Wanfeng Aowei's revenue from lightweight metal parts business for automobiles reached 13.438 billion yuan

Wanfeng Aowei's automotive metal parts lightweight business achieved revenue of 13.438 billion yuan in 2023, down 6.52% from the same period last year. This decline was mainly due to the decline in the prices of raw materials aluminum ingots and magnesium ingots and the exclusion of Wuxi Xiongwei Company. Despite this, the gross profit margin of this business still increased to 18.33%, an increase of 1.30% year-on-year.