Tianrui Auto Interior (06162) announced that the Group's net loss for the year ended December 31, 2022 is approximately...
According to Zhitong Finance App, Tianrui Auto Interior (06162) announced that the Group's net loss for the year ended December 31, 2022 was approximately RMB 26 million, and the Group expects to obtain a net profit of about RMB 3.2 million to RMB 4.2 million for the year ended December 31, 2023. Compared with 2022 revenue of approximately RMB 176 million, the Group's revenue for 2023 is expected to be approximately RMB 230 million to RMB 260 million.
The expected increase in revenue as of December 31, 2023 is mainly due to nationwide heavy truck sales of 911,000 units in 2023, an increase of 239,000 units over 2022. The group's revenue mainly comes from the heavy truck industry. 2022 was the “worst year in history” for the heavy truck industry, but after entering 2023, the industry showed a clear recovery trend.
The expected profit as of December 31, 2023 is mainly due to an increase in revenue compared to the same period in 2022, and fixed costs such as depreciation and labor did not increase year-on-year.