Gelonghui, November 21 | According to the Open Source Securities Research Report, Guoxuan Hi-Tech (002074.SZ)'s gross margin improved dramatically in the third quarter. Considering the company's leading overseas layout, the basic market base of support is stable in the future, and the profitability of the industry is expected to increase significantly after clearing, maintaining a “buy” rating. In 2023, the company's overseas business strengthened, and 2023H1 overseas business revenue was 3.06 billion yuan, +297% over the same period last year. The company has entered the Renault-Nissan-Mitsubishi Alliance supplier system and supplied goods, and has become a designated supplier for Volkswagen overseas markets. Furthermore, on October 24, Guoxuan of the United States completed a contract with the Michigan state government for the purchase of construction land and special subsidies from the state government, etc., and the production capacity layout is progressing ahead of the industry.