Changhua Holding Group (605018.SH) announced in the investor relations activity record on October 18th that in 2024, the company's overall revenue target is 2.7-3 billion yuan. The growth mainly comes from several aspects: First, the continuous increase in IPO investment projects; second, the production and volume increase of refinancing projects; third, the company continues to strengthen cooperation with new energy customers, increase the efforts in developing new customers. With the rapid improvement of the new energy-related components business, it will bring significant growth space for the company. The company's new energy electric vehicles business has shown substantial growth in recent years, with the top international new energy electric vehicle companies entering the company's top five customers in 2023. Fourth, breakthroughs in the photovoltaic and energy storage new areas, continuous expansion of customer base, bringing new growth points, with major customers including top domestic battery companies, top domestic photovoltaic energy storage companies. The construction of the Shanghai energy storage super factory of the international new energy electric vehicle company will be completed in 2024, and the company has already positioned over 200 types of fastener products. Fifth, the mass production of carbon ceramic brake discs metal kits is expected in 2025, targeting new blue ocean markets.