Pacific

Updated Category News Views 6

The world keeps marching forward, and here’s Striveworks stepping up to the plate with another big move in the military tech space. This isn't your average partnership renewal; this involves a five-year, $200 million deal to enhance battlefield AI as the U.S. Army hones its modern warfare edge in the Indo-Pacific. Now, this isn't just a battle of strategies but a battle...

Continue Reading
Ajman Tourism Department Hits Internal Audit Milestone

Updated Category News Views 4

A Nod to Standards in Ajman's Tourism Department Folks, it's not every day you see a government department get this kind of spotlight in the internal audit arena, yet here we are. The Ajman Department of Tourism, Culture and Media has snagged Full Conformance with Internal Audit Quality Standards. That’s not just some random feather in their cap but a signal flare in...

Continue Reading
Aspen Dental Brings Comprehensive Care to Whiteville

Updated Category News Views 6

Bringing Dentistry Closer to Home Now, Whiteville's dental game just got a power-up, with Aspen Dental setting up shop in town. This isn't just another practice popping up—it's a full-on dental hub offering everything from regular cleanings to emergency tooth fixes. And let’s face it, this area's diverse population needs it. The Man Behind the Chair Guess who’s at...

Continue Reading
Full Sail University Bags Billboard Music School Honor

Updated Category News Views 6

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Continue Reading
Webull Faces Legal Scrutiny Over Chinese Ties

Updated Category News Views 5

The Unfolding Drama for Webull Shareholders When you see a ticker like NASDAQ:BULL rolling off your tongue these days, it’s not just about stock prices anymore—it's a whole saga wrapped in legal and geopolitical spice. Following the recent uproar from a House China committee report, Webull found itself thrust into the spotlight for all the wrong reasons. That report...

Continue Reading
Raken Debuts Change Orders: A Game-Changer for Builds

Updated Category News Views 4

Construction Gets a Streamlined Boost with Raken's New Tool In construction, chaos often partners seamlessly with progress. But Raken is stepping in to shake things up a bit. This isn’t just another run-of-the-mill software update; this is Raken flexing its muscles in the construction tech arena. They’ve rolled out Change Orders, enhancing their project management...

Continue Reading

Top 5 Most Recently Viewed Articles

Elevate Your Filmmaking: SmallRig's iPhone 17 Pro Kit

Updated Category News Views 354

Unlock Your Creative Potential with SmallRig SmallRig, renowned for its innovation in photo and video accessories, has just unveiled an exceptional Video Cage Kit designed exclusively for the iPhone 17 Pro Series. This groundbreaking kit opens the doors to cinematic possibilities, enabling users to achieve visually stunning results and elevate their mobile content...

Continue Reading
Olympus Property Expands Portfolio with Luxury Community Acquisition

Updated Category News Views 357

Olympus Property Acquires The Griff in Nashville Olympus Property is excited to announce its recent acquisition of The Griff, a premier 255-unit luxury apartment community strategically positioned in a vibrant submarket. This modern living space, developed in 2019, perfectly embodies urban elegance while offering residents unmatched access to the cultural and economic...

Continue Reading
LEPAS Launches its First Showroom, Pioneering NEV Innovation

Updated Category News Views 113

LEPAS Marks an Exciting New Chapter in NEV Industry On January 19, LEPAS, a pioneering brand affiliated with Chery Group, proudly inaugurated its inaugural showroom in Jakarta, Indonesia. This event attracted a diverse group of visitors, including government officials, media representatives, and various dealership partners, all eager to witness this pivotal moment for the...

Continue Reading
Abbott Laboratories Earnings Guidance Impacts Stock Market Trends

Updated Category News Views 156

Market Overview In recent trading sessions, the U.S. stock market has exhibited a downward trend, attributable to weaker than anticipated earnings forecasts from major companies. Investors are closely watching the developments as they navigate their portfolios through this challenging climate. Abbott Laboratories Earnings Update Abbott Laboratories reported adjusted...

Continue Reading
Alchimie Enters Strategic MOU to Enhance Business Model

Updated Category News Views 289

Alchimie Announces New Strategic Partnership with Digital Virgo Recently, Alchimie, known for its innovative B2B streaming platform, has taken a significant step to reshape its business landscape. The company has entered into a memorandum of understanding (MOU) with Digital Virgo, a leading player in mobile payment solutions and monetization strategies. This collaboration...

Continue Reading