Huayang Transmission Auto Parts Revenue Declined, Aluminum Ingot Revenue Increased Significantly

In the 2023 annual performance report, Huayang Transmission's auto parts revenue was 120 million yuan, a year-on-year decrease of 5.55%; while aluminum ingot revenue reached 202 million yuan, a year-on-year increase of 204.49%. The significant growth in aluminum ingot revenue was mainly due to the gradual release of production capacity in the aluminum ingot business and the increase in customer orders.