Xinquan Automotive Trim(SH:603179) 21世纪经济报道·2025-10-27 05:06Core Viewpoint - The passing of Tang Aoqi, the founder and actual controller of Xinquan Co., Ltd., marks a significant moment for the company, which he helped establish and grow over four decades in the automotive industry [1][4]. Company Overview - Xinquan Co., Ltd. was founded in 1993 by Tang Aoqi and his son, Tang Zhihua, and has become a leading provider of automotive interior solutions, serving both commercial and passenger vehicle sectors [4]. - The company is recognized as one of the top 100 automotive parts suppliers in China and is a core supplier for Tesla's interior components [4]. Financial Performance - In the first half of 2025, Xinquan Co., Ltd. reported a revenue increase of 21.01% year-on-year, reaching 7.459 billion yuan, while the net profit attributable to shareholders grew by 2.80% to 422 million yuan [4]. - The company's net profit after excluding non-recurring items increased by 1.20% to 415 million yuan during the same period [4]. Shareholding and Control - Although Tang Aoqi did not hold any direct shares in Xinquan Co., Ltd., he controlled 51% of the shares in its holding company, Jiangsu Xinquan Zhihua Investment Co., Ltd. [6]. - The company announced that the shareholding of Tang Aoqi will be subject to legal inheritance procedures, and this will not lead to any change in the company's control [6]. Market Position - As of October 27, the stock price of Xinquan Co., Ltd. was reported at 75.46 yuan per share, with a total market capitalization of 37.1 billion yuan [6].