Summary by Moomoo AI
NEW FOCUS AUTO Technology Holdings Limited announced that for the year ending December 31, 2024, the group recorded revenue of approximately RMB 0.519 billion, a year-on-year decrease of 6.64%; the annual loss was approximately RMB 71.84 million, narrowed by 18.7% compared to a loss of RMB 88.4 million in the same period last year. The gross profit was approximately RMB 87.26 million, down 8.70% year-on-year; the gross margin decreased from 17.21% to 16.83%.The group's manufacturing and trading Business revenue was approximately RMB 0.383 billion, a year-on-year decrease of 7.10%, mainly affected by the USA tariff policy which led to a decline in export sales revenue; the revenue from the Autos distribution and service Business was approximately RMB 0.136 billion, a year-on-year decrease of 5.30%, mainly...Show More
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