Recently, Landai Technology and Siemens Electric Vehicle Powertrain Systems (Shanghai) Co., Ltd. signed the "Strategic Cooperation Agreement", the two sides will aim at common development and long-term cooperation, and reach a strategic consensus on cooperation in the field of new energy vehicle electric drive system and reducer assembly and parts for the global market. Siemens electric vehicle powertrain systems (Shanghai) co., LTD for valeo Siemens electric vehicle co., LTD., established a wholly owned subsidiary in China, Germany company relying on the parent company in the field of electric/hybrid vehicle power transmission system design capacity, engineering capacity and abundant empirical experience in traction motor products, Mainly engaged in the design, development, manufacturing and sales of new energy vehicle transmission systems and components, serving China, Europe and other global new energy vehicle market. According to the agreement, both parties will jointly promote the acquisition and implementation of various projects in the cooperation area, and take advantage of their market and business resources to provide information and share resources, so as to realize and promote comprehensive strategic cooperation, achieve long-term stable project operation and promote common development of both parties. In the process of providing high-quality products and services for international famous brand automobile manufacturers in the global market, Siemens will provide project cooperation opportunities for Landai Technology, including but not limited to the introduction and promotion of products and services, so as to expand the scope and effect of strategic cooperation; Landai technology takes advantage of its project research and development, production and manufacturing, quality management, after-sales service resources and practical performance capabilities to be responsible for the implementation of various projects in the process of strategic cooperation. The term of cooperation is three years, from October 27, 2021 to October 26, 2024. And subsequent performance of this agreement marked the global frontier enterprises in the field of electric vehicles in blue Diane technology product development, quality management, production capacity, as well as blue d technology and develop new energy vehicles in the field of electric drive system and reducer assembly and parts cooperation laid a solid foundation, which helps to expand the business of the company in the field of new energy vehicles scale and market share, Enhance the company's market competitiveness and profitability in new energy vehicle transmission products. In addition, the company recently launched the 2021 equity incentive plan. A total of 8.05 million restricted shares, accounting for 1.40% of the total share capital, will be granted to 76 core management, core technology and business personnel at a grant price of RMB3.46 per share. The main performance unlocking conditions are as follows: from 2021 to 2023, the net profit shall be no less than 180 million yuan, 250 million yuan and 300 million yuan respectively. Meanwhile, the net profit of power Transmission Division shall be no less than 20 million yuan, 40 million yuan and 70 million yuan respectively, and the net profit of touch display Division shall be no less than 160 million yuan, 210 million yuan and 230 million yuan respectively. The company recently announced its quarterly results for 2021. From January to September, the company achieved operating revenue of 2.275 billion yuan, up 35.64% year on year; The mother's net profit was 177 million yuan, up 497.56% year on year; Non-deduction net profit 115 million yuan, an increase of 2539.20%, earnings per share 0.31 yuan.