Hubei Huayang Automotive Transmission System Co., Ltd. 2024 Annual Performance Report Released

On February 27, 2025, Huayang Transmission, a company listed on the Beijing Stock Exchange, released its 2024 annual performance report. The company achieved operating revenue of 512 million yuan in 2024, a year-on-year increase of 57.82%. Although the net profit was still negative, reaching -16.3067 million yuan, it narrowed significantly by 45.14% year-on-year, showing a significant improvement in the company's performance. The revenue growth was mainly due to the batch supply of automotive parts and components for new energy passenger vehicles. In 2024, the revenue from new energy passenger vehicle auto parts products will contribute significantly to the growth of the company's operating income.