A-shares auto parts companies will see steady overall performance in 2025

Reporter Wu Yixuan

Recently, listed companies’ 2025 annual reports have been released one after another. According to data from Eastmoney’s Choice, as of 15:00 on March 30, in the A-share auto parts industry sector (Shenwan secondary industry), 35 listed companies have already published their 2025 annual reports.

Judging from the specific figures disclosed in the financial reports, 18 companies achieved both year-on-year growth in operating revenue and net profit attributable to shareholders of the parent company in 2025, while 14 companies saw a year-on-year decline in net profit attributable to shareholders of the parent company.

Gao Zelong, Secretary-General of the New Quality Productive Forces Committee of the China Private Enterprises Association for Science and Technology, said in an interview with a reporter from The Securities Daily: “In 2025, the A-share auto parts industry as a whole showed the characteristics of ‘steady progress with increasing divergence.’ Among them, leading companies are rooted in their main businesses, leveraging technological accumulation and advantages in product matrix, and are gradually realizing synchronized improvement in both operating scale and profitability quality.”

This industry characteristic is closely related to the profound changes in the global automotive industry.

Over the past two years, the penetration rate of new energy vehicles has continued to rise, while intelligent driving technology has been accelerating in iteration and deployment, bringing brand-new opportunities for transformation and upgrading for the auto parts industry. Data from the global automotive information platform MarkLines and the Joint Meeting of the Passenger Vehicle Market Information Association of China Automotive Circulation Association show that in 2025, global new energy vehicle sales reached 22.62 million units, up 29.04% year on year. Strong market demand has provided broad space for parts companies to transform and upgrade.

Gao Zelong further analyzed: “At present, while the global automotive industry is advancing electrification, it has also entered a phase of structural adjustment. The industry is integrating into the wave of intelligence at an unprecedented speed and depth. From traditional auto parts to new-energy core systems, and then to emerging robotics fields, business transformation and upgrading has become a new trend in industry development.”

Against this backdrop, leading auto parts companies have stepped up efforts in business expansion, product R&D, and capacity layout. Leveraging their own advantages, they are strategically moving into areas such as embodied intelligence and humanoid robots, actively expanding new growth curves.

Specifically, the 2025 annual report of Shuanglin Share Co., Ltd. shows that the company has made notable progress in lead screws and joint module products for humanoid robots. Currently, it has developed a reverse planetary roller screw product suitable for linear-motion joint modules for the upper and lower limbs of humanoid robots. In addition, it has successfully developed complete sets including linear joint modules, rotary joint modules, dexterous hands, and finger push-rod module assemblies for humanoid robots, and the core components have all achieved independent and controllable supply.

The annual report of Ningbo Tuopu Group Co., Ltd. shows that relying on its deep accumulation in the integrated braking system IBS field, the company has extended product R&D to core components such as rotary actuators and dexterous hand motors. Based on this, key areas including robot body structural components, sensors, foot shock absorbers, and electronic flexible skins have been expanded, accelerating the construction of a fully covered, platform-style product matrix for the robotics business.

Several experts interviewed believe that auto parts companies have process advantages in high-precision parts machining and consistent batch production. Supported by supply-chain integration capabilities built on the industrial chain, as well as solid industrial foundations in mechatronics integration, they can effectively help them continuously deepen their electrification and intelligentization layout. They can firmly seize opportunities for industry growth and capture an early lead in the trend of increasing divergence within the industry.

Yuan Shuai, Deputy Secretary-General of the Zhongguancun Internet of Things Industry Alliance, said in an interview with a reporter from The Securities Daily: “In the future, as the continuous and deeper implementation of the intelligentization and electrification transformation proceeds, the ‘leading effect’ in the auto parts industry may become even more pronounced. Companies with core technologies and cross-industry integration capabilities are expected to usher in more room for development.”