The company's revenue growth rate in Q1 2024 was 24%, which was lower than that in 2023. Given the high growth rate of terminal sales of major downstream customers (Chery, etc.), it seems a bit low. What is the specific reason? Thank you.

2025-01-02 00:56
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Bethel: Hello! The company's revenue in Q1 2023 will be higher than that in Q1 2024 due to the rapid growth of revenue from new steering products. Braking system and steering system products account for the majority of Chery's customers, and the revenue growth trend is basically the same as Chery's growth trend. It is expected that the company will benefit from the rapid growth of Chery's customers in 2024 and achieve good growth. Thank you for your attention!