Guangdong Hongtu's revenue is expected to grow by 5.76% in 2024

Guangdong Hongtu released its 2024 annual performance report, which showed that its annual operating income reached 8.053 billion yuan, a year-on-year increase of 5.76%. However, the net profit was 416 million yuan, a year-on-year decrease of 1.65%. This revenue growth is mainly attributed to the company's active response to the dynamic changes in the automotive market, close tracking of customer needs, enhanced market expansion, accelerated new product research and development and technology accumulation, and continued promotion of product transformation and upgrading and structural optimization.