Summary by Futu AI
KnowAll Automobile Technology (Suzhou) Co., Ltd. (referred to as KnowAll Automobile Technology) released its 2024 interim report. The report shows that in the first half of 2024, the company achieved revenue of 636.16 million RMB, a year-on-year increase of 17.11%; gross profit of 44.85 million RMB, a year-on-year increase of 9.29%. The gross margin slightly decreased from 7.55% to 7.05%. The loss for the period was 98.61 million RMB, slightly lower than the 99.75 million RMB in the same period last year. The company's main business is the development, manufacturing, and sales of autonomous driving products and solutions, and it was listed on the main board of the Hong Kong Stock Exchange on December 20, 2023. During the reporting period, the company received 18 confirmation letters from well-known OEM customers including Chery Automobile, Geely Auto, Dongfeng Automobile, and actively promoted overseas production layout. The company continues to increase investment in more advanced algorithms and has introduced a new generation of autonomous driving domain controllers.