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Bus and auto parts profit growth
First, commercial vehicles: export growth and falling raw material prices.
The domestic market for large and medium-sized passenger vehicles remains stable, with consistent demand and clear product differentiation. This makes it unlikely for a price war to break out. Additionally, the decline in raw material costs has helped improve profit margins, while export volumes have been on the rise. This trend reflects stronger international demand and better cost management by manufacturers.
Second, auto parts: growing international competitiveness.
Over the past two years, China's auto parts industry has shown remarkable improvement in global competitiveness, especially in areas like braking systems, automotive air conditioning, and body panels. Export volumes have now surpassed imports in these sectors, indicating a shift in the balance of power. The main drivers behind this success are the enhanced quality and efficiency of domestic products, as well as improved pricing strategies. Moreover, the average operating profit margin for commercial vehicle parts companies is healthy, which supports long-term sustainability and investment in innovation.
With continued focus on quality and cost control, the Chinese auto parts sector is well-positioned to capture a larger share of the global market in the coming years.