Analyze the revenue situation of automotive parts companies in the third quarter and grasp the development trend of the market

Recently, with the successive disclosure of the third quarter reports and forecasts of A-share automotive parts companies, the development trend of the industry has been clearly presented.

 

As of October 29th, among the 123 publicly listed component companies that have been disclosed, 86 have shown a positive growth trend in terms of revenue growth, accounting for 69.92%; From the perspective of net profit growth rate, 79 companies showed positive growth, accounting for 64.23%. Overall, the industry's performance is improving, although there are some divisions, the positive trend is significant. Meanwhile, out of the 16 disclosed performance forecasts, except for 4, the remaining 12 show an expected increase.

 

Strong terminal demand, increased orders, and overseas business expansion are key factors contributing to the positive performance of automotive parts companies in the first three quarters. Huguang Co., Ltd. is deeply involved in the field of automotive high and low voltage wiring harnesses, benefiting from the support of national automotive policies and the launch of new products by car companies. The passenger car market is gradually recovering, especially with the booming development of new energy vehicles, which has led to a sharp increase in demand for automotive wiring harnesses. At the same time, it actively expands new customers, with a large volume of mass production projects and new project mass production driving its revenue and net profit growth rates exceeding 100%. Bojun Technology has achieved significant growth in revenue and net profit due to the rapid increase in sales of hybrid and pure electric vehicles, as well as the significant increase in revenue from modular products for new energy vehicle bodies.

Going global has become an important strategic choice for enterprise development. Unlike the era of fuel vehicles, the rise of the new energy vehicle industry has driven component suppliers overseas. Several companies have clearly stated in their third quarter reports or forecasts that they are actively expanding into international markets. For example, Daotong Technology has seized the opportunity of the overseas new energy charging industry, deeply cultivated the digital energy overseas market, and significantly improved its profitability.