Reported about 1 year ago
Chin Sheng Technology, an automotive power and safety component manufacturer, announced a consolidated revenue of 603 million NT dollars for June 2024; a total of 1.855 billion NT dollars for Q2 2024, a 13.39% increase from the previous quarter and a 0.86% increase compared to last year; and a total of 34.92 billion NT dollars for January to June 2024, a 5.66% decrease from last year. The company attributes the growth in Q2 to the strong sales performance of Chinese domestic car brands in the new energy vehicle market, driving demand for the company's automotive components in electric vehicles. Looking ahead to Q3 2024, Chin Sheng Technology maintains a cautiously optimistic view based on current order backlog and demand from key automotive customers.
Source: YAHOO