Summary by Moomoo AI
Nexteer announced its financial report on June 30, 2024, showing the company's continued pursuit of profit growth strategy. This was achieved through expanding revenue base, strengthening csi leading technology index position, optimizing cost structure, and selectively seeking acquisitions and alliances to achieve long-term profit growth. During the reporting period, Nexteer achieved a revenue of 2.1 billion USD, which remained flat compared to the same period in 2023, with a gross profit growth of 10.5% to 210.9 million USD. However, due to a 111.1% increase in income tax expenses, the attributable profit to equity holders of the company decreased by 53.8% to 15.7 million USD. Nexteer provides products and services to over 60 global vehicle manufacturers, and owns manufacturing plants and technical centers in North America, China, Europe, and...Show More