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Industry Faces Revenue Growth but Profit Decline, Small & Medium Enterprises Under Pressure

Publish Time: 2021-11-12

Author: 作者

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According to statistical data, 267 listed auto parts companies achieved a total operating revenue of 384.11 billion RMB in Q1 2026, a year-on-year increase of 6.04%. However, net profit dropped by 7.53% year-on-year. The industry shows obvious structural differentiation. Leading enterprises maintain stable profits relying on scale advantages, while small and medium-sized manufacturers are squeezed by rising raw material costs and fierce price competition. Experts suggest that SMEs should focus on segmented tracks and enhance competitiveness through technological innovation and refined management.

Keyword:

Qinghe Auto Parts Industrial Cluster Develops Rapidly, Rubber & Chassis Products Sell Globally

Global Auto Parts Giants Deepen Localization to Tap Chinese Market

Driven by carbon peaking and carbon neutrality goals, green manufacturing has become an inevitable trend for the auto parts industry in June 2026. Recycled rubber, aluminum alloy and other eco-friendly materials are applied more extensively. Manufacturers adopt low-carbon production techniques to reduce energy consumption and carbon emissions. Faced with international carbon trade policies, enterprises accelerate green transformation. Eco-friendly products have become a key advantage to compete in the global marketplace.

Qinghe Auto Parts Industrial Cluster Develops Rapidly, Rubber & Chassis Products Sell Globally

Qinghe County of Hebei Province has developed into a major production base for rubber vibration-damping auto parts. Local manufacturers specialize in drive shaft hangers, engine mounts, rubber bushings and other products. All items are manufactured in line with OE standards, featuring excellent wear resistance, anti-aging performance and good tightness, compatible with over 1,000 vehicle models. Products are exported to Europe, America, Southeast Asia and other regions. A complete industrial chain integrating R&D, production and international trade has taken shape locally.

Technological Upgrade Speeds Up, By-wire Chassis and Intelligent Cleaning Modules Become Hotspots

In June 2026, intelligent and safety-oriented technological innovation dominates the auto parts industry. By-wire chassis parts and intelligent sensor cleaning modules gain great popularity. New standards are implemented to improve the reliability of electronic brake boosters and steering sensors. Intelligent cleaning modules with heating and high-pressure spraying functions effectively solve the perception attenuation problem of cameras and lidars under harsh weather conditions. Technical upgrades greatly increase the added value of products.

Auto Parts Exports Rise 3.7% YoY in Q1 2026, Global Market Remains Resilient

Released by the China Association of Automobile Manufacturers on May 11, 2026, China’s export value of auto parts reached 23.83 billion US dollars in the first quarter, a year-on-year increase of 3.7%. In April alone, exports hit 8.55 billion US dollars, up 16.9% month-on-month and 6.6% year-on-year, maintaining steady growth. The export product mix continues to optimize. New energy vehicle parts, high-end chassis components and rubber vibration-damping products have become major export categories. Strong market demand from Europe, America and Southeast Asia drives the overall growth.

Domestic Substitution Accelerates with New National Standards Regulating the Industry

In May 2026, the Ministry of Industry and Information Technology and other authorities promoted the localization upgrade of auto parts for new energy vehicles, while a number of mandatory national standards were officially implemented. Relevant policies encourage enterprises to conduct independent R&D and cut operational costs via preferential tax policies. The industry is guided to develop in a standardized, compliant and high-end direction. Industry insiders believe that the advancement of domestic substitution will break the monopoly of foreign brands and help local auto parts manufacturers gain larger shares in the high-end market.

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WHO WE ARE

Hebei Lituo Auto Parts Co., Ltd. was establishedon 2024, located in the Automobile &Parts Industry Technology Research Institute,Qinghe County, Xingtai City, Hebei Province.The company specializes in the R&D, productionand sales of automobile chassis parts, filtrationsystems and body accessories.

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