Chongqing, July 20, 2025 – Xinyide Auto Parts (Group) Co., Ltd. today released its first-half 2025 performance report. The company achieved operating revenue of 1.86 billion yuan, a year-on-year increase of 28%. Net profit attributable to parent company shareholders reached 210 million yuan, a year-on-year increase of 32%. This performance growth rate significantly exceeded the industry average, primarily benefiting from the trend of high-end upgrades in the automotive seating industry.

The financial report shows that the company's revenue growth primarily came from two business segments: first, the high-end functional seat components business, which achieved revenue of 980 million yuan in the first half of the year, a year-on-year increase of 45%. Products such as massage seat components and ventilated seat modules were in short supply, resulting in a gross profit margin of 22%. Second, the new energy vehicle seating business, which generated revenue of 630 million yuan, a year-on-year increase of 52%, became the core driving force behind performance growth. "The automotive seating industry is poised for a period of opportunity in 2025, characterized by 'expansion and restructuring,'" said Xinyide's CFO. "On one hand, the penetration rate of comfort features in mid- and low-end models is rapidly increasing, with heated seats reaching 12% in models under 100,000 yuan. On the other hand, high-end new energy vehicle models are driving seat value upgrades, with unit prices exceeding 8,000 yuan for products like zero-gravity seats and rotatable seats. By proactively developing high-end and new energy vehicle technologies, the company secured significant orders for the Ideal L6 and NIO ES6 in the first half of the year, totaling 1.5 billion yuan."
Looking ahead to the second half of the year, Xinyide stated that it will continue to increase its R&D investment, focusing on the development of new technologies such as health-monitoring seats and autonomous driving scenario-linked seats. Annual revenue is expected to exceed 4 billion yuan.