Chervon Automotive's revenue will grow in 2023, with new energy business accounting for a larger proportion

Nanjing Quanfeng Automotive Precision Technology Co., Ltd.'s revenue in 2023 was 2.135 billion yuan, a year-on-year increase of 22.37%, with new energy business accounting for 55%. However, the net profit loss was 565 million yuan. In addition, the production capacity of the Ma'anshan production base in Anhui was released, and the annual output value reached 538 million yuan, which became a powerful supplement to the production capacity of the company's Nanjing headquarters base. In the first quarter of 2024, the company's revenue was 504 million yuan, a year-on-year increase of 12.83%.