It is the leading enterprise of comprehensive auto parts in China. Its business layout is diversified and the intelligent transformation company has gradually started to deepen its auto parts business for more than 30 years. It has developed into a leading enterprise of comprehensive auto parts in China. The company's products focus on automotive interior and exterior decoration, supplemented by chassis system, and gradually develop into lightweight parts, electric vehicle parts and intelligent parts. The company's customer structure has been continuously optimized. It has extensive cooperation with luxury brands such as Mercedes Benz, BMW and Audi, as well as new car making forces such as Tesla and BYD. The proportion of customers outside the SAIC Group has tended to increase, which is conducive to improving income diversification and stability.

In the traditional business, the development of seats and lights is leading in the industry, and the transformation of "intelligence, electrification and lightweight" is accelerated. The seat and automobile business is the basic business of the company, which contributes about 70% of the company's operating income in total. The company has successively completed the equity integration of Shanghai Xiaoshi and Yanfeng Andaotuo, renamed them Huayu Vision and Yanfeng International respectively, and is responsible for operating the company's lamp and seat business. The domestic market share of the company's seat business is 24%, and the domestic market share of the company's lamp business is 28%, both of which are in the first place, with significant leading advantages.

The new energy vehicle parts will be comprehensively distributed, and the prospect of domestic substitution is broad, and the future revenue increment is expected. The transformation trend of automobile electrification and intellectualization is clear. The company actively conforms to the development trend of automobile market, changes its business direction in time, and has earlier laid out components in the related fields of high-value new energy vehicles. The components in the three fields of intelligence, electrification and lightweight have developed together:

Intelligentization: intelligent cockpit: Yanfeng Visteon, a joint venture of the company, has created intelligent cockpit products such as XiM21 and XiM21S, and the smart cockpit domain controller market ranks first in the industry; In terms of intelligent driving, the company has achieved mass production of millimeter wave radar and brake by wire, and won the project fixed point; In terms of intelligent vision, the company has mastered a number of cutting-edge intelligent light technologies, and has broad application prospects in the future.

Electrification: the company covers electrified parts in many fields such as driving motor, thermal management, electronic braking, etc. Huayu Electric takes the lead in realizing mass production of flat copper wire technology motor in China, with significant technical advantages; Huayu Magna's three in one electric drive system has been designated by Volkswagen MEB platform.

Lightweight: The company actively lays out lightweight technologies such as lightweight chassis, aluminum battery box, and hot formed steel. The battery box technology has been designated by SAIC Volkswagen, FAW Volkswagen, SAIC Passenger Cars and Tesla projects, and the hot formed steel body has been designated by Tesla Model 3.