Zhitong Finance App News, China Technology (688737.SH) disclosed its 2023 annual report. The company achieved revenue of 1,544 billion yuan in 2023, an increase of 245.07%; net profit to mother was 42.32 million yuan, turning a year-on-year loss into a profit; deducting non-net profit of 10.35 million yuan, turning a year-on-year loss into a profit; and basic earnings per share of 0.35 yuan.

During the reporting period, the company's revenue rose sharply, mainly due to the explosion of the commercial vehicle market, especially natural gas heavy truck market in China, batch supply for major passenger car customers, and the full implementation of diesel non-road national 4 and light vehicle national 6b emission regulations. The operating income of all major products of the company's internal combustion engine exhaust purification catalysts increased dramatically, compounded by the steady progress of the company's new business, and a significant increase in the company's revenue during the reporting period.