According to data from Dongfang Fortune Choice, as of August 21, 47 listed companies in the
Automotive Parts industry have disclosed their semi annual reports for 2025, of which 29 companies have achieved year-on-year growth in net profit, accounting for over 60%. The sustained demand for new energy vehicles and the steady growth of export business have become key factors driving the performance of companies in the industry chain to improve.
Strong downstream demand
On the evening of August 21st, Zhejiang Wanliyang Co., Ltd. disclosed its semi annual report for 2025. In the first half of the year, the company achieved a revenue of 2.812 billion yuan, a year-on-year increase of 2.69%; The net profit attributable to shareholders of the listed company was 277 million yuan, a year-on-year increase of 50.24%, achieving dual growth in revenue and net profit.
In addition, 20 listed companies in the automotive parts industry, including Zhejiang Songyuan Automotive Safety System Co., Ltd., Shentong Technology Group Co., Ltd. (hereinafter referred to as "Shentong Technology"), and Zhejiang Jingu Co., Ltd. (hereinafter referred to as "Jingu Co., Ltd."), also achieved dual growth in revenue and profit in the first half of the year. Enterprises such as Harbin Dong'an Automotive Power Co., Ltd. and Wuhan Guangting Information Technology Co., Ltd. successfully turned losses into profits in the first half of the year.
According to data from the China Association of Automobile Manufacturers, in July of this year, the production and sales of new energy vehicles in China reached 1.243 million and 1.262 million respectively, an increase of 26.3% and 27.4% year-on-year; From January to July,
planetary gear shafts for new energy differentials，Electronic parking mechanism camChina's production and sales of new energy vehicles reached 8.232 million and 8.22 million respectively, an increase of 39.2% and 38.5% year-on-year.
The strong production and sales of new energy vehicles have also been reflected in the semi annual reports of multiple companies. For example, Sichuan Chuanhuan Technology Co., Ltd. mentioned in its semi annual report that during the reporting period, the company benefited from the growth in demand in the automotive industry, especially in the new energy vehicle industry, and the strengthening of supply and demand in the industry chain. The company fully utilized its business scale effect and achieved significant growth in sales performance. The semi annual report of Changzhou Langbo Sealing Technology Co., Ltd. shows that in the first half of the year, the company seized the opportunity of rapid development of new energy vehicles, leveraged its product advantages, actively explored new customers, and promoted the continuous growth of the company's main business income.
From the semi annual report data, it can be seen that the dividends of the new energy vehicle industry chain are being transmitted from vehicle manufacturing to core component links, and it is not simply a matter of business superposition. Its impact is multidimensional and deep level, "Lin Shi, Secretary General of the Intelligent Connected Vehicle Branch of the China Europe Economic and Technological Cooperation Association, told Securities Daily reporters." On the one hand, the expansion of the new energy vehicle market drives the growth of demand for core components; on the other hand, the value distribution of the industry chain has changed, and the discourse power of component enterprises that master core technologies and have technical barriers has increased
Export business growth
The reporter reviewed the semi annual reports of listed companies and found that in addition to the core driving force of "growth in demand for new energy vehicles", "growth in export business" has also become an important driving force for the improvement of performance of automotive parts companies.
Taking Wuhan Guangting Information Technology Co., Ltd. as an example, the company's performance growth in the first half of the year benefited from two aspects: firstly, the market's emphasis on automotive software functions and information security, which promoted the continuation of the growth trend of intelligent connected vehicle testing business in the previous year; The second is to accelerate the "going global" of AI intelligent cockpit solutions and products such as "digital car platforms", combined with the development of intelligent connected vehicle testing business in overseas markets, jointly driving the growth of overseas business.
Qingdao Jianbang Automotive Technology Co., Ltd. is also making efforts in the export field. According to the semi annual report, the company's products are directly exported to more than 30 countries, and through active layout in several major global automotive aftermarket markets, it continues to expand its overseas territory, injecting stable momentum into performance growth.
In addition to the driving force of export business, the increase in orders and project targets is another key factor driving the performance growth of automotive parts companies.
For example, in its semi annual report, Jingu Co., Ltd. mentioned that its performance growth is mainly due to the continuous improvement of Avatar's low-carbon wheel business. Not only have multiple designated projects gradually entered the mass production stage, but it has also gained new designated points from leading customers in various industries at home and abroad. The significant increase in customer demand has directly driven the overall profitability of the company.
Huizhou Huayang Group Co., Ltd. also performed well on the order side, with new orders for automotive electronics continuing to grow during the reporting period. Among them, orders for products such as screen displays, digital acoustics, electronic rearview mirrors, wireless charging for vehicles, and precision sports mechanisms saw a significant increase.
Wu Gaobin, Secretary General of the New Quality and Productivity Committee of the China Association for Democracy and People's Livelihood, told Securities Daily reporters, "The growth logic of automotive parts enterprises has shifted from relying solely on the domestic market to a dual wheel drive of 'domestic demand+export', with order reserves becoming the core indicator for measuring growth. Export breakthroughs reflect the improvement of China's global competitiveness in parts enterprises and the deepening integration into the international supply chain. With the intensification of global competition in new energy vehicles, parts enterprises with technological advantages, complete overseas channels, and sufficient orders will occupy a more advantageous position in the restructuring of the industrial chain
