---
title: "Power New Energy reported a net loss of 1.097 billion yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229888452.md"
description: "Power New Energy released its 2024 annual performance preliminary report, showing a total operating revenue of 1.037 billion yuan during the reporting period, a year-on-year decrease of 11.48%, and a net loss attributable to the parent company's owners of 1.097 billion yuan. The sales volume of lithium battery ternary sector products increased significantly, with the sales volume of sodium battery positive precursor products increasing by over 300% year-on-year. However, due to the decline in raw material prices and intensified market competition, the average shipment price of products decreased year-on-year, leading to a decline in the company's revenue indicators"
datetime: "2025-02-27T09:45:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229888452.md)
  - [en](https://longbridge.com/en/news/229888452.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229888452.md)
---

# Power New Energy reported a net loss of 1.097 billion yuan for the fiscal year 2024

According to the Zhitong Finance APP, Power New Energy (688184.SH) released its performance report for the year 2024. During the reporting period, the company achieved total operating revenue of 1.037 billion yuan, a year-on-year decrease of 11.48%, and a net loss attributable to the parent company of 1.097 billion yuan.

During the reporting period, the advantages of the lithium battery ternary sector, including single crystal type, medium-high nickel, and high voltage, became more pronounced, with significant year-on-year growth in sales of the company's lithium battery cathode precursor products. At the same time, sodium batteries accelerated their industrial process due to advantages in low temperature and fast charging performance, as well as controllable resources and high safety characteristics, with sales of sodium battery cathode precursor products increasing by over 300% year-on-year. Based on the sales pricing model of "main raw material cost + processing fee," the decline in raw material prices and intensified market competition led to a year-on-year decrease in the average shipment price of the company's products. These factors collectively contributed to the decline in the company's revenue indicators year-on-year

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