China Automotive | 10-Q: FY2025 Q2 Revenue: USD 176.25 M

Revenue: As of FY2025 Q2, the actual value is USD 176.25 M.

EPS: As of FY2025 Q2, the actual value is USD 0.25.

EBIT: As of FY2025 Q2, the actual value is USD 15.08 M.

Financial Metrics by Segment

Henglong

• Net Product Sales: $83.4 million for Q2 2025, up 4.3% from $80.0 million in Q2 2024.
• Cost of Products Sold: $75.8 million for Q2 2025, up 6.2% from $71.3 million in Q2 2024.
• Net Income: $2.6 million for Q2 2025, down from $3.2 million in Q2 2024.

Jiulong

• Net Product Sales: $23.5 million for Q2 2025, up 25.6% from $18.7 million in Q2 2024.
• Cost of Products Sold: $20.7 million for Q2 2025, up 30.8% from $15.8 million in Q2 2024.
• Net Income: $0.7 million for Q2 2025, down from $1.0 million in Q2 2024.

Wuhu

• Net Product Sales: $6.1 million for Q2 2025, down 32.3% from $9.0 million in Q2 2024.
• Cost of Products Sold: $6.3 million for Q2 2025, down 37.7% from $10.1 million in Q2 2024.
• Net Income: -$0.7 million for Q2 2025, down from -$2.2 million in Q2 2024.

Hubei Henglong

• Net Product Sales: $30.0 million for Q2 2025, up 11.8% from $26.8 million in Q2 2024.
• Cost of Products Sold: $27.5 million for Q2 2025, up 30.5% from $21.1 million in Q2 2024.
• Net Income: -$0.7 million for Q2 2025, down from $1.8 million in Q2 2024.

Henglong KYB

• Net Product Sales: $53.9 million for Q2 2025, up 26.0% from $42.8 million in Q2 2024.
• Cost of Products Sold: $45.2 million for Q2 2025, up 24.4% from $36.3 million in Q2 2024.
• Net Income: $6.2 million for Q2 2025, up from $2.9 million in Q2 2024.

Brazil Henglong

• Net Product Sales: $17.9 million for Q2 2025, up 49.4% from $12.0 million in Q2 2024.
• Cost of Products Sold: $14.0 million for Q2 2025, up 39.3% from $10.1 million in Q2 2024.
• Net Income: $3.4 million for Q2 2025, up from $1.2 million in Q2 2024.

Other Entities

• Net Product Sales: $35.5 million for Q2 2025, up 1.2% from $35.1 million in Q2 2024.
• Cost of Products Sold: $29.2 million for Q2 2025, down 1.3% from $29.6 million in Q2 2024.
• Net Income: -$0.6 million for Q2 2025, down from -$1.4 million in Q2 2024.

Future Outlook and Strategy

Core Business Focus

• The company aims to grow leading positions in automotive power steering systems and to further improve overall margins, long-term operating profitability, and cash flows. To achieve these goals, the company is continuing its work to improve its operations and business structure and achieve profitable growth.

Non-Core Business

• The company is also focusing on the development, manufacturing, and sale of high polymer materials through its subsidiary Wuhu Hongrun New Material Co., Ltd. and the inspection and testing of automotive products through Hubei Zhirong Automobile Technology Co., Ltd.

Priority

• Emphasis on increasing sales of electric power steering (EPS) systems and parts, which saw a significant increase in sales, contributing 41.4% of net sales for Q2 2025 compared to 35.1% for the same period in 2024.