On July 5th, Gelun Hui announced the performance forecast for the first half of 2024, with a net profit attributable to shareholders of the listed company of -5 million yuan to 1 million yuan, a year-on-year decrease of 118.76% to 96.25%; After deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company was -9 million yuan to -3 million yuan, a year-on-year decrease of 187.86% to 129.29%; basic earnings per share was -0.01 yuan/share to 0.002 yuan/share; operating income (as applicable) was 1,130 million yuan to 1,180 million yuan, and after deducting operating income (as applicable) was 1,070 million yuan to 1,120 million yuan.
During the reporting period, the company's new energy vehicle drive motor business operating income slightly increased compared with the same period last year, but due to fluctuations in downstream new energy vehicle markets, sales revenue growth did not meet expectations. In addition, changes in product structure and rising manufacturing costs resulted in a decline in product gross profit. The company's intelligent controller business has reduced overall sales gross profit due to changes in downstream customer demand and changes in product structure. In March 2023, the company transferred the equity of its controlled subsidiary Green Pulse Urban Transport (Europe) Co., Ltd., and generated investment income of 11.9 million yuan, but this income was not realized in the first half of 2024.