Ankai Bus will turn losses into profits in 2024, and its annual sales will outperform the industry growth rate

Ankai Bus will achieve a turnaround in net profit attributable to the parent company in 2024, and is expected to achieve a full-year net profit attributable to the parent company of 8 million to 12 million yuan. The main reason is that the demand in the passenger transport market has increased, customer orders have increased compared with the same period last year, and the company's sales have increased. In addition, the company has improved its business management, strengthened budget control, and reduced financial expenses. At the same time, the company has strengthened the management and collection of accounts receivable, and some accounts receivable with longer ages have been recovered, and the credit impairment loss has increased in this period. According to data from the Bus Information Network, in 2024, the industry sold a total of 126,064 buses over 6 meters, a year-on-year increase of 33.4%. Ankai Bus achieved bus sales of 5,837 units in 2024, a year-on-year increase of 34.9%, outperforming the industry growth rate.