Nexteer announced its financial report on June 30, 2024, showing that the company continues to drive profit growth with its strategy. It aims to achieve long-term profit growth by expanding its revenue base, strengthening its leading position in technology, optimizing its cost structure, and selectively seeking acquisitions and alliances. During the reporting period, Nexteer achieved a revenue of $2.1 billion, which remained flat compared to the same period in 2023. Its gross profit increased by 10.5% to $210.9 million. However, due to a 111.1% increase in income tax expenses, the net profit attributable to equity holders of the company decreased by 53.8% to $15.7 million. Nexteer provides products and services to more than 60 vehicle manufacturers worldwide and has manufacturing plants and technology centers in North America, China, Europe...Show More

Nexteer announced its financial report on June 30, 2024, showing that the company continues to drive profit growth with its strategy. It aims to achieve long-term profit growth by expanding its revenue base, strengthening its leading position in technology, optimizing its cost structure, and selectively seeking acquisitions and alliances. During the reporting period, Nexteer achieved a revenue of $2.1 billion, which remained flat compared to the same period in 2023. Its gross profit increased by 10.5% to $210.9 million. However, due to a 111.1% increase in income tax expenses, the net profit attributable to equity holders of the company decreased by 53.8% to $15.7 million. Nexteer provides products and services to more than 60 vehicle manufacturers worldwide and has manufacturing plants and technology centers in North America, China, Europe, and other regions. The company's non-current assets on June 30, 2024, amounted to $1,814.2 million, and its current assets amounted to $1,545.1 million. During this period, Nexteer continued to focus on the research, development, and innovation of core products such as Electric Power Steering (EPS) and Steer-by-Wire (SbW), and successfully launched 38 new customer projects worldwide.