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Gotion High-tech's operating profit up 391% in 2023, nearly RMB 2.8 billion invested in R&D for the year

Newswire.ca - Sat Apr 20, 1:56AM CDT

HEFEI, China, April 20, 2024 /CNW/ -- On the evening of 19 April, Gotion High-tech (002074) released its 2023 annual report. The company achieved operating revenue of RMB 31.605 billion, an increase of 37.11% YoY; operating profit of RMB 975 million, an increase of 390.92% YoY; and net profit attributable to the owner of the listed company of RMB 939 million, an increase of 201.28% YoY. The company's net cash flows from operating activities was RMB 2.419 billion, up 201.86% YoY.

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