Yutong Optics' automotive business gross profit margin leads, while smart home revenue declines

Although the smart home business is still the second largest source of revenue for Yutong Optics, its revenue and gross profit margin have both declined. In contrast, the in-vehicle business has shown strong growth momentum, with revenue of approximately 220 million yuan in 2023, a year-on-year increase of 192.92%, and a gross profit margin of 28.78%, becoming the company's main source of profit.