Hotai Motor Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 11, 2024
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Hotai Motor Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was TWD 62,889.78 million compared to TWD 62,399.75 million a year ago. Revenue was TWD 72,411.31 million compared to TWD 71,623.74 million a year ago. Net income was TWD 5,871.62 million compared to TWD 7,046.97 million a year ago. Basic earnings per share from continuing operations was TWD 10.54 compared to TWD 12.65 a year ago. Diluted earnings per share from continuing operations was TWD 10.54 compared to TWD 12.65 a year ago.
For the six months, sales was TWD 123,847.95 million compared to TWD 121,715.13 million a year ago. Revenue was TWD 144,265.41 million compared to TWD 139,532.51 million a year ago. Net income was TWD 11,756.72 million compared to TWD 12,110.38 million a year ago. Basic earnings per share from continuing operations was TWD 21.1 compared to TWD 21.74 a year ago. Diluted earnings per share from continuing operations was TWD 21.09 compared to TWD 21.73 a year ago.
Hotai Motor Co Ltd is a Taiwan-based company principally engaged in the distribution of motor vehicles and relevant parts. The Company primarily provides passenger cars and business vehicles, with brands named LEXUS, TOYOTA and others, as well as large-sized vehicles, including trucks and passenger cars, with brands named HINO. In addition, it is involved in the provision of air conditioners for vehicles, vehicle leasing services and installment payment services, as well as parts and components for vehicles. The Company is also engaged in insurance business. The Company operates its businesses primarily in domestic market.
HOTAI MOTOR CO.,LTD. 
