Wanfeng Aowei's wholly-owned subsidiary Wanfeng Meiruiding Holdings Co., Ltd.'s performance declined

Wanfeng Aovi's wholly-owned subsidiary Wanfeng Magnesium Redding Holdings Co., Ltd. achieved operating income of RMB 154,791.02 million and net profit of RMB 17,871.41 million in the first half of 2024, a year-on-year decrease of 34.90%. The main reasons were the year-on-year increase in raw material and fuel power prices, as well as changes in market conditions, adjustments in customer orders and a decrease in sales volume.