HUAYU Automotive Systems Company (600741) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached RMB 84.68 billion, up 9.55% year-over-year, with net profit attributable to shareholders at RMB 2.88 billion, a 0.72% increase year-over-year.

• The company maintained strong market share in core automotive component segments and expanded international business, with 63.7% of main business revenue from non-parent group customers.

• New energy vehicle (NEV) related orders accounted for over 80% of new business, and domestic independent brand orders exceeded 60%.

• The company focused on smart cockpit, chassis, and power platforms, achieving significant progress in business acquisition and technology upgrades.

Financial highlights

• Operating income: RMB 84.68 billion, up 9.55% year-over-year.

• Net profit attributable to shareholders: RMB 2.88 billion, up 0.72% year-over-year.

• Net cash flow from operating activities: RMB 6.83 billion, up 34.45% year-over-year.

• Basic EPS: RMB 0.915, up 0.77% year-over-year.

• Gross margin for main business: 10.78%, down 0.11 percentage points year-over-year.

Outlook and guidance

• The company aims to further strengthen its core business, accelerate digital and intelligent transformation, and enhance global competitiveness.

• No interim dividend or capital increase from reserves is planned for the reporting period.