Zhixing Automobile Technology (Suzhou) Co., Ltd. (the Company) announced its interim results for the six months ended June 30, 2024. The report shows that the company's revenue reached CNY 636.16 million, a year-on-year increase of 17.11%; gross profit was CNY 44.85 million, a year-on-year increase of 9.29%. The gross margin was 7.05%, slightly lower than the same period last year. During the period, the company's pre-tax loss decreased to CNY 98.60 million, slightly lower than CNY 99.75 million in the same period last year. The net loss attributable to equity holders of the Company also slightly decreased to CNY 98.61 million. The basic and diluted loss per share was CNY 0.44. The Board of Directors does not recommend the payment of interim dividends. The...Show More

Zhixing Automobile Technology (Suzhou) Co., Ltd. (the Company) announced its interim results for the six months ended June 30, 2024. The report shows that the company's revenue reached CNY 636.16 million, a year-on-year increase of 17.11%; gross profit was CNY 44.85 million, a year-on-year increase of 9.29%. The gross margin was 7.05%, slightly lower than the same period last year. During the period, the company's pre-tax loss decreased to CNY 98.60 million, slightly lower than CNY 99.75 million in the same period last year. The net loss attributable to equity holders of the Company also slightly decreased to CNY 98.61 million. The basic and diluted loss per share was CNY 0.44. The Board of Directors does not recommend the payment of interim dividends. The Company completed its initial public offering in December 2023 and was listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Company is mainly engaged in the development, manufacturing and sales of autonomous driving products and solutions, and is actively promoting overseas production capacity layout and diversified business models.