In 2022, the company's operating income from new energy vehicles and hybrid components grew rapidly. How is the market expansion situation?

Fulin Precision's answer: In 2022, the market expansion and project acquisition of new energy vehicles and hybrid parts have made great progress, laying a solid foundation for the accelerated growth of subsequent new energy vehicles and hybrid parts business. The specific situation is as follows: (1) The 600W, 400W, 450W, and 200W electronic water pump series have been mass-produced by Geely Auto and Great Wall Motors, and have been newly designated by multiple customer projects such as BYD, Changan Automobile, Chery Automobile, Liuzhou Saike and mainstream new forces range extenders; (2) The intelligent thermal management integrated module has been newly designated by the pure electric new force project; the designated range extender new force project is in normal delivery and conversion, and is expected to be mass-produced in 2023; (3) The electronic oil pump supplies high-efficiency oil-cooled electric drive series powertrains and enters mass production; the designated pure electric mainstream new force oil pump has been successfully delivered and is expected to be put into production in 2023; the next-generation technology oil pump samples have been delivered to mainstream new force customers for testing; (4) The supporting joint electronic delivery The reducers for mainstream extended-range new forces and the reducer projects for powerful new forces with oil-cooled electric drives have been officially put into mass production, and revenue has gradually expanded; (5) The gear shaft industry has obtained the mainstream customer Weibang and the extended-range mainstream new force all-in-one project and has been officially designated, and multiple mainstream projects have participated in the delivery of samples, which has been fully recognized by first-line customers; (6) The intelligent suspension CDC solenoid valve has been successfully put into mass production through the shock absorber assembly manufacturer equipped with Dongfeng Lantu and other projects, and has obtained the Ningjiang Shanchuan and Xijian new project designation, and the terminal supply is SAIC, Changan and Hongqi as well as new energy leading enterprise projects; the new energy leader BYD company project that has been designated is progressing smoothly and is expected to be put into mass production in 2023; (7) The solenoid valve has been designated by BYD DMi hybrid transmission solenoid valve project, and the transformation is being accelerated; (8) The electric VVT has been designated by BYD's new DMI hybrid engine and Ideal hybrid engine and other mainstream projects, and the GAC Passenger Car electric VVT project has been officially put into mass production.