What is the future development trend of the company's traditional shock absorption and sealing business?

Zhongding shares answer: In 2021, the company's traditional shock absorption business and sealing business revenue were 2.759 billion yuan and 3.058 billion yuan respectively. In the future, it will continue to maintain a relatively stable development trend, and the industry market share will also steadily increase. The company's subsidiaries, Germany's KACO, the United States' Cooper, and the United States' ACUSHNET, have internationally leading sealing system technology. The company has currently developed and mass-produced new energy battery module sealing systems and electric bridge assemblies and other products to support new energy vehicle platforms such as Volvo, Weilai, SAIC, and GAC. As of December 31, 2021, KACO China's net profit reached 115.23 million yuan. Zhongding shock absorption, a wholly-owned subsidiary of the company, has a number of patents in bushings, top link plates, engine suspensions and other products. After acquiring Germany's 2WEGU, its core product, silicone dynamic vibration absorption technology, has been at the forefront of the global industry in the field of rubber vibration reduction and noise reduction. Since its establishment, its subsidiary Anhui Weigu has steadily improved its performance, with operating income of 210.92 million yuan in 2021 and a net profit of 25.41 million yuan.