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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 price wars unlikely. Additionally, the decline in raw material costs has helped improve profit margins. As a result, exports of commercial vehicles have seen steady growth, driven by both domestic efficiency and global demand.
Second, auto parts: growing international competitiveness.
In recent years, China's auto parts industry has made significant progress in key areas such as braking systems, automotive air conditioning, and body panels. These sectors have shown improved international competitiveness, leading to a shift where exports now exceed imports. This trend is supported by continuous technological upgrades, cost advantages, and better quality control. Moreover, the average operating profit margin for commercial vehicle parts companies remains healthy, indicating strong financial performance and sustainability.
With increasing global demand and a focus on innovation, the Chinese auto parts sector is well-positioned to maintain its upward trajectory in the international market.