Summary by Moomoo AI
Geely Auto's partially owned subsidiary, Ji Ke Intelligent Technology Holdings Limited (Ji Ke), announced its unaudited financial performance for the second quarter of 2024 on August 21, 2024. Ji Ke achieved a total delivery volume of 54,811 automobiles in the second quarter of 2024, a year-on-year increase of 100%. The automotive sales revenue in that quarter reached RMB 1,343.82 million, a year-on-year increase of 59.0%, with an automobile gross margin of 14.2%. Total revenue was RMB 2,004.01 million, a year-on-year increase of 58.4%. The gross margin reached 17.2%, a significant increase compared to the same period last year. However, Ji Ke recorded a net loss of RMB 180.88 million in the second quarter, a decrease of 28.7% compared to the same period last year. Ji Ke launched...Show More