The 2024 annual financial report of Youjia Innovation (2431.HK) reveals that the company's total revenue for the year surged to RMB 654 million, marking a robust 37.4% increase from the previous year. Specifically, revenue from intelligent driving solutions amounted to RMB 484 million, representing a 25.2% year-over-year growth. Notably, revenue from intelligent cockpit solutions skyrocketed by 467.8% to RMB 104 million. The company's gross profit increased by 54% to RMB 105 million, while the adjusted net loss narrowed by 9.8% to RMB 167 million. Furthermore, Youjia Innovation has successfully achieved mass production for 35 vehicle manufacturers.
