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Industrial consolidation intensifies, 'power' structure reshapes as supply chain enterprises expand from 'local' to 'global' | Beijing Auto Show Season
①At this year's auto show, core supply chain companies have moved into the main exhibition hall on a large scale, competing directly with整车enterprises. ②"Whether the battery technology is leading, whether energy replenishment is efficient, whether intelligent driving is reliable, whether the cockpit is user-friendly, whether software can be continuously iterated, and whether the supply chain has cost and speed advantages—these capabilities together determine the competitiveness of the next-generation automotive company."
Express News | Selected Highlights of Key Earnings Announcements from A-Share Listed Companies After Market Close
Boschke reported revenue of 20.09 billion yuan in 2025, an increase of 26.26%, while net losses narrowed to 7.01 billion yuan but cash flow plummeted by 80.70%.
In 2025, the company reported revenue of 2.009 billion yuan, an increase of 26.26% year-on-year. The gross profit margin turned positive to reach 19.95%, but the net profit attributable to shareholders still recorded a loss of 701 million yuan. Cash flow plummeted by 80.70%, and accounts receivable accounted for 62.70% of current assets. Revenue remained heavily reliant on engineering-related businesses (accounting for 61.93%), with a regional focus shifting to South China. Both R&D investment and sales expenses declined. The change in control has yet to bring about substantial improvements in operational quality.
Bosch Technology: First Quarter Report for 2026
Bosch Technology: Summary of the 2025 Annual Report
Bosch Technology: 2025 Annual Report