The downstream orders have increased, and the performance of many automotive parts companies is expected to be good in the first half of the year.

According to the iFind data statistics from the same Hua Shun, as of July 21, a total of 59 A-share listed companies in the automotive parts industry have disclosed their interim performance forecasts, of which 38 are expected to have positive results, including 27 with expected increase, 6 with slight increase, and 5 with turnaround from losses. In contrast, there are 21 listed companies in the automotive parts industry that are expected to decrease or incur losses. Overall, the interim performance forecasts of listed companies in the automotive parts industry show a polarized trend. Zhang Xiang, Secretary-General of the International Association of Intelligent Transportation Technology, told reporters: "Listed companies in the automotive parts industry with well-known brands and leading technology often have strong profitability, while companies stuck in the predicament of product homogeneity face operational challenges."