Experienced and excellent management team

[shapanwwuom]

This comprehensively reflects the strong capabilities of New Gonow RV in technological innovation and application practice, as well as its forward-looking layout in the field of electric RVs, which is expected to form a first-mover advantage and may continue to maintain its product attractiveness and market competitiveness in the future.

“Investing is investing in people” is an eternal topic in the market, which emphasizes the importance of the management team. The performance of Xinjiao RV in this regard is also eye-catching.

The prospectus shows that Mr. Miao Xuezhong, the founder, CEO and bc data philippines chairman of the board of directors of Xinjiao RV, has more than 25 years of experience in the automotive industry and rich management experience. Prior to this, Mr. Miao also founded the Gonow Group and worked for Geely Automobile, etc. He was once called "Geely's Young Marshal" by the outside world.

At the same time, the senior management team of Xinjiao RV is composed of senior people who are well versed in the industry and have rich experience in corporate strategy, technology development and investment. Members have an average of 10 years of experience in the RV industry and 20 years of experience in the broader automotive industry.

The combination of these advantages makes the new Gonow RV a unique presence in the RV market in Australia and New Zealand.

3. Achieve performance verification and improve profitability

The excellent performance, especially profitability, further verifies the good fundamentals and sustainability of the business model of New Gonow RV. In the Hong Kong stock market, value will eventually return to fundamentals and performance, thus reflecting its investment attractiveness.

The prospectus shows that from 2021 to 2023, New Jio RV achieved revenues of 300 million yuan, 499 million yuan, and 720 million yuan, maintaining a relatively rapid growth. The adjusted net profit was 25.1 million yuan, 33 million yuan, and 78.8 million yuan, respectively, increasing more than 2 times in three years, and profitability has increased significantly.