Incremental automotive parts are an important profit growth point for the company. What is the value and profit level of each vehicle corresponding to the main products?

Fulin Precision's answer: The value of a single vehicle depends mainly on the customer and the model. Each model is different, and the value of a single vehicle is different. As the company's products continue to penetrate and enter the market models, the value of a single vehicle will increase accordingly. The company's automotive parts revenue in the first half of 2023 was approximately 1.253 billion, with a gross profit margin of 28%. The gross profit margin of incremental parts is divided by product, and the gross profit margin of different products varies. It is related to the market structure, product shipments and the market position of the company's products. The company's products with a higher market share and products that are currently in the "domestic substitution" stage will have strong support for gross profit margins.