Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Civilian Electrical Appliances Heating Components		1.59B		1.46B	-	-	-
Commercial Appliances/Industrial Equipment Heating Components		123.48M		101.11M	87.84M	58.45M	60.67M
Commercial Appliances/Industrial Equipment Heating Components Growth		-		15.11%	50.29%	-3.67%	-
New Energy Vehicle Heating Components		157.07M		60.63M	16.68M	289.50K	-
New Energy Vehicle Heating Components Growth		-		263.59%	5660.00%	-	-
Software and Others		-		48.07M	48.67M	32.65M	30.94M
Software and Others Growth		-		-1.23%	49.08%	5.52%	-
Unallocated Other Operating Income		-		10.18M	-	-	-
Accessories and Others		37.46M		-	-	-	-
Kitchen Appliance Heating Element		-		-	603.40M	477.29M	395.47M
Kitchen Appliance Heating Element Growth		-		-	26.42%	20.69%	-
Heating Elements for Clothing Care Appliances		-		-	587.98M	545.20M	495.19M
Heating Elements for Clothing Care Appliances Growth		-		-	7.85%	10.10%	-
Sanitary Appliance Heating Element		-		-	362.50M	270.91M	281.18M
Sanitary Appliance Heating Element Growth		-		-	33.81%	-3.65%	-
HVAC Electric Heating Element		-		-	86.17M	65.90M	68.75M
HVAC Electric Heating Element Growth		-		-	30.75%	-4.14%	-
Total		1.91B		1.68B	1.79B	1.45B	1.33B
Total Growth		-		-6.13%	23.61%	8.89%	-

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
China		845.73M		736.05M	774.98M	653.10M	634.98M
China Growth		-		-5.02%	18.66%	2.85%	-
Overseas		1.06B		947.31M	-	-	-
Europe		-		-	387.98M	324.08M	314.39M
Europe Growth		-		-	19.72%	3.08%	-
Asia		-		-	381.71M	285.48M	238.28M
Asia Growth		-		-	33.71%	19.81%	-
North America		-		-	126.95M	84.46M	63.25M
North America Growth		-		-	50.30%	33.54%	-
Domestic Free Trade Zone		-		-	69.65M	72.28M	54.30M
Domestic Free Trade Zone Growth		-		-	-3.65%	33.13%	-
Other Overseas		-		-	51.98M	31.27M	27.00M
Other Overseas Growth		-		-	66.23%	15.82%	-
Total		1.91B		1.68B	1.79B	1.45B	1.33B
Total Growth		-		-6.13%	23.61%	8.89%	-

Source: S&P Global Market Intelligence.