Strong Revenue Growth
Net sales increased by 19.9% to $157.1 million in the first quarter of 2025 compared to $139.4 million in the first quarter of 2024.
EPS Segment Performance
Net sales of electric power steering systems (EPS) increased by 54% year-over-year to $73 million, representing 43.7% of total sales.
Expansion in Brazilian Market
Sales to the Brazilian market increased by 30.2% year-over-year due to higher demand by Stellantis.
R-EPS Product Development
The R-EPS steering product entered mass production, featuring advanced autonomous driving functions.
Strategic Awards
Shanshi Zhulong subsidiary received multiple awards for product development cooperation and supply chain reliability.
Increased Cash Flow
Net cash provided by operating activities rose 73.1% year-over-year to $18.1 million for the first quarter of 2025.