Core Viewpoint - The company is expected to achieve a total revenue of $4.28 billion in 2024, reflecting a year-on-year increase of 1.6%, with significant growth in EBITDA and net profit, indicating a positive financial outlook for the year [3]. Group 1: Financial Performance - Total revenue for 2024 is projected to be $4.28 billion, up 1.6% year-on-year, aligning with previous forecasts [3]. - Gross margin is expected to increase by 1.7 percentage points to 10.5%, while EBITDA is anticipated to rise by 22.5% to $420 million [3]. - Net profit is forecasted to grow by 68.0% to $62 million, with a significant increase in net profit in the second half of 2024, projected to be $46 million, reflecting a year-on-year increase of 1577.3% [3]. Group 2: Regional Performance - The Asia-Pacific region is expected to see a revenue increase of 10.1% to $1.34 billion, contributing to 31% of total revenue, while North America’s revenue share is projected to decrease by 3 percentage points to 51% [4]. - EBITDA margin in the Asia-Pacific region is expected to rise by 0.6 percentage points to 17.2%, while North America’s EBITDA margin is projected to increase by 2.3 percentage points to 8.1% [4]. - The company anticipates that the EBITDA margin will increase by 1.7 percentage points to 9.9% in 2024, driven by growth in the Asia-Pacific region and recovery in North America [4]. Group 3: Order Growth and Product Development - The company secured new orders totaling $6 billion in 2024, with significant breakthroughs in steer-by-wire, DP-EPS, and rear-wheel steering businesses [5]. - Notable new orders include projects from leading North American electric vehicle manufacturers and major Chinese automakers, indicating a broadening customer base [5]. - The company is expected to leverage its technological advantages and modular capabilities to expand into new business areas, particularly in advanced driver-assistance systems [5].