Suzhou Guangyu increased its R&D investment in 2023, resulting in a full-year loss

Suzhou Guangyu, which mainly engages in intelligent driving business, achieved revenue of 58.5368 million yuan and a net profit loss of 8.9271 million yuan in 2023. The reason was that its wholly-owned subsidiary Guangyu Mingsheng increased its R&D investment this year, resulting in an annual loss.