Summary by Moomoo AI
Zhixing Automobile Technology (Suzhou) Co., Ltd. (the "Company") announced its interim results for the six months ended June 30, 2024. According to the report, the company's revenue reached RMB 636.16 million, a year-on-year increase of 17.11%; Gross profit was RMB 44.85 million, a year-on-year increase of 9.29%. The gross margin was 7.05%, slightly lower than the same period last year. During the period, the company's pre-tax loss decreased to RMB 98.6 million, slightly lower than RMB 99.75 million for the same period last year. The company's equity holders' loss also decreased slightly to RMB 98.61 million. Basic and diluted loss per share was RMB 0.44. The board of directors does not recommend the payment of interim dividends. The Company completed its initial public offering in December 2023 and was listed on the Main Board of the Hong Kong Stock Exchange. The Company is mainly engaged in the development, manufacturing, and sales of autonomous driving products and solutions, and actively promotes the layout of overseas production capacity and diversified business models.