Ideal Auto released its first half 2024 financial report, with revenue growth but net profit decline

According to the first half of 2024 financial report released by Ideal Auto, the company's revenue reached 54.57 billion yuan, a year-on-year increase of 20.8%. However, net profit fell by 47.8% to 1.69 billion yuan. The adjusted net profit was 1.65 billion yuan, a year-on-year decrease of 47.2%. Despite the increase in revenue, the profit per vehicle has dropped significantly.