Recently, the Ministry of Industry and Information Technology announced that in the first two months of this year, lithium battery production increased by 15% year-on-year, and the industry continued to grow. It is worth noting that this growth data has slowed significantly, and the total output of lithium batteries in the country in January-February 2023 increased by 24% year-on-year. Lithium enterprises in the industry are also generally showing a slowdown in performance. April 15, Ningde Times announced the latest results. The report showed that net profit in the first quarter rose 7% year on year, but revenue fell for two consecutive quarters. The company's 2023 revenue growth of 22.01% year on year, far less than the 152.07% in 2022 and 159.06% in 2021. Performance "increase profit does not increase income" and Xinwang Da. In 2023, Xinwang Da's net profit increased slightly by 0.77% compared with the same period last year, but its revenue decreased by 8.24% compared with the same period last year. Compared with these two companies, some lithium battery companies are obviously facing more serious performance pressure, and Funeng Technology and Rupu Lanjun will achieve a net loss in 2023.