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%.
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.
