Huayu Auto Reports Dual Growth in Revenue and Net Profit for 2025; EV and Smart Mobility Business Accelerates Amid Concerns

In 2025, Huayu Automotive achieved total operating revenue of RMB 183.999 billion, an increase of 8.49% year-over-year; net profit attributable to shareholders amounted to RMB 7.207 billion, up 7.51% year-over-year, while non-GAAP net profit grew by 10.67%, reflecting enhanced core profitability. The traditional interior and exterior components business contributed RMB 133.946 billion in revenue, rising 12.22% year-over-year, underpinning the company’s overall steady growth. In electrification, products such as drive motors and thermal management systems have entered mass production for key customers, with new orders showing that 80% are from new energy vehicle (NEV) programs. In intelligent driving, breakthroughs in mass production have been achieved for products like brake-by-wire systems and millimeter-wave radars. Domestic revenue grew by 12.75%, supported by a continuously optimized customer mix—non-SAIC Motor Group customers now account for over 64% of total sales. However, revenue from thermal processing components plummeted by 65.46%. Additionally, accounts receivable as a percentage of revenue rose to 27.46%, and the accounts receivable turnover ratio has declined for three consecutive years, putting pressure on capital efficiency. For the full year, the company generated RMB 9.523 billion in operating cash flow, up 15.72% year-over-year, and invested RMB 6.509 billion in R&D, providing strong support for its ongoing transformation.