Summary by Moomoo AI
Centralized Vehicles released its first quarter report for 2024 on April 26, 2024, showing that the company's operating income was RMB553 billion, down 21.73% from the same period last year; net profit attributable to shareholders of listed companies was RMB2.65 billion, down 44.76% year-on-year. Basic earnings per share were $0.13, down 45.83% from $0.24 in the same period last year. During the reporting period, demand in the North American semi-trailer market returned to normal, resulting in a decline in sales, affecting the company's gross profit and net profit. In terms of the domestic market, the commercial vehicle market achieved growth, with sales increasing by 10.1% year-on-year. The company actively promotes the “Star Chain Program” and the development of integrated products for new energy overhead trains and sells 29,483 vehicles/sets worldwide. At the end of the reporting period, the company's total assets were RMB248.54 billion, an increase of 4.26% year-on-year. The quarterly report is unaudited.