On the evening of January 5, Autel Technology (688208. SH) announced that it will achieve a significant increase in net profit attributable to owners of the parent company in 2024, which is expected to reach 620 million to 680 million yuan, a year-on-year increase of 245.92% to 279.39%. The company, which focuses on new energy and automotive electronics, has once again consolidated its leading position in the industry with its continuous innovation in the digital repair business.

Annoncer expects revenue from its digital repair business to reach $2.950 billion to $3.090 billion in 2024, while its digital energy business will also contribute $830 million to $890 million in revenue. This shows that with its strong product and technological innovation advantages, Autel Technology continues to promote the digital transformation of the whole process of automotive diagnosis and maintenance.

With the rapid development of artificial intelligence, Autel Technology has keenly applied generative AI technology to comprehensive diagnostic testing and new energy battery testing solutions, significantly improving the efficiency and user experience of automotive fault diagnosis. Relevant analysis points out that the company has successfully built a series of products with strong compatibility and wide coverage around promoting the intelligence of the automotive aftermarket, forming continuous technical barriers and driving the industry to develop in a more efficient direction.

With its excellent technical strength, the digital repair components of Autel Technology occupy a clear advantage in the market and become an important pillar of profit flow and cash flow. According to the analysis of Soochow Securities, with the deep cultivation of Taotong Technology in the North American and European markets, the industry position of the digital repair business will be more stable.

In addition, with the global demand for new energy charging, Autel Technology has also shown great potential in the digital energy business, and is committed to building end-to-end intelligent charging network solutions and combining AI technology to promote the modernization of energy management methods.

In short, 2024 will be a year full of opportunities and challenges for Autel Technology, and the company's continuous breakthroughs in the two business fields of digital maintenance and energy management will undoubtedly achieve its unique position in the automotive aftermarket, and also bring considerable expectations and imagination to relevant investors.