Summary by Moomoo AI
Zhuzhou Zhongshan Electric Co., Ltd. (Times Electric) announced its unaudited financial report for the first quarter of 2024. The report showed that the company's operating income reached RMB39.25 billion, an increase of 27.20% year-on-year. Net profit attributable to shareholders of listed companies was RMB5.68 billion, up 30.44% year-on-year, and net profit after non-recurring loss was RMB4.61 billion, an increase of 44.85%. R&D invested a total of RMB 4.66 billion, accounting for 11.88% of operating income. The total assets of the company amounted to RMB551.07 million, an increase of 3.19% year-on-year. Time Electric said that the net profit growth was mainly due to the increase in the company's operating profit. The Board of Directors shall ensure that the content of the report is truthful, accurate, complete and free of false statements, misleading statements or material omissions. This report was issued on 25 April 2024 by Chairman Li Tonglin on behalf of the Board of Directors.