Huayang Group's operating income will exceed 10 billion in 2024

Huayang Group released its 2024 performance report. Its main business - automotive electronics and precision die-casting performed well, enabling the company's operating income to successfully break through the 10 billion yuan mark, reaching 10.158 billion yuan, a year-on-year increase of 42.33%. Net profit was 651 million yuan, a year-on-year increase of 40.13%. Huayang Group's automotive electronics business revenue reached 7.603 billion yuan, a year-on-year increase of 57.55%. The sales of mature products such as car displays, HUD (head-up display), wireless charging, and car cameras have increased significantly, while new products such as cockpit domain controllers, digital keys, and electronic rearview mirrors have also quickly opened up the market. Huayang Group's precision die-casting business continued to maintain a growth trend, achieving operating income of 2.065 billion yuan, a year-on-year increase of 24.39%. The business's revenue from related parts for automotive intelligence (laser radar, central control screen, domain control, HUD, etc.), new energy vehicle electric drive system parts, optical communication modules, and automotive high-speed and high-frequency connectors has increased significantly year-on-year.