Huayang Group expects to achieve a net profit of 136 million to 146 million yuan in the first quarter

Huayang Group expects to achieve a net profit attributable to shareholders of RMB 136 million to RMB 146 million in the first quarter of 2024, a year-on-year increase of 75.41% to 88.31%. This growth is mainly due to the rapid growth of the automotive electronics business and the continued expansion of intelligent-related parts projects in the precision die-casting business. In addition, the sales growth of the company's major customers such as Great Wall Motors, Changan Automobile, Chery Automobile and Geely Automobile also provided support for the company's performance growth in the first quarter.