公告称，收入减少主要由于受新车价格下跌及波动影响，二手车拍卖交易价格下降带来的二手车拍卖佣金及服务费减少；消费者置换汽车交易数目及平均单车收入减少，导致汽车收销安排收入减少；及经销商集团及主机厂的营销需求下降，导致展会业务收入减少。Auto Street (02443) fell more than 11%, as of the time of publication, it fell 11.75% to HKD 5.56, with a turnover of HKD 0.9967 million.
According to the Smart Finance APP, Auto Street (02443) fell more than 11%, as of the time of publication, it fell 11.75% to HKD 5.56, with a turnover of HKD 0.9967 million.
On the news side, Auto Street announced its mid-term performance for 2024, with revenue of approximately CNY 0.191 billion, a decrease of 15.5% year-on-year; gross profit of approximately CNY 0.124 billion, a decrease of 14.8% year-on-year; and the parent company's attributable loss of approximately CNY 0.148 billion, an increase of approximately 1.96 times year-on-year.
The announcement stated that the decrease in revenue was mainly due to the decrease in new car prices and fluctuations, the decrease in commissions and service fees from auctioning second-hand cars, the decrease in the number of consumer transactions and average per vehicle revenue from car replacement, and the decrease in income from exhibition business due to the decrease in marketing demand from dealer groups and host manufacturers.
