Hongli Packaging's gross profit margin is stable, its subsidiary focuses on automotive lighting business

Hongli Optoelectronics, through its wholly-owned subsidiary Jiangxi Hongli, is responsible for the 300 acres of land use rights, factory construction and production and sales of some LED products in the first phase of the Nanchang project in Jiangxi. The first phase of the project will construct 100,000 square meters. The construction period is expected to be 15 months. It is currently in the planning and design stage. After the project is fully completed, the annual production capacity of LED devices will be approximately 16,200KK (the estimated production capacity is represented by 3014 single cores), the annual LED application production capacity is approximately 90 million PCS (the estimated production capacity is represented by LED bulbs), and the total average annual output value is RMB 1.584 billion.