Baolong Technology's traditional business maintained steady growth, and its sensor and ADAS businesses have promising prospects

Baolong Technology's traditional business has a leading global market share and a solid foundation. At the same time, the company's sensor and ADAS businesses also show good development prospects. In 2023, the revenue of TPMS transmitters reached 1.91 billion yuan, a year-on-year increase of 29.3%; the sales volume of vehicle valves was 220 million, with revenue of 780 million yuan, a year-on-year increase of 9.6%; the metal pipe business benefited from the trend of lightweight industry, with revenue of 1.42 billion yuan, a year-on-year increase of 6.1%.