China's automotive parts industry: Breaking through the impasse and transforming, heading towards a new track of global growth

In the first quarter of 2025, the Chinese automotive industry will show a moderate growth trend. According to a research report by Hualong Securities, the Shenwan Automobile Index outperformed the Shanghai and Shenzhen 300 Index by 12.61 percentage points in the first quarter, with significant sub industry differentiation. Among them, the passenger car and automotive parts sectors performed outstandingly, with gains of 11.51% and 13.19% respectively.

This data confirms that the automotive parts industry is undergoing structural changes. In terms of revenue scale, the overall revenue of the automotive industry in the first quarter of 2025 was 897.962 billion yuan, a year-on-year increase of 5.75%; The net profit attributable to the parent company was 39.069 billion yuan, a year-on-year increase of 9.70%.

This growth has been achieved against the backdrop of pressure on the global automotive industry. According to the 2025 Top 100 Global Automotive Parts Suppliers list by Automotive News, the total revenue of the automotive business of the top 100 companies worldwide was $945.295 billion, a year-on-year decrease of 2.6%; And among the top 100 companies, 63 have seen a year-on-year decline in their automotive business revenue, indicating that the global automotive parts industry is facing widespread growth pressure.