In 2023, seizing the opportunities presented by the rapid growth of new energy and independent brand automotive companies, Hansteel consistently improved its supply capacity for high-end products in joint ventures, achieving a sustained expansion of market share in high-end automotive steel. The annual production and sales volume of automotive steel reached 2.076 million tons, including 435,000 tons of galvanized automotive steel, a year-on-year growth of 21.8%, 156,000 tons of ultra-high-strength steel, with a 13% increase, and 96,000 tons of O5 sheet, showing a 3% year-on-year growth.