According to the GLONGHUI July 7 | Oriental Wealth Securities Research Report, Tianrun Industrial (002283.SZ) expects net profit of 197-223 million yuan to increase 50%-70% year-on-year in the first half of 2023. The effect of product volume scale combined with cost reduction and efficiency increased efficiency showed high year-on-year growth in Q2 single-quarter profit. With the steady improvement of China's macroeconomic economy and economy, steady growth in infrastructure investment compounded by a gradual recovery in road logistics, the certainty that heavy trucks will recover has strengthened. As a domestic leader in crankshafts and connecting rods for medium and heavy trucks, the company is seizing opportunities for industry recovery. In addition, the company joined hands with Mandu to develop electric steering devices for commercial vehicles. The diversified layout empowers long-term growth and further opens up the company's long-term growth space. In the short term, the macroeconomy is gradually picking up, and commercial vehicle market demand is expected to experience restorative growth, and the company will fully benefit; in the medium to long term, crankshaft products are expected to continue to increase their market share in the light engine sector, and air suspension products are expected to continue to penetrate the commercial vehicle sector. Maintaining the company's revenue expectations for 2023-2025 of $4.381, 52.58, and $6.362 billion, respectively, and net profit of $3.19, 4.59, and $617 million respectively, the corresponding EPS was $0.28, 0.40, and $0.54, respectively, and the corresponding PE was 24, 17, and 12, respectively, maintaining the “increase holdings” rating.