Zheshang Securities Reiterates Buy on Xinquan, Sees Robotics Expansion as Growth Driver

In its latest research note, Zheshang Securities maintained its Buy rating on Xinquan, an auto-parts supplier, and highlighted the company’s improving revenue momentum and move into robotics as key supports for long-term growth. The brokerage reported that Xinquan’s net profit attributable to shareholders reached 638 million yuan in the first three quarters, up 2.49% year on year. For the third quarter alone, attributable net profit was 224 million yuan, up 11.73% year on year and 6.29% quarter on quarter. Zheshang Securities said the robotics expansion could broaden Xinquan’s growth runway beyond its core automotive-trim business, though the note did not disclose specific robot products or revenue targets.