Youneng Power: Sales of energy storage related businesses have achieved a breakthrough of zero

At the performance briefing, YN Energy stated that last year, the company achieved zero breakthrough in the sales of energy storage related businesses. The company mainly engages in industrial and commercial energy storage business. With the decrease in battery costs and the improvement of energy storage safety technology, it is expected that there will be a large demand in the market. However, YN Energy also emphasized that energy storage business is easily affected by national electricity and energy related policies, so the company cannot predict the impact of energy storage business on its future sales and performance.