Zongshen Power's lithium energy acquisition exceeds profit target

Chongqing Zongshen Power Machinery (SZSE:001696) announced that Dongguan Lithium Smart Energy, a company it acquired in 2023, has exceeded its 2024 performance commitment. According to the verification report, Dongguan Lithium Smart Energy achieved a net profit attributable to the parent company, after deducting non-recurring gains and losses, of CNY4,717.83 million in 2024, exceeding the committed profit of CNY4,500.00 million by CNY217.83 million, representing a completion rate of 104.84%. This announcement fulfills disclosure requirements mandated by the Shenzhen Stock Exchange following the acquisition.