MINIEYE reports 37.4% YoY growth in 2024 annual revenue

Beijing (Gasgoo)- On March 28, intelligent automotive solution provider MINIEYE released its 2024 annual financial report, marking its first high-growth and high-quality performance since going public. The company reported total revenue of 654 million yuan for the year, reflecting a 37.4% year-on-year surge.

Photo credit: MINIEYE

MINIEYE's intelligent driving solutions remained its primary revenue driver, generating 484 million yuan in 2024, up 25.2% year-on-year. Meanwhile, revenue from intelligent cockpit solutions surged from 18 million yuan to 104 million yuan, which represented an impressive 467.8% soar from a year ago.

Alongside strong revenue growth, the company also improved profitability. Gross profit rose 54% from the year-ago period to 105 million yuan in 2024, while adjusted net loss narrowed by 9.8% to 167 million yuan from 185 million yuan in 2023. As of December 31, 2024, MINIEYE's products were deployed through mass-production projects with 35 automakers, demonstrating initial economies of scale.  

Beyond consolidating its domestic market presence, MINIEYE is actively advancing its global strategy. The company's solutions have been adopted by multiple automakers for export models, reaching markets including the EU, Australia, Singapore, Malaysia, India, Dubai, and Turkey. Additionally, MINIEYE is collaborating directly with global industry leaders, including a major Tier 1 supplier, to enter international OEM supply chains. It has also established a subsidiary in Singapore to enhance technical services and business development.  

In February this year, MINIEYE delivered an L4 autonomous minibus, achieving a breakthrough in end-to-end AI models. In March, it incorporated a robotics subsidiary, entering the robotics sector. Moving forward, the company will focus on technological innovation and global expansion, leveraging an "autonomous driving + robotics" dual-growth strategy to drive sustained development.