Zhongding shares, how are the orders on hand this year?

Since entering the air suspension system business field in the 1990s, Zhongding Co., Ltd. has continuously improved its product assembly technology, has been deeply involved in the industry for more than 20 years, and has core technologies in the subdivided industry. As of now, the company's domestic air suspension business has received orders with a total output value of approximately 12.1 billion yuan, of which the total output value of assembly product orders is approximately 1.7 billion yuan. In the field of chassis lightweighting, it has the core technology of ball joint assembly. With the continuous advancement of the company's chassis lightweight system assembly product business, it has obtained orders from many traditional OEMs such as Mercedes-Benz, Changan, GAC, and BYD. While maintaining the steady development of its domestic lightweight business, the company is also actively deploying overseas lightweight markets. At present, the company's lightweight factories in Slovakia and Mexico are under orderly construction. In 2023, the company's lightweight business received a total of approximately 8.5 billion yuan in orders. At the same time, the company has been promoting the research and development and production of thermal management pipeline products. It has its own patented exclusive production technology, the creatube process, and the core technology of TPV hoses and nylon tubes. The company ranks among the top two in the world in its subdivided industry. In 2023, the company's thermal management system business received a total of approximately 12 billion yuan in orders.