Jiangte Motor announced its 2024 annual performance forecast on January 13, anticipating a net loss in the range of RMB 236 million to RMB 285 million for the entire year. This represents a significant reduction of 28.2% to 40.54% compared to the net loss of RMB 397 million recorded in the previous year. Excluding non-recurring gains and losses, the company expects a net loss of RMB 435 million to RMB 480 million, reflecting a decrease of 4.2% to 13.18% from the RMB 501 million loss in the prior year.
