Zhengzhou Tiamaes Technology (300807.SZ) disclosed its semi-annual report for 2024. During the reporting period, the company achieved a revenue of 3632 million yuan, a decrease of 32.41% year-on-year...
Zhengzhou Tiamaes Technology (300807.SZ) disclosed its semi-annual report for 2024. During the reporting period, the company achieved a revenue of 36.32 million yuan, a decrease of 32.41% year-on-year. The net income attributable to the parent company was a loss of 33.4 million yuan, a narrowing of 32.41% year-on-year. The non-GAAP net income was a loss of 34.07 million yuan, a narrowing of 32.41% year-on-year. The basic earnings per share was -0.49 yuan.
During the reporting period, the company promoted organizational structure changes, vigorously implemented cost reduction and efficiency improvement, optimized personnel structure, strictly controlled expense expenditure, and the total sales expenses, research and development expenses, and management expenses decreased by 14.39% year-on-year, achieving significant cost reduction results.
On the business side, the development and market promotion of intelligent cabins continued to advance, and the product functions were recognized by commercial vehicle companies. Cooperation intentions were also reached with some commercial vehicle manufacturers. In the second half of the year, efforts in the market promotion of intelligent cabins will be increased to explore new business growth points for the company. The company has launched a strategic cooperation with Harbin Transport Group Co. Ltd., establishing a joint venture company to jointly promote the promotion of comprehensive transportation digitization, smart public transportation, new energy charging, smart rental, and urban-rural transportation integration products and solutions.