Wanfeng Auto released its semi-annual report, with steady performance in its lightweight automotive metal parts business

Wanfeng Auto released its 2024 semi-annual report, which shows that the company is committed to becoming a promoter of lightweight automotive metal parts and a global leader in innovative manufacturing of general aircraft under its industrial positioning in the field of large transportation. Although affected by the delisting of Wuxi Xiongwei, the company's automotive metal parts lightweight business saw a year-on-year decrease in operating income of 2.22% during the reporting period, but orders were sufficient and sales increased year-on-year. The company has improved the profitability of its overall business by optimizing its customer structure, promoting the digital management upgrade of production lines, improving production efficiency, strengthening bulk material procurement and raw material inventory control, and increasing research and development of lightweight metal application technologies.