How does the company view its current cooperation with mainstream new energy vehicle companies?

Fulin Precision's answer: The layout of the company's intelligent electronic control system is based on the company's advantages in precision manufacturing of traditional automotive parts. Therefore, the cooperation with new energy vehicle companies is not only the intelligent electronic control sector. Traditional parts, as the supporting sector for the company's performance, also have related cooperation with new energy vehicle companies. In the first half of 2022, the company's electric VVT was designated for BYD hybrid engines and range extender projects of mainstream new forces. As BYD's DMI super hybrid is recognized by consumers, many domestic OEMs such as Geely, Great Wall, and Changan quickly followed up, forming huge opportunities and market advantages for automotive parts companies with EVVT, electronic main water pumps, variable displacement oil pump solenoid valves, rocker arm hydraulic tappets, etc. with high-efficiency engines, as well as DHT (DMI) assemblies and their components (electronic oil pumps, solenoid valves, gear shafts, differentials, etc.) development and manufacturing capabilities. The company has first-mover advantages in the technical reserves and customer resources of electric VVT and the aforementioned intelligent electronic control components, and is more competitive in terms of high-threshold technical conditions.