Xinquan Automotive Trim(SH:603179) Mei Ri Jing Ji Xin Wen·2025-10-27 04:01Core Points - The founder and actual controller of Xin Quan Automotive Trim Co., Ltd., Tang Ao Qi, passed away on October 26, 2025, at the age of 80 [1] - Tang Ao Qi was instrumental in the establishment and growth of Xin Quan, contributing significantly to its development over more than 40 years [1] - The company announced that the shareholding of Tang Ao Qi in the controlling shareholder, Jiangsu Xin Quan Zhi He Investment Co., Ltd., will be inherited according to legal procedures, but this will not lead to a change in control of the company [1] - Tang Ao Qi did not directly hold shares in Xin Quan and was not employed by the company, indicating that his passing will not have a significant impact on the company's operations [1] Company Overview - Xin Quan is a publicly listed company on the Shanghai Stock Exchange (stock code: 603179), specializing in the design, manufacturing, and sales of automotive interior and exterior trim components and molds [5][9] - The company was founded on April 28, 2001, and currently operates 26 subsidiaries domestically and 5 subsidiaries overseas, along with a provincial technology center and a CNAS-certified laboratory [9] - Xin Quan is recognized as one of the top 100 automotive parts suppliers in China and has established partnerships with major automotive manufacturers such as FAW Jiefang, BAIC Foton, and BYD [9] Financial Performance - In the first half of 2025, Xin Quan reported a revenue of 7.46 billion yuan, representing a year-on-year increase of 21.01% [10][11] - The net profit attributable to shareholders increased by 2.80% to 422 million yuan, while the net profit after deducting non-recurring gains and losses grew by 1.20% to 415 million yuan [10][11] - The company's cash flow from operating activities saw a significant decline of 73.91% compared to the previous year [11]