Jinhai Industry.
Shi Qianxi quietly examined the financial report that had just been handed over, her once expressive face now calm and composed.
The group's Executive Vice President, the head of Chenguang Automobile, and a loyalist from the era of Shi Zhenhua, Yu Qingfeng sat upright and tense at the desk, waiting for his once "niece" to review the report card.
"Uncle Yu, when can our second model come out?"
Shi Qianxi asked while flipping through the pages.
It's been close to a year since the group shifted its strategic focus and made a push into the electric vehicle sector, and the results are clear as day in this report.
The only model released, Chenguang No.1, has reached a total of 62,800 units delivered, generating 20 billion in revenue.
However, due to gross profit and margin being below industry averages, and coupled with the ratio of R&D expenses, net income is actually not ideal.
To be precise.
It's in a loss state.
That's right.
A loss.
