CFMOTO releases 2023 annual report and 2024 first quarter report

CFMOTO released its 2023 annual report and the first quarter report of 2024. In 2023, the company's revenue reached 12.11 billion yuan, a year-on-year increase of 6.4%; and its net profit attributable to the parent company was 1.01 billion yuan, a year-on-year increase of 43.7%. In the first quarter of 2024, the company's revenue was 3.06 billion yuan, a year-on-year increase of 6.3% and a month-on-month increase of 12.4%; its net profit attributable to the parent company was 280 million yuan, a year-on-year increase of 32.0% and a month-on-month increase of 35.0%, exceeding expectations.