Jingwei Hengrun's 2023 annual performance forecast is a loss, and R&D investment will increase

Chinese local supplier Jingwei Hirain recently released its 2023 annual performance forecast, predicting a full-year net loss of 185 million to 222 million yuan, a year-on-year decrease of 179% to 195%. This loss is mainly due to the company's increased investment in R&D resources in the fields of automotive intelligence and electrification, an increase of more than 1,000 R&D and technical personnel, and an increase of 312 million yuan in R&D expenses over the same period, an increase of 47.65%.