Huayu Automotive's revenue increased slightly in the first quarter of 2024, but its net profit declined

The first quarter report released by Huayu Automotive Systems Co., Ltd. on April 27, 2024 showed that the company achieved operating income of 37.021 billion yuan during the reporting period, an increase of 0.56% over the same period last year. However, the net profit attributable to shareholders of the listed company was 1.263 billion yuan, a year-on-year decrease of 11.93%. In addition, the net profit after deducting non-recurring gains and losses was 1.085 billion yuan, a year-on-year decrease of 7.87%.