Huahong's performance in 2024 is stable, and we expect the market to pick up in 2025

Huahong will achieve sales revenue of US$2.004 billion and a full-year gross profit margin of 10.2% in 2024. Despite the weak performance of some market sectors, the company remains cautiously optimistic and expects the market to pick up in 2025. The company will increase its R&D efforts and launch new products to meet the changing needs of the market.