Capacity expansion: Full orders, new factory construction boosts growth

Order volume increased by 30% year-on-year, with production scheduled until the second half of the year

Since the beginning of this year, the production workshop of Hubei Huixiang Electronic Technology Co., Ltd. has been operating at full capacity. As of early March 2025, the company's first quarter order volume has increased by about 30% year-on-year, and the production plan has been scheduled until July, laying a solid foundation for achieving the annual target.

Start construction of a new production building, focusing on intelligent warehousing and product upgrades

To meet the continuously growing market demand and enhance competitiveness, Hubei Huixiang Electronics officially started construction of two 4-story production buildings, 610, in January 2025. The new building will mainly be used for the company's material storage and sensor product upgrades. After the construction is completed, the company plans to introduce a batch of new production equipment, including intelligent automatic warehousing equipment and new energy vehicle parts production equipment, to comprehensively enhance production capacity and complete product upgrades. It is expected that this move will add 140 million yuan to the company's annual output value