Event: The company announced its performance report for the first half of 2015. Operating income increased 17.0% year on year and profit per share increased 20.0% year on year, in line with our expectations. The company announced its 2015 semi-annual report. In the first half of the year, the company achieved operating income of 715 million yuan, a year-on-year increase of 17.0%, net profit attributable to shareholders of listed companies of 37.26 million yuan, a year-on-year increase of 21.0%, net profit attributable to shareholders of listed companies deducted non-recurring profit and loss of 2,880 yuan, a year-on-year decrease of 4.8%, and net profit per share of 0.12 yuan, an increase of 20.0% over the previous year. The company's semi-annual report results are in line with our expectations. The steady increase in revenue from the company's traditional main business comes from the growth of the export market on the one hand, and the adjustment of the product structure on the other. More than 60% of the company's products are exported abroad, and the overseas market is mainly concentrated in the after-sales service market. Demand in this market is relatively stable and is not greatly affected by economic fluctuations. The company develops new markets, cultivates new customers, and increases order volume by strengthening communication with customers. Domestic demand for medium and heavy trucks fell sharply in the first half of the year, and due to the increase in after-sales costs, the company took the initiative to reduce the supply of truck brake hubs. At the same time, the company is actively developing independent brand passenger car enterprise customers, thereby making the brake disc business grow rapidly, which in turn drives an increase in revenue from the main business. The company's brake disc revenue in the first half of the year reached 75%, exceeding 58% in the same period last year. The gradual release of brake calipers in the second half of the year will increase the level of profitability. The company's “800,000 sets of brake calipers per year project” was officially put into operation on June 30, 2015. The products are mainly supplied to high-end European and American markets, and the commissioning of the project will further improve the company's existing product range, so that the company has basic production conditions for brake assemblies to meet the one-stop procurement needs of a wide range of overseas customers and major domestic automobile manufacturers. At the same time, due to the complex process and high technical content of this product, it has higher product added value and gross profit margin compared to traditional products, and will become a new profit growth point for the company, thus enhancing the company's core competitiveness and profit level.