Shanghai Belling released its 2024 annual performance, with a net profit attributable to shareholders of RMB 396 million, turning a profit from a loss year-on-year

Shanghai Belling released its 2024 annual performance, achieving revenue of 2.819 billion yuan during the reporting period, a year-on-year increase of 31.89%; net profit attributable to shareholders was 396 million yuan, turning from loss to profit year-on-year; net profit excluding non-recurring items was 283 million yuan, a year-on-year increase of 66.27%. The company plans to distribute a cash dividend of 0.17 yuan per share to all shareholders. Research and development investment was 430 million yuan, a year-on-year increase of approximately 20%. The company obtained ISO26262 functional safety management system certification and established a complete automotive product development process and management system