Jilin Hangsheng Electronics expects to achieve operating income of 110 million yuan in the first quarter

Jilin Hangsheng Electronics achieved sales revenue of 78 million yuan in January-February 2024, and is expected to achieve operating income of 110 million yuan in the first quarter. As a supplier of automotive sound field solutions, Jilin Hangsheng focuses on the research and development, manufacturing and sales of speakers, amplifiers and related derivative products. It is not only a supplier to traditional car companies such as Volkswagen, Honda, Hongqi, and SAIC, but also favored by new car-making forces such as BYD, Xiaopeng, Ideal, and Huawei. With the continuous increase in the market share of new energy vehicles, about 30% of the company's products have been applied in the field of new energy vehicles. At present, the semi-automatic production line for the production of amplifiers for Hongqi cars is being debugged. After production, it is expected that the annual output of amplifiers will increase by 160,000.