Roadstar Technology: Steady development of automotive electronics business

In its 2024 semi-annual report, Luchang Technology stated that its automotive electronics business will continue to maintain an upward development trend. In the first half of 2024, the company achieved operating income of 135 million yuan, of which the revenue from smart cockpit products was 72.6871 million yuan, a year-on-year increase of 99.28%. The operating income of slag micropowder, smart imaging, smart networking and other products was 35.442 million yuan, 21.8687 million yuan, and 4.5331 million yuan, respectively, down 48.83%, 3.76%, and 64.22% year-on-year, respectively. Jiang Fucai, the company's general manager, emphasized that the company already has a stable layout and will not change the strategic development direction of the automotive electronics business.