Jiangxi Special Electric Motor Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024

Jiangxi Special Electric Motor Co., Ltd. specializes in the design, manufacturing and marketing of special motors and batteries. In parallel, the group develops special vehicle manufacturing and mining activities. Net sales break down by family of products as follows: - special motors (48.8%): primarily elevators and lifting motors, port motors, explosion-proof motors, high-voltage motors, actuators and building motors; - mining products (47.6%): lithium carbonate, rubidium, cesium and lepidolite; - vehicles (0.2%): special vehicles and electric buses; - other (3.4%): primarily lithium batteries, industrial batteries and batteries for self-balancing two-wheelers. China accounts for 98.5% of net sales.