Sichuan Tianwei Electronics reported a net loss of 19.5573 million yuan for the year 2024
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Sichuan Tianwei Electronics released its 2024 annual performance preliminary report, showing total operating revenue of 81.4572 million yuan during the reporting period, a year-on-year decrease of 42.02%, and a net loss attributable to the parent company of 19.5573 million yuan. The demand for major products was affected by the annual tasks of complete vehicles and national macro policies, leading to a decrease in orders and revenue. At the same time, the increase in impairment provisions, reduction in government subsidies, and rise in R&D expenses also had a negative impact on performance
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