On August 13th, Geelong announced that this year's focus is still on some independent brand auto companies such as BYD and Chery in terms of overall sales. Regarding integrated die casting, we currently have four super-large die-casting equipment in production for mass-produced project products, each corresponding to four models. At the same time, new products and customers are in the designated stage. Currently, the utilization rate of Guangzhou factory's production capacity has reached 80%, almost full load. The company has cooperated with the head of new energy auto firms, and is also docking with the head auto companies of North America overseas. At present, there are layouts and business development related to new energy autos both at home and abroad.

For the entire integrated die-casting, the gross profit situation depends on the planning of the entire production process. During the initial mass production stage, the product's profitability may be relatively low, but there is much room for improvement during the entire product life cycle. Our product's current yield rate and mass production situation are benchmarked with the industry's best parameters. The profit margin of the integrated die-casting product project will not be too much lower than that of traditional die-casting parts after reaching production capacity.