It plans to invest 2.715 billion yuan! Jingao Technology plans to build a 5G W high-efficiency battery project in Vietnam

On August 31, Jingao Science and Technology issued several announcements, one of which was about investing in the integrated production capacity of the construction company. The announcement shows that Jingao Science and Technology intends to invest in the construction of Vietnam's annual 5G W high-efficiency battery project, with an estimated investment of 2.715 billion yuan and a construction period of 10 months. The announcement

said that Vietnam's annual 5G W high-efficiency battery project uses industry-leading battery technology, which can effectively improve the production capacity of high-efficiency products, meet the demand for high-efficiency products in overseas markets, continuously improve market share and integrated profitability, and meet the company's integrated capacity planning needs and global strategic layout.

On the same day, Jingao Technology also released its semi-annual report for the first half of this year. In the first half of 2023, Jingao Technology realized a revenue of RMB 40.843 billion, a year-on-year increase of 43.47%; the net profit attributable to the parent company was RMB 4.813 billion, a year-on-year increase of 182.85%; the net profit deducted from non-attributable parent company was RMB 5.163 billion, a year-on-year increase of 216.19%.