Autozi Internet Technology (Global) Ltd. Achieves Revenue of $124.7 million, Up 9.9% Year-on-Year in FY2024
Autozi Internet Technology (AZI) reported strong financial results for FY2024, with revenue reaching $124.7 million, up 9.9% year-over-year. The company's gross profit surged by 152.6%, while operating expenses decreased by 14.3% to $6.7 million. Auto parts and accessories sales showed exceptional performance with an 86.1% revenue increase, contributing 55% of total revenue.
The company has undergone strategic transformation, discontinuing its automobile insurance service and reducing new car sales to focus on auto parts and accessories. Autozi has expanded its network by partnering with 12 provincial distributors and establishing logistics cooperation in 8 provinces. The company leverages AI, big data, and IoT to enhance its supply chain cloud platform while implementing strict cost control measures.
[ "Revenue increased 9.9% YoY to $124.7 million in FY2024", "Gross profit surged 152.6% YoY", "Operating expenses reduced by 14.3% to $6.7 million", "Auto parts and accessories sales revenue grew 86.1%, representing 55% of total revenue", "Expanded network with 12 new provincial distributors and logistics cooperation in 8 provinces" ]Autozi Internet Technology (AZI) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con ricavi che hanno raggiunto i 124,7 milioni di dollari, in crescita del 9,9% rispetto all'anno precedente. Il profitto lordo dell'azienda 猫 aumentato del 152,6%, mentre le spese operative sono diminuite del 14,3%, attestandosi a 6,7 milioni di dollari. Le vendite di ricambi e accessori per auto hanno registrato una performance eccezionale con un aumento del 86,1% dei ricavi, contribuendo al 55% del fatturato totale.
L'azienda ha intrapreso una trasformazione strategica, interrompendo il servizio di assicurazione auto e riducendo le vendite di auto nuove per concentrarsi su ricambi e accessori. Autozi ha ampliato la sua rete collaborando con 12 distributori provinciali e instaurando cooperazioni logistiche in 8 province. L'azienda sfrutta l'intelligenza artificiale, i big data e l'IoT per migliorare la sua piattaforma cloud per la supply chain, implementando al contempo rigorose misure di controllo dei costi.
Autozi Internet Technology (AZI) report贸 s贸lidos resultados financieros para el a帽o fiscal 2024, con ingresos que alcanzaron los 124,7 millones de d贸lares, un aumento del 9,9% interanual. La ganancia bruta de la empresa se dispar贸 un 152,6%, mientras que los gastos operativos disminuyeron un 14,3%, situ谩ndose en 6,7 millones de d贸lares. Las ventas de repuestos y accesorios para autos mostraron un rendimiento excepcional con un incremento del 86,1% en ingresos, representando el 55% del total de ingresos.
La compa帽铆a ha llevado a cabo una transformaci贸n estrat茅gica, discontinuando su servicio de seguros de autom贸viles y reduciendo la venta de autos nuevos para centrarse en repuestos y accesorios. Autozi ha ampliado su red asoci谩ndose con 12 distribuidores provinciales y estableciendo cooperaci贸n log铆stica en 8 provincias. La empresa utiliza inteligencia artificial, big data e IoT para mejorar su plataforma en la nube para la cadena de suministro, implementando al mismo tiempo estrictas medidas de control de costos.
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須岇偓電� 鞛愲彊彀� 氤错棙 靹滊箘鞀るゼ 欷戨嫧頃橁碃 鞁犾皑 韺愲Г毳� 於曥唽頃橂姅 鞝勲灥鞝� 氤�頇旊ゼ 瓯办硱 鞛愲彊彀� 攵�頀� 氚� 鞎§劯靹滊Μ鞐� 歆戩頃橁碃 鞛堨姷雼堧嫟. Autozi電� 12臧� 歆�氚� 鞙犿喌鞐呾泊鞕� 順戨牓頃橁碃 8臧� 歆�氚╈棎靹� 氍茧 順戨牓鞚� 甑稌頃橃棳 雱ろ姼鞗岉伂毳� 頇曥灔頄堨姷雼堧嫟. 霕愴暅 AI, 牍呺嵃鞚错劙, IoT毳� 頇滌毄頃� 瓿店笁毵� 韥措澕鞖半摐 頂岆灚韽检潉 臧曧檾頃橁碃 鞐勱博頃� 牍勳毄 韱奠牅 臁办箻毳� 鞁滍枆頃橁碃 鞛堨姷雼堧嫟.
Autozi Internet Technology (AZI) a annonc茅 de solides r茅sultats financiers pour l'exercice 2024, avec un chiffre d'affaires atteignant 124,7 millions de dollars, en hausse de 9,9 % par rapport 脿 l'ann茅e pr茅c茅dente. Le b茅n茅fice brut de l'entreprise a bondi de 152,6 %, tandis que les charges d'exploitation ont diminu茅 de 14,3 %, s'茅tablissant 脿 6,7 millions de dollars. Les ventes de pi猫ces d茅tach茅es et accessoires automobiles ont affich茅 une performance exceptionnelle avec une augmentation des revenus de 86,1 %, repr茅sentant 55 % du chiffre d'affaires total.
