HASCO Automotive Q1 2026 Net Profit 1.244 Billion Yuan

Edited by Taylor From Gasgoo
Main productsIntelligent Driving Advanced Driver Assistance Systems (ADAS): LiDAR, camera, ADAS domain controller, forward millimeter-wave radar Intelligent Lighting: vehicle lighting (headlights + taillights), headlamp, taillamp, lighting domain controller, digital lighting system Intelligent Chassis: chassis electronic module, rear subframe module, suspension module, front subframe module, electric power braking system, electric vacuum pump, brake hose, electric parking brake system, vacuum booster, intermediate drive shaft, ECU four-wheel drive control unit, torque manager, rear axle final drive unit, transfer case, constant velocity joint drive shaft, differential, output shaft, intermediate shaft, electrically adjustable steering column, front/rear brake caliper Intelligent Cockpit Interior System: cockpit and instrument panel, door panel, center console, overhead console, hard trim Intelligent Safety: steering wheel, airbag, seat belt, safety system integration Cockpit Electronics: infotainment system, cockpit domain controller, in-vehicle display system, cockpit electronic connection system Seating System: complete seat, seat cover, seat foam, headrest, armrest, seat frame, mechanical components - slide rail, mechanical components - recliner, mechanical components - adjuster, mechanical components - locking mechanism, mechanical components - motor Exterior and Body Bumper Tailgate Liftgate Grille Wheel cover Front-end structure Rockers Adaptive cruise control cover Body accessories Power battery case: battery case tray assembly, battery case upper cover, integrated water-cooled housing, water-cooling plate Cell structural components Active grille shutter Front-end carrier Fender flare Aluminum body components: four doors and two hoods, aluminum wheel housing, front compartment, front/rear floor, aluminum battery case bracket, front/rear longitudinal beam, main body structural components Intelligent Powertrain Electric Drive System: generator, main drive motor, auxiliary drive motor, permanent magnet synchronous motor, asynchronous motor, motor controller Thermal Management System: refrigerant circuit/water circuit integrated module, thermal management controller, heat pump controller, condenser, evaporator, battery cooler, blower, electric auxiliary heater Air Conditioning System Electric Compressor: mechanical scroll mechanism, inverter controller Electric Pump: electric oil pump, electric water pump, electric vacuum pump Conventional Powertrain Components: cylinder head, high-pressure aluminum cylinder block, piston, transmission housing, dry/wet clutch module, torque converter, bearing cap, crankshaft, balance shaft, engine bearing, bushing, thrust washer 48V Hybrid System Fuel Tank System Energy Storage System Exhaust System: exhaust heat recovery system (EHRS), electric heater carrier technology (E-Heater), cold start thermal unit (CSTU), turbo bypass emission control technology (Turbo Bypass)

Gasgoo Munich-HASCO Automotive recently released its first-quarter earnings report for 2026. Revenue slipped 0.97% to 40.18 billion yuan in the first three months, while net profit attributable to shareholders fell 2.63% to 1.24 billion yuan. Excluding non-recurring items, profit stood at 1.15 billion yuan, down 1.14%.

华域汽车2025年营收与利润双双上涨

Image source: HASCO Automotive official website

Overall, HASCO Automotive delivered a steady first-quarter performance, though it faced some modest pressure.

By comparison, the company demonstrated strong growth resilience throughout 2025. Full-year revenue climbed 8.49% to 183.99 billion yuan, while net profit attributable to shareholders rose 7.51% to 7.21 billion yuan. Stripping out non-recurring items, net income surged 10.67% to 6.39 billion yuan, marking a steady improvement in earnings quality.

As one of China's leading automotive parts suppliers, HASCO Automotive operates across core sectors including smart cockpits, electric drive systems, and lightweight components. Despite facing headwinds from fluctuating demand and price competition in the first quarter of 2026, the company kept both revenue and profit within a reasonable range. This underscores its operational stability and resilience against risk.

Industry observers note that as vehicle production and sales recover and overseas expansion gains traction, HASCO Automotive is poised to see a performance rebound and growth in the coming quarters of 2026.

HASCOSupplierCompany Insights
Location: China/Shanghai/Shanghai/Jing'an District
Main productsIntelligent Driving Advanced Driver Assistance Systems (ADAS): LiDAR, camera, ADAS domain controller, forward millimeter-wave radar Intelligent Lighting: vehicle lighting (headlights + taillights), headlamp, taillamp, lighting domain controller, digital lighting system Intelligent Chassis: chassis electronic module, rear subframe module, suspension module, front subframe module, electric power braking system, electric vacuum pump, brake hose, electric parking brake system, vacuum booster, intermediate drive shaft, ECU four-wheel drive control unit, torque manager, rear axle final drive unit, transfer case, constant velocity joint drive shaft, differential, output shaft, intermediate shaft, electrically adjustable steering column, front/rear brake caliper Intelligent Cockpit Interior System: cockpit and instrument panel, door panel, center console, overhead console, hard trim Intelligent Safety: steering wheel, airbag, seat belt, safety system integration Cockpit Electronics: infotainment system, cockpit domain controller, in-vehicle display system, cockpit electronic connection system Seating System: complete seat, seat cover, seat foam, headrest, armrest, seat frame, mechanical components - slide rail, mechanical components - recliner, mechanical components - adjuster, mechanical components - locking mechanism, mechanical components - motor Exterior and Body Bumper Tailgate Liftgate Grille Wheel cover Front-end structure Rockers Adaptive cruise control cover Body accessories Power battery case: battery case tray assembly, battery case upper cover, integrated water-cooled housing, water-cooling plate Cell structural components Active grille shutter Front-end carrier Fender flare Aluminum body components: four doors and two hoods, aluminum wheel housing, front compartment, front/rear floor, aluminum battery case bracket, front/rear longitudinal beam, main body structural components Intelligent Powertrain Electric Drive System: generator, main drive motor, auxiliary drive motor, permanent magnet synchronous motor, asynchronous motor, motor controller Thermal Management System: refrigerant circuit/water circuit integrated module, thermal management controller, heat pump controller, condenser, evaporator, battery cooler, blower, electric auxiliary heater Air Conditioning System Electric Compressor: mechanical scroll mechanism, inverter controller Electric Pump: electric oil pump, electric water pump, electric vacuum pump Conventional Powertrain Components: cylinder head, high-pressure aluminum cylinder block, piston, transmission housing, dry/wet clutch module, torque converter, bearing cap, crankshaft, balance shaft, engine bearing, bushing, thrust washer 48V Hybrid System Fuel Tank System Energy Storage System Exhaust System: exhaust heat recovery system (EHRS), electric heater carrier technology (E-Heater), cold start thermal unit (CSTU), turbo bypass emission control technology (Turbo Bypass)

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