Intelligent driving company Jingwei Hirain released its 2024 performance forecast

Smart driving company Jingwei Hirain released its 2024 performance forecast at the end of January, predicting that it will continue to make losses in 2024, with a net profit attributable to the parent company of -580 million to -450 million yuan. Compared with the same period last year, the loss amount increased by 230 million to 360 million yuan. According to the official statement of Jingwei Hirain, the reasons for the loss are: (1) the fierce market competition and the change in the company's revenue structure, the increase in the proportion of automotive electronics business revenue, resulting in a decline in the company's overall gross profit margin; (2) the company actively develops products and markets, and at the same time the number of employees in the company increases, and the corresponding R&D expenses, sales expenses, and administrative expenses increase; (3) the fair value changes of the upstream and downstream industrial chain enterprises invested by the company have a certain impact on the profit in the reporting period.