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CHENQI TECH: 2024 Interim Report
gosuncn technology group (300098.SZ): The 5G intelligent networked vehicle terminal jointly developed with Ruqi Travel is applied to Ruqi Travel's online car-hailing service.
On September 11th, Gosuncn Technology Group (300098.SZ) stated on the investor interaction platform that in Guangzhou, the company has jointly developed a 5G smart connected car terminal with Ruqi Chuxing, which is applied to Ruqi Chuxing's online car-hailing service. It enables real-time communication between the car, road, and cloud, and interacts with the driver-side application through the app on the travel platform. It provides 16 types of warning prompts, including forward collision warning, blind spot lane change warning, and reverse overtaking warning, by reminding the driver of the road traffic conditions ahead in advance. This greatly enhances the vehicle's risk avoidance capability.
[Brokerage Focus] CMB International cuts Guangzhou Automobile Group's target price by 45.5%, citing Q2 performance falling short of expectations and lowering sales forecasts for the next two years.
Jingu Financial Information: According to the research report of China Minsheng International, Guangzhou Automobile Group (02238) fell short of expectations in its 2Q24 performance, with a 30% decline in revenue and a faster decline in unit selling price than expected by the bank. The overall gross margin of 4.3% is in line with expectations, but investment income from associated and joint venture companies decreased by 92% year-on-year. Although the bank had previously expected a loss for Guangzhou Automobile Group in 2Q24, this decline still exceeded the bank's expectations. Net loss for EAENE was slightly lower than the bank's expectations. 2Q24 net income of Guangzhou Automobile Group was 0.3 billion yuan, only 0.13 billion yuan lower than the bank's expectations, mainly due to the IPO of RYDE (09680, unrated).
"Robotaxi First Stock" Ruqi Travel (09680): Significant increase in revenue and gross margin in the first half of the year, accelerating the lead in the autonomous driving race track.
Under the promotion of breakthroughs in global self-driving technology, Robotaxi (self-driving taxis) is transitioning from concept to practical application, leading the future trend of intelligent transportation.
Chenqi Technology's H1 Loss Narrows by 4% as Revenue Jumps 14%
Express News | Chenqi Technology - Hy Loss Attributable RMB331.6 Mln
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