Changyong Precision: New energy business steady growth, Embodied Intelligence segment explosive growth, short-term profit pressure

Changyong Precision reported a revenue of 16.453 billion yuan in the first three quarters, a year-on-year increase of 21.78%. Its new energy business is growing steadily, while the embodied intelligence segment is experiencing explosive growth, with short-term profit pressure. The company is collaborating with customers to promote the development of new consumer electronics products such as AIPC and wearable devices, and is accelerating the mass production and market penetration of energy storage, embodied intelligence, and AI hardware businesses, with profitability expected to gradually recover.