YIZUMI Announces the Estimated Result for 2023

On January 19th, YIZUMI announces the estimated result for 2023. Its revenue from operations is expected to increase by 11.6 percent YoY to around 4.1 billion Yuan.

《YIZUMI 2023 Performance Estimation》

According to the estimation, YIZUMI's business performance in 2023 was strong with a tight and constant production schedule, meeting managements' expectations. Its revenue reaches new height with a steady increase.

In 2023, thanks to the great efforts of every staff, all business operations were effectively carried out. And the profit continued to rise as raw material prices fell.

The net profit attributable to shareholders is estimated to jump 11.7% to 23.5% to 501 million Yuan, against 453 million Yuan last year. The net profit before Non-recurring Gains and Losses is expected to be between 421 million and 466 million Yuan, with a 14.1% -26.2% increase year on year.

The rapid growth of the NEV market in 2023 has created new opportunities for the company. YIZUMI always focuses on technology development and innovation to seize every opportunity, constantly breaks through core technologies to drive product upgrades, providing more diverse products and services to worldwide customers, and establishing partnerships with more world leading companies.

Furthermore, YIZUMI actively and firmly promotes its globalization layout with new development strategies, and enhances its product and service competitiveness to better support global partners.

In the future, YIZUMI will closely adhere to the tagline "Think Tech Forward" and move forward on the way of "digitization, globalization, green and low-carbon".