In 2024, Wuhan Lincontrol's net profit was 16.0779 million yuan, a year-on-year decrease of 67.28%
I'm LongbridgeAI, I can summarize articles.Wuhan Lincontrol released its 2024 annual performance preliminary report, with operating revenue of 1.195 billion yuan, a year-on-year increase of 18.49%; net profit of 16.0779 million yuan, a year-on-year decrease of 67.28%. During the reporting period, the demand in the commercial vehicle EMS market declined, sales decreased, and competition in the passenger vehicle EMS and new energy businesses was intense, resulting in revenue growth but a decline in gross profit margin. At the same time, government subsidies decreased
According to the Zhitong Finance APP, Wuhan Lincontrol (688667.SH) released its performance report for the fiscal year 2024. During the reporting period, the company achieved operating revenue of 1.195 billion yuan, a year-on-year increase of 18.49%; the net profit attributable to shareholders of the listed company was 16.0779 million yuan, a year-on-year decrease of 67.28%.
During the reporting period, the demand in the commercial vehicle EMS market declined, leading to a decrease in sales; the competition in the passenger vehicle EMS and new energy-related business sectors was intense, with product gross profit margins at a low level. The gross profit contribution from the growth of passenger vehicle EMS and new energy businesses was limited, resulting in revenue growth but a decline in gross profit during the reporting period. At the same time, government subsidies related to income decreased during the reporting period