Keboda's third quarter 2024 results exceeded expectations, with continued breakthroughs in new products and new customers

Keboda's performance in the third quarter of 2024 exceeded market expectations. The company achieved revenue of 4.273 billion yuan in the first three quarters, a year-on-year increase of 33.79%. The net profit attributable to the parent reached 607 million yuan, a year-on-year increase of 33.24%. This growth is mainly due to the company's cooperation with the leading companies in the new car-making forces, as well as the launch of new products and the acquisition of new customers. For example, Ideal Auto has become the company's fourth largest customer, with sales of approximately 300 million yuan, a year-on-year increase of 157.5%. In addition, the company has obtained 43 new designated projects worldwide, including Volkswagen Global, BMW, Mercedes-Benz, Audi and other customers.