Company Summary - Huamao Technology (SH 603306) announced on August 30 that its sixth board meeting was held on August 28, 2025, in Xiamen, where the proposal for a new subsidiary management system was reviewed [1] - For the fiscal year 2024, Huamao Technology's revenue composition is as follows: automotive parts account for 98.66%, while other businesses account for 1.34% [1] Industry Summary - The first A-class car exhibition in Southwest China is set to open in the second half of the year, featuring nearly 120 brands and 1,600 vehicles, indicating a competitive landscape in the automotive market [1] - The emergence of new energy vehicles is expected to reshape the market dynamics significantly [1]