The midseason report of listed companies is over. According to Wind data statistics, as of August 31, in the 228 A-share (Shenwan industry classification) disclosure of 2023 semi-annual report of auto parts listed companies, A total of 158 net profit growth, accounting for nearly 70%. Among them, the net profit of 6 companies increased by more than 10 times, and Wan 'an Technology ranked first with an increase of nearly 60 times; Weichai Power posted the highest net profit of 3.9 billion yuan in the first half.
Specifically, Wanan Technology's net profit in the first half of the year increased first, up to nearly 60 times, to achieve a net profit of 170 million yuan. Huapei Power followed, net profit increased 42 times year-on-year, to achieve a net profit of 62 million yuan. Zhejiang Shibao, Xinrui Technology, Fengshen Shares, Su Changchai A performance growth rate of more than 10 times. Junsheng Electronics, Linglong tire, Aotejia, Bojun Technology and other 35 enterprises to achieve net profit doubled. In addition, the net profit growth rate of 34 companies such as Shangsheng Electronics, Zhongma Transmission, Weichai Power, Aikedi, and Jinbei Automobile reached more than 50%.
For the reasons for the growth of performance in the first half of the year, a number of listed auto parts companies gave explanations in the semi-annual report. Zhejiang Shibao said: "During the reporting period, the company's hydraulic circulation ball steering and electric power steering system product sales increased; At the same time, new products such as intelligent electric circulating ball steering gear, intelligent electro-hydraulic circulating ball steering gear, pipe column, intermediate shaft have started mass production, bringing new sources of revenue to the company." Bojun Technology said: "During the reporting period, the company's orders were sufficient, and its operating income increased significantly compared with the same period last year; Hybrid vehicles and pure electric vehicles are rapidly increasing, and the company's revenue from modular body products of new energy vehicles is growing rapidly year-on-year."
According to Marketresearch Future, the global auto parts market will reach $1.3 trillion by 2023. According to the research Institute of industry estimates, in 2025, China's auto parts market will reach 6.79 trillion yuan.
With the rapid development of the new energy automobile industry, listed companies are enthusiastic about investment and expansion. Bojun Technology, Xinquan shares, Guangdong Hongtu, Topu Group, Rukeda, Shangsheng Electronics and other companies are accelerating the layout of new energy auto parts market. The analyst said: "With the development of the automotive industry and the intensification of competition, vehicle manufacturers are paying more and more attention to the quality of automotive parts and technological innovation. Therefore, it is a wise choice to jointly develop products with upstream auto parts manufacturers, and the layout of auto parts by several listed companies can bring more cooperation opportunities and resource sharing, and improve the efficiency and competitiveness of the entire industry chain."
"In the second half of this year, the consumption potential of the automobile market will be further released, and the automobile industry is expected to achieve steady growth throughout the year; At the same time, the boom trend of the new energy automobile industry chain will continue, benefiting from the rise of independent brands, domestic auto parts suppliers to accelerate the layout of the new energy automobile industry chain, gradually build the advantages of the local supply chain, ushering in the golden age, and relevant enterprises are expected to obtain more market share and profit space." The analysts said.
