On October 10, Celes announced its performance forecast for the first three quarters of 2024, showing that the company ushered in a significant performance rebound. Data show that Celes is expected to achieve operating revenue of 103 billion to 110 billion yuan in the first three quarters, an increase of 518% to 559%. The company's net profit has successfully turned from a huge loss in the same period last year, and is expected to achieve a net profit of 3.5 billion to 4.1 billion yuan.

In the same period last year, the performance of Celis was not ideal, the total profit was -3.37 billion yuan, and the net profit attributable to shareholders of listed companies was -2.29 billion yuan. The main drivers of this counterattack include significant volume and revenue growth, especially the restructuring of high-value products to improve profitability. The company adheres to technological innovation and refined management, which further improves the overall operating efficiency and significantly increases the gross profit margin.

It is worth mentioning that Celis delivered 39,931 new cars in September, of which the AITO series was outstanding, with 35,560 deliveries. In particular, the M9 series SUV of Q Jie has topped the sales of luxury models above 500,000 yuan in China for six consecutive months.

The results preview shows the all-round breakthroughs in products, technology and management of Celes, and the potential for future growth.

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