Yilian Technology's revenue and net profit grew steadily, but profitability gradually weakened

Although Yilian Technology has achieved steady growth in revenue and net profit in recent years, its profitability has been gradually weakening. Due to the intensified competition in the new energy vehicle market, product prices and material supply have been affected to varying degrees. As a supplier of raw materials related to new energy vehicle power battery systems, Yilian Technology's product prices have also been affected. The company's battery cell connection components, low-voltage signal transmission components, power transmission components, and other FPC components have all experienced continuous year-on-year declines in gross profit margins.