Autel Intelligent Technology Corp., Ltd. (688208.SH) issued a profit forecast, with an expected net profit of 620 million to 680 million yuan in 2024, representing a year-on-year growth of 245.92% to 279.39%.

Autel Intelligent Technology Corp., Ltd. (688208.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 6.2 billion to 6.8 billion yuan in the year 2024, an increase of 245.92% to 279.39% compared to the previous year. During the reporting period, the company's digital repair business achieved operating income of approximately 2.95 billion to 3.09 billion yuan. During the reporting period, the company's digital energy business achieved operating income of approximately 0.83 billion to 0.89 billion yuan. In the fourth quarter of 2024, the company continued to promote technological innovation and product iteration in its digital repair and digital energy businesses, and increased its research and development investment in smart solutions for integrated air and ground clusters by approximately 50 million yuan compared to the previous quarter. Additionally, due to the implementation of a restricted stock incentive plan in 2024, the company incurred stock payment expenses of approximately 13 million yuan in the fourth quarter, which had a certain impact on the net profit for the period.