• Revenue growth guidance: Management revised its annual revenue growth guidance upward to 8%–12% from the previous conservative estimate of 3%–6%, supported by 26% domestic growth in Q1 and faster-than-expected supply chain normalization.
• EBITDA margin outlook: Despite a temporary hit to core operating profit from cost inflation, full pass-through agreements with OEMs over a 2- to 3-month lag will help achieve a targeted EBITDA margin between 11.3% and 11.6%.
• Export segment performance: Export revenue declined 14% in Q1 due to port congestion and container shortages rather than lower demand, with management expecting the export share of revenue to recover from 30%–31% back to 33%–35% over the year.