Hangsheng Electronics' annual sales will exceed 10 billion yuan

Hangsheng's most difficult time was in 2007, when domestic automakers and their suppliers increased production but not revenue. Hangsheng's sales revenue was as high as 2 billion yuan, but its profit fell to 50 million yuan. It is expected that during the "14th Five-Year Plan" period, Hangsheng's annual sales will exceed 10 billion yuan, and its annual production and sales will exceed 10 million units (sets), achieving an 8% profit margin. In terms of intelligent driving, Hangsheng began to lay out 10 years ago. In 2010, it established the Intelligent Driving Research Institute (then the Control Electronics Research Institute). With the development and application of technologies such as artificial intelligence, Hangsheng has achieved fruitful results in the fields of assisted driving, automatic parking, and driver management system (DMS).