L'entreprise a entrepris une transformation strat茅gique, en arr锚tant son service d'assurance automobile et en r茅duisant les ventes de voitures neuves pour se concentrer sur les pi猫ces d茅tach茅es et accessoires. Autozi a 茅tendu son r茅seau en s'associant 脿 12 distributeurs provinciaux et en 茅tablissant une coop茅ration logistique dans 8 provinces. La soci茅t茅 exploite l'IA, le big data et l'IoT pour am茅liorer sa plateforme cloud de gestion de la cha卯ne d'approvisionnement tout en mettant en 艙uvre des mesures strictes de contr么le des co没ts.
Autozi Internet Technology (AZI) meldete starke Finanzergebnisse f眉r das Gesch盲ftsjahr 2024, mit einem Umsatz von 124,7 Millionen US-Dollar, was einem Anstieg von 9,9 % gegen眉ber dem Vorjahr entspricht. Der Bruttogewinn des Unternehmens stieg um 152,6 %, w盲hrend die Betriebsausgaben um 14,3 % auf 6,7 Millionen US-Dollar sanken. Der Umsatz mit Autoersatzteilen und Zubeh枚r zeigte eine au脽ergew枚hnliche Entwicklung mit einem Umsatzanstieg von 86,1 % und machte 55 % des Gesamtumsatzes aus.
Das Unternehmen hat eine strategische Transformation durchlaufen, den Automobilversicherungsdienst eingestellt und den Neuwagenverkauf reduziert, um sich auf Autoersatzteile und Zubeh枚r zu konzentrieren. Autozi hat sein Netzwerk erweitert, indem es Partnerschaften mit 12 Provinzvertrieben einging und logistische Kooperationen in 8 Provinzen etablierte. Das Unternehmen nutzt KI, Big Data und IoT, um seine Cloud-Plattform f眉r die Lieferkette zu verbessern und setzt gleichzeitig strenge Kostenkontrollma脽nahmen um.
- None.
- Discontinued automobile insurance service business
- Downsizing of new car sales business segment
Insights
Autozi shows mixed financial health with 9.9% revenue growth but tiny margins, pivoting strategically to higher-margin auto parts business.
Autozi reported
The company's strategic pivot is showing early promise. By terminating its automobile insurance service and downsizing new car sales to focus on auto parts and accessories, Autozi has positioned itself in a higher-margin segment that grew
Operating expenses decreased by
Autozi's supply chain expansion through partnerships with 12 provincial distributors and logistics cooperation across 8 provinces should help scale operations and potentially improve margins through greater efficiency. Their focus on digitalization, AI, and IoT integration in their supply chain platform represents a forward-thinking approach to gaining competitive advantage in the automotive aftermarket.
The company's hint at pursuing strategic acquisitions suggests management is looking for inorganic growth opportunities to accelerate their transformation, though without details on their cash position or debt levels, it's unclear how they would finance such moves while still operating at a loss.
Double Growth in Revenue and Gross Profit
According to the financial results, Autozi's revenue performance was solid, reaching
The performance of the auto parts and accessories sales business was particularly outstanding, with a significant increase of
Strategic Transformation and Business Optimization Yield聽Results
In order to deeply cultivate high-potential areas, Autozi has made a series of strategic adjustments: it terminated its automobile insurance service business at the end of FY2023, and gradually downsized its new car sales business in FY2024, with a full strategic focus on the sales of auto parts and accessories.
The company proactively adapted to market shifts by leveraging advanced technologies, such as artificial intelligence, big data and the Internet of Things, to continuously improve the responsiveness of its supply chain cloud platform. Meanwhile, it continued to optimize its cost structure and enforce rigorous cost control policies, while improving operational efficiency to comprehensively boost profitability.
In addition, the company is actively expanding its cooperation network. In recent months, Autozi has entered into cooperation with 12 provincial distributors, and established logistics cooperation in 8 provinces, enhancing its market coverage and supply chain efficiency.
Promoting Supply Chain Digitalization and Intelligence Upgrade
Dr. Houqi Zhang, Founder, Chairman, and Chief Executive Officer of Autozi commented, "We are actively exploring opportunities to expand our multi-business ecosystem, pursuing strategic acquisitions in key verticals to strengthen our leadership in the industry. We remain committed to optimizing our capital structure to ensure a robust financial position, to support our long-term strategic objectives and create sustainable value for our shareholders."
In the future, Autozi will continue to work on the automotive aftermarket parts supply chain cloud platform,to drive the industry's digital upgrading and supply chain innovation. Backed by enhanced digital capabilities and an expanding partner network, the company is expected to maintain a solid growth trend in the coming years.
础产辞耻迟听础耻迟辞锄颈
Autozi Internet Technology (Global) Ltd.聽is a leading, fast-growing provider of lifecycle automotive services in聽China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Contact Information
Autozi Internet Technology (Global) Ltd.
Ms. June Wang
Email: [email protected]
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SOURCE Autozi Internet Technology (Global) Ltd.
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