What is the customer structure and new order development status of the company’s automotive electronics business?

Huayang Group's answer: In the first half of this year, the company's customer structure continued to optimize, the number of major customers increased, and the operating income of customers such as Changan, Chery, Geely, Changan Ford, JAC, and SAIC increased significantly year-on-year. In terms of order development, the customer base continued to expand, breaking through new customers such as Volkswagen SCANIA, FAW Toyota, and SAIC Volkswagen, and taking on a large number of new order projects; the proportion of new energy vehicle orders continued to increase; and a number of key overseas platform export projects were obtained; since 2023, the company has accepted factory inspections by many joint ventures and overseas car companies and participated in product project bidding. Recently, new breakthroughs have been made in order development, including cockpit domain control, digital acoustic system, screen display, infotainment system, LCD instrument, in-vehicle wireless charging and other products have recently obtained new designated projects, broadening the cooperative product categories with customers such as Changan Mazda, Geely, FAW, Chery, and Weilai, and taking on new order projects from customers such as Stellantis Group and Changan.