Core Insights - The automotive parts industry is transitioning from "manufacturing" to "intelligent manufacturing," with over 60% of the 256 listed companies achieving positive net profit growth in the first three quarters of 2025, and 51 companies seeing growth exceeding 50% [1] - High-tech segments such as intelligent chassis systems and electronic electrical architectures are driving growth, while traditional low-value-added components face pressure due to intensified competition and cost challenges [1] Industry Performance - The chassis and engine systems sector showed the most significant performance, with a net profit growth of 27.72% year-on-year, leading among all segments [1] - The gear component company, Double Ring Transmission, reported a net profit of 898 million yuan, a year-on-year increase of 21.73%, with a notable growth in new energy vehicle gear products [2] - The tire and wheel sector is undergoing structural adjustments, with a net profit decline of 12.86% year-on-year, as companies adapt through overseas expansion and product upgrades [3] Company Highlights - Asia-Pacific Co. achieved revenue of 3.973 billion yuan and a net profit of 328 million yuan, with respective year-on-year growth of 32.24% and 109.12%, driven by electric vehicle demand and overseas orders [2] - Lingdian Electric Control reported a remarkable net profit increase of 815.3% to 74.72 million yuan, expanding its supply chain presence among major automotive manufacturers [3] - Deep Tianma A turned a profit with a net profit of 31.3 million yuan, benefiting from strong sales in automotive electronics, which grew over 70% year-on-year [4] - Desay SV continued to lead in the intelligent cockpit sector, achieving revenue of 2.2337 billion yuan and a net profit of 178.8 million yuan, with a significant increase in high-tech product demand [5]