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Jingwei Hengrun: 2024 Annual Results Pre-loss Announcement
2024 Annual Results Advance Loss Announcement
Jingwei Hengrun (688326.SH): A projected loss of 0.45 billion to 0.58 billion yuan in 2024.
Glory Exchange reported on January 23 that Jingwei Hengrun (688326.SH) announced its preliminary annual performance loss for 2024, expecting to continue incurring losses, with a net income attributable to owners of the parent company estimated at -580 million yuan to -450 million yuan. This represents an increase in the loss amount of 232.7434 million yuan to 362.7434 million yuan compared to the same period last year (statutory disclosure data). The net income attributable to owners of the parent company, after deducting non-recurring gains and losses, is estimated at -650 million yuan to -500 million yuan, which compared to the same period last year (statutory disclosure.
Jingwei Hengrui (688326.SH) has partnered with Arbe Robotics to develop a complete series of 4D millimeter-wave Radar platform products, each equipped with 4 transmitting antennas and 4 receiving antennas.
On January 13, Gelonghui reported that Jingwei Hengrun (688326.SH) stated on the investor interaction platform that the company has partnered with Arbe Robotics to develop a self-designed 4D millimeter-wave Radar platform product, which is equipped with 4 transmitting antennas and 4 receiving antennas. Combining self-researched antenna arrays, DDMA frequency-hopping waveforms, and post-processing algorithms, there have been significant improvements in detection distance, angle measurement accuracy, angular resolution, pitch detection, and other perceptual capabilities. It supports outputting 4D (distance, speed, horizontal angle, pitch angle) point clouds and tracking target information, meeting the requirements of L2~L3 level Asia Vets Driving Systems for Radar perception.
Jingwei Hengrun (688326.SH): plans to spend 0.1 billion to -0.2 billion yuan to repurchase shares.
On January 10, Gelonghui reported that Jingwei Hengrun (688326.SH) announced that the company plans to repurchase part of its issued ordinary shares (A-shares) through centralized bidding. This repurchase is based on maintaining the company's value and the rights and interests of the Shareholders. The total amount of funds for the repurchase will not be less than 100 million yuan (including this amount) and not more than 200 million yuan (including this amount). The repurchase price will not exceed 130 yuan/share (including this amount).
Jingwei Hengrun (688326.SH): Related projects have already landed in the low-altitude economy field.
On November 28, Gelonghui reported that Jingwei Hengrun (688326.SH) stated on the investor interaction platform that the company is conducting a trial operation project for manned microbuses in the city, focusing on the practical needs of smart connected vehicles and self-driving car operation scenarios. This is based on the national background of vehicle-road-cloud technology, utilizing the technical solutions accumulated in the port over the past few years. The company's automotive electronics products, R&D services, and solutions can be applied to fields such as flying cars in the low-altitude economy, and the simulation testing platform is one of the company's important R&D service and solution businesses, with relevant projects already implemented in the low-altitude economy.