Xidi Zhijia's financial performance is strong, and autonomous driving business has become a growth engine

According to the prospectus of Xidi Zhijia, the company's total revenue from 2021 to 2023 was 77 million yuan, 31 million yuan and 133 million yuan, respectively, with a compound annual growth rate of 30.9%. Revenue in the first half of 2024 reached 258 million yuan, a year-on-year increase of 473%, mainly due to the rapid growth of autonomous driving business. In the past two and a half years, the proportion of Xidi Zhijia's R&D investment in revenue has shown a downward trend, from 144% in 2021 to 13.7% in the first half of 2024. Although the company is still in a loss-making state, the loss margin is gradually narrowing.