The report highlights the company's active response to the COVID-19 pandemic, including epidemic prevention and development, ensuring the company's ESG responsibilities, and making a substantial growth in operating income and net profit. The company's major accomplishments also include the completion of the industrial and commercial registration procedures for its Baotou subsidiary and the signing of a Parts Purchase Agreement with Tesla to supply magnets for electric vehicles. The report also emphasizes the company's commitment to becoming a green and low-carbon contributor by promoting carbon neutral actions and actively participating in environmental protection industries such as electric vehicles, energy-saving variable frequency air conditioners, and wind power.
