How does Zhongding Holdings Group maintain high profitability in a fiercely competitive environment?

In 2023, Zhongding Co., Ltd. achieved operating income of 17.244 billion yuan, a year-on-year increase of 15.63%; net profit attributable to shareholders of listed companies was 1.131 billion yuan, a year-on-year increase of 16.78%. The company continues to promote the improvement of cost control and refined management of overseas factories. The company further optimizes the expenses of overseas enterprises and divests non-core businesses, which increases the speed and certainty of overseas business recovery; through continuous management improvement, domestic and foreign businesses maintain a sustained positive growth trend, and the company's overall profit gradually increases. While maintaining steady growth in traditional businesses, the company continues to promote the implementation and growth of incremental businesses of air suspension systems, lightweight chassis systems, and thermal management systems. In the future, the company will continue to focus on the core strategic goal of intelligent chassis systems and promote the company's business towards intelligence.