On March 18th, Xiaoniu Electric released its financial reports for the fourth quarter and full year of 2023. The data shows that in the fourth quarter of 2023, Xiaoniu Electric's revenue was 479 million yuan, a year-on-year decrease of 21.8%, with an adjusted net loss of 122 million yuan, a year-on-year increase of 367%. In 2023, Xiaoniu Electric's revenue was 2.652 billion yuan, a year-on-year decrease of 16.3%, with an adjusted net loss of 224 million yuan. This data shows that in 2022, the adjusted net profit was 8.8 million yuan.