Baolong Technology's air suspension business revenue will increase significantly in 2023

In 2023, Baolong Technology's air suspension business revenue reached 701 million yuan, a year-on-year increase of 174.75%. However, the gross profit margin was 24.57%, a year-on-year decline of 1.68 percentage points. This shows that although the company's performance in the air suspension field has grown rapidly, its profit margin has declined.