China Automotive Engineering Research Institute Co., Ltd. reported earnings results for the full year ended December 31, 2024. For the full year, the company reported sales was CNY 4,697.71 million compared to CNY 4,096.25 million a year ago. Net income was CNY 914.18 million compared to CNY 836.17 million a year ago.
Basic earnings per share from continuing operations was CNY 0.92 compared to CNY 0.85 a year ago.
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO.,LTD is a China-based company primarily engaged in the automobile technical support and industrial manufacturing. Automobile Technical Support segment includes technology research and development, technical consulting, technology services, and vehicle test and evaluation. Industrial Manufacturing segment is involved in the design, development, manufacture and sale of special vehicles, gas-driven vehicle systems, rail transit key components, vehicle detection equipment, electric vehicle hybrid power systems and key components and aftertreatment systems, among other products.
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