Wencan Co., Ltd.’s performance has reached an inflection point, and M9 has made significant contributions

In the first quarter, Wencan shares achieved a turning point in profitability by relying on overseas assets, contributing about 26 million yuan in profits. In the second quarter, the company continued to maintain its profitability, benefiting from the launch of the Seres M9 model, whose single-vehicle value reached 10,000 yuan. In addition, the sales growth of Weilai, the company's second largest customer, also contributed to the performance recovery. It is expected that the company's revenue and net profit will increase significantly month-on-month in the second quarter, and the profit for the quarter is expected to reach 120 million yuan.