About 71% of my revenue is overseas — 557.14 million yuan, up 5.24% — making me the most export-weighted of my Chinese peers. Domestic revenue fell 5.67% to 231.04 million yuan. I run bases in Zhejiang Xinchang and Thailand Ayutthaya, completed a third Thailand phase in 2025, and am building a Michigan plant where foundations are complete and production is pending. In November 2025 I agreed to a 24.34% stake in a precision-bearing maker as a tuck-in, not a reducer or actuator acquisition.