Research Express | Huayang Group hosts over 40 institutions for research, with revenue expected to grow 28% by 2025, leading in market share across multiple automotive electronics products

Basic Research Overview

From March 30 to 31, 2026, Huizhou Huayang Group Co., Ltd. (hereinafter referred to as “Huayang Group”) conducted a institutional research via conference call. This research attracted over 40 well-known domestic and international institutions, including Guosen Securities, CITIC Securities, Morgan Stanley, Huabao Fund, Bosera Fund, UBS, and others. The company’s Secretary of the Board of Directors Li Cuicui, CFO Peng Zibin, Securities Affairs Representative Chen Jingxia, and Securities Affairs Specialist Qiu Xiaotong attended and engaged in in-depth discussions with institutional investors on topics such as company performance, business progress, and future plans.

Performance Highlights: Revenue and Profit Both Grow, Core Business Continues High Growth

The announcement shows that Huayang Group achieved good growth in 2025, with total operating revenue of 13.05B yuan, up 28.46% year-over-year; net profit attributable to parent company of 782 million yuan, up 20.00%; return on net assets of 11.66%, an increase of 1.18 percentage points year-over-year.

In terms of business segments, the two core businesses—automotive electronics and precision die-casting—both maintained rapid growth:

• Automotive electronics revenue reached 9.68B yuan, up 27.25%;
• Precision die-casting revenue reached 2.86B yuan, up 38.47%.

Looking at the long term, from 2020 to 2025, the compound annual growth rates (CAGR) for automotive electronics and precision die-casting revenues were 35.66% and 35.08%, respectively, indicating sustained high-quality growth of core businesses.

Business Highlights: Leading Market Share in Automotive Electronics, High-Value-Added Precision Die-Casting Products Expanding

Automotive Electronics: Multiple Products Lead Market Share, Innovative Products Launched

Huayang Group’s automotive electronics products are highly competitive across multiple categories. According to third-party data, HUD (Head-Up Display) and in-vehicle wireless charging products have maintained the top domestic market share for many years and are also among the top internationally; as of January 2026, the company’s instrument displays and central control displays ranked first and second in domestic market share, respectively.

In 2025, the company launched several innovative products:

• PHUD products achieved global first mass production and upgraded to version 2.0, with two automaker clients secured;
• Collaborated with Intel to launch AI BOX products, addressing edge computing bottlenecks, and became the first to secure platform-specific orders from automakers, supporting AI large models in automotive applications;
• Launched intelligent surfaces (invisible touch controls) and mass-produced in models of international car brands;
• Developed new products such as depth-of-field 3D AR-HUD, CPM collision power supply modules, and explored areas like regional controllers (ZCU) and wireless charging for vehicles, continuously enriching the product matrix.

Precision Die-Casting: Multi-Material Expansion, Capacity Accelerated

The precision die-casting business covers aluminum alloy, zinc alloy, and magnesium alloy product lines, with ongoing improvements in competitiveness across fields:

• Aluminum alloys: expanded from traditional automotive key components to intelligent cockpits, assisted driving, and electric power systems, with steady sales growth;
• Magnesium alloys: breakthroughs in high-flame-retardant materials and injection molding technology, securing new automotive steering system and new energy electric power system components, with significant order value increases;
• Zinc alloys: extended into high-speed, high-frequency optical communication modules and connectors, with rapid revenue growth in recent years.

In terms of capacity, domestically, a combination of leasing and self-built factories is used; land in Thailand has been purchased and factory construction has begun, with some projects already completed. The additional capacity for magnesium and zinc alloys is expected to be operational by mid-2026, supporting business growth.

Market Focus: Customer Expansion, Second Growth Curve, and Capital Expenditure Plans

Customer Expansion: Multiple Breakthroughs with International and Domestic Brands

Institutions are paying attention to the company’s automotive electronics customer expansion. The company states that in 2025, new order development saw good growth, with significant increases in orders for display screens, LCD instruments, and electronic rearview mirrors, and multiple product categories breaking into new key customers.

• International brands: increased cooperation categories, securing new orders from SAIC Volkswagen, FAW Volkswagen, Ford North America, STELLANTIS Group, VINFAST, and others;
• Domestic brands: further expanded supporting models, continuously gaining new key projects from Changan, Chery, Geely, Great Wall, XPeng, Xiaomi, Li Auto, etc.

Second Growth Curve: Focus on AI Robotics

Regarding non-automotive business expansion, the company indicates that leveraging its automotive industry chain technology accumulation, it is focusing on AI robotics to build a second growth curve. Currently exploring products such as robot domain controllers, robot charging, and dexterous hands, with other related businesses further expanding.

Capital Expenditure: Maintaining High Investment in 2026 to Support Capacity Expansion

In recent years, due to increased orders, the company has accelerated capacity expansion domestically and abroad. Projects in Huizhou, Changxing, Suzhou, and Shanghai are progressing simultaneously, with some already in operation. Capital expenditure in 2026 is expected to remain high, mainly investing in Thailand manufacturing bases, Huizhou automotive electronics expansion, zinc alloy die-casting capacity in AI field, and Changxing phase III precision die-casting project. The company emphasizes that capacity expansion is based on existing orders and will strictly control investment risks and project schedules.

Summary

Huayang Group’s 2025 performance was outstanding, with core businesses maintaining high growth, leading market share in multiple automotive electronics products, and high-value precision die-casting products expanding volume. During institutional research, the company’s progress in customer development, innovative product deployment, and capacity planning attracted significant attention. With domestic and international capacity releases and new business exploration in AI robotics, long-term growth is expected to be further driven.

Disclaimer: Market risks exist; investments should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information herein is for reference only and does not constitute personal investment advice. Please refer to official announcements for accuracy. For questions, contact biz@staff.sina.com.cn.

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