XINRI E-VEHICLE issued a profit warning, expecting a net profit of 25.6 million to 26.3 million yuan in 2024, a year-on-year decrease of 70% to 71%
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XINRI E-VEHICLE expects a net profit of 25.6 million to 26.3 million yuan in 2024, a year-on-year decrease of 70% to 71%. Despite an improvement in product gross margin, the net profit has significantly declined due to complex market regulation, intensified industry competition, and a decrease in sales scale. The company's resource investment in channel expansion and lean improvement has also affected profit performance
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