Summary by Moomoo AI
In 2024, Youjia Innovation achieved revenue of 0.654 billion yuan, a year-on-year growth of 37.4%. Among them, revenue from smart driving solutions reached 0.484 billion yuan, a year-on-year growth of 25.2%, accounting for 73.9% of total revenue; revenue from smart cockpit solutions reached 0.104 billion yuan, a substantial year-on-year growth of 467.8%, accounting for 15.9% of total revenue; revenue from vehicle-road coordination business was 63.3 million yuan, a year-on-year decline of 11.5%. The gross margin increased from 14.3% to 16.0%, mainly benefiting from improved operational efficiency and an increased share of high gross margin product revenue.The company continues to increase investment in research and development, and by the end of 2024, the number of research and development personnel reached 376, accounting for 64.6% of the total...Show More
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