Baolong Technology's ADAS business revenue increased significantly

In 2024, the new fixed-point amount of Baolong Technology's ADAS business will exceed 500 million yuan, covering independent brands, new forces and joint venture car companies. In the third quarter of 2024, the revenue of ADAS-related business reached 265 million yuan, a year-on-year increase of 87%. Institutions predict that in 2025, with the increase in the volume of ADAS projects and the decrease in expense rates, the company's profit is expected to reach 610 million yuan, a year-on-year increase of more than 40%.