Recently, GDHY Precision Industry Group stated that the company's business growth in the first three quarters exceeded expectations:
Mainly attributed to the company's major precision die-casting customers such as Continental, ZF (including WABCO), BorgWarner, GKN, Hella and other major business growth in China.
Precision electronic parts
International large-scale connector suppliers such as Amphenol, Molex, Tyco, etc., have long product cycles and stable orders.
The precision die casting business has maintained good growth for many years. At present, the company has project cooperation with new vehicle manufacturers such as Xiaopeng, Weimar, Evergrande New Energy, and will choose other new energy vehicle manufacturers for cooperation in the future.
Founded in 1993, GDHY has formed an enterprise group dominated by four major businesses: automotive electronics, precision electronic components, precision die-casting, and LED lighting. In the third quarter of 2020, the company achieved operating income of 906 million yuan, an increase of 11.56% over the same period of the previous year, an increase of 29.06% from the second quarter of this year, and a net profit of 37.492 million yuan attributable to the parent, an increase of 34.56% over the same period of the previous year. The subsequent net profit was 31.8293 million yuan, an increase of 93.98% over the same period last year.