Our HK listing changes access, but the durable fact is our core: HVAC&R and refrigeration components — valves, microchannel heat exchangers, pumps, controllers, sensors — are about 60% of revenue, with a near-exclusive global position in electronic-expansion and solenoid valves built over 30 years. Auto and EV thermal is the other ~40%, a top-tier NEV supply-chain position. Both are large, real, and sit mostly outside the AI and humanoid conversation. The actuator and data-center legs are real but early — trial-production, sample-delivery, not sized, not yet segments.