Gelonghui, April 1 | Taotao Auto Industry (301345.SZ) announced its results forecast for the first quarter of 2024. Net profit attributable to shareholders of listed companies during the reporting period was profit of 47 million yuan to 51 million yuan, an increase of 34.78%-46.25% over the same period last year; net profit profit after deducting non-recurring profit and loss was 46.6 million yuan - 50.5 million yuan, an increase of 34.47% - 45.72% over the same period last year.
During the reporting period, the company further strengthened its core competitiveness on the cost manufacturing side and brand channel side, and achieved a good increase in sales revenue, which led to a corresponding rapid increase in profits. Among them, sales of the company's electric scooters, electric bicycles and other products grew steadily on Amazon and Walmart; sales of electric golf carts gradually increased as production capacity improved and channel optimization. During the reporting period, the estimated impact of non-recurring profit and loss on net profit attributable to shareholders of listed companies is about 400,000 to 500,000 yuan.