Top Group's Polish factory is profitable

Top Group's two factories in Poland focus on thermal management and chassis respectively, using advanced equipment and technology to achieve good cost control. Through localization strategies and capital outflows, Top Group has achieved returns beyond expectations in Poland and demonstrated competitive advantages in the new energy industry. In 2020, the company achieved revenue of 2.34 billion yuan from shock absorber products, accounting for 44% of total revenue; revenue from interior functional parts was 1.65 billion yuan, accounting for 31%; revenue from chassis systems was 1.05 billion yuan, accounting for 20%; and revenue from automotive electronics was 128 million yuan. The company has R&D centers in eight major cities around the world, including Shanghai and Detroit, and has manufacturing bases in Ningbo, Chongqing, Wuhan and other places. The company has established storage centers or manufacturing plants in the United States, Canada, Brazil, Malaysia and other countries, and factories in Poland and Mexico are also progressing in an orderly manner.