Harmony Auto (03836) announced its annual results for the year ended December 31, 2023. The group will take...
According to the Zhitong Finance App, Harmony Auto (03836) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 16.579 billion yuan (RMB, same below) during the period, an increase of 1.58%; gross profit of 964 million yuan; shareholders' losses of 252 million yuan, a year-on-year decrease of 84.51%; and a basic loss of 0.17 yuan per share.
According to the announcement, automobile sales and other revenue were 14.209 billion yuan, accounting for 85.7% of total revenue in 2023, a decrease of 0.8% compared with 14.325 billion yuan achieved in the same period in 2022.
Overall, the company achieved total sales volume of 38,475 units in 2023, up 8.4% year on year. Of these, 28,465 BMW units (including MINI) were delivered throughout the year, up 6.4% year on year, and 4,266 Lexus units were delivered, up 10.1% year on year. In terms of inventory, the Group implements effective inventory management strategies to ensure optimal control and adjustment of inventory levels in response to market changes, and strives to maintain a healthy range of inventory turnover days. The company's annual inventory turnover days increased by 3 days compared to the previous year to 35 days.