Wencan Holdings' subsidiary received an order from a well-known German vehicle manufacturer, with sales of RMB 700 million to 800 million

Tianjin Xiongbang Die Casting Co., Ltd., a subsidiary of Wencan Holdings, recently received a designated notice from a well-known German vehicle manufacturer to become its motor housing supplier and supply the German factory. The project is expected to be mass-produced in the second quarter of 2026, with a life cycle of 5 years and total sales of approximately RMB 700 million to 800 million. Wencan Holdings achieved operating income of RMB 1.48 billion in the first quarter of 2024, a year-on-year increase of 16.33%; net profit attributable to shareholders of listed companies was RMB 62.0625 million, a year-on-year increase of 2344.25%.