Core Insights - Hongchang Technology announced on November 20 that it has expanded its product range from single electromagnetic valves to include sensors, door lock switches, and module components, leveraging existing customer resources [2] - The customer base has also been broadened from washing machines to include dryers, smart toilets, water purifiers, and dishwashers, aiming to enhance the overall value of the complete machine [2] - The company plans to allocate more resources to overseas operations and the smart toilet business, striving to change the current revenue structure by increasing the proportion of these segments [2]