AutoLink's 2023 performance is lower than expected, facing profit pressure

Although the revenue of Autolink in the first half of 2023 exceeded that of the previous year, the actual performance did not meet the expected target. From January to June 2023, the shipment volume of Autolink 8155 cockpit domain controller was about 164,000 units, and the total shipment volume for the whole year was 620,000 units, covering more than 20 main models of brands such as Great Wall, GAC, Geely, Chery, and BYD. However, the capacity utilization rate of the first phase of the factory has not yet reached 70%, and the high asset-liability ratio of Autolink (still more than 80% in 2023) has brought continuous risks.