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 percent . 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 percent .
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.
