Wuhan Hongtu's revenue will exceed 1 billion yuan in 2023

Wuhan Hongtu is rapidly advancing a large-scale integrated lightweight automotive parts intelligent manufacturing project with a planned investment of 588 million yuan, mainly producing new energy vehicle-related parts. The project is expected to be completed in 2025, when the annual production capacity of aluminum alloy die-castings will be greatly increased to 30,000 tons. Wuhan Hongtu has successfully laid out the production lines of new energy "three electric" (battery, electronic control, motor) housings and automotive parts, making the company's revenue exceed 1 billion yuan in 2023, and achieved nearly double-digit growth in the first quarter of this year. Overseas business revenue accounts for more than 10%. The company is also actively deploying new areas, such as transportation tracks, energy storage, etc., to respond to new changes and new demands in the market.