According to Cui Dongshu, Secretary-General of the National Passenger Vehicle Market Information Joint Conference, "The current automobile industry profits mainly rely on exports and the upstream industry chain." This is also reflected in the third quarter financial reports of listed automobile companies. As the upstream of the automobile industry chain, auto parts companies have considerable profits. Up to now, 18 listed auto parts industry companies have released the third quarter financial reports for 2024, with 14 companies achieving year-on-year growth in net income in the first three quarters. Among them, Ningbo Shuanglin Auto Parts (300100.SZ) and other auto parts companies had a net income growth rate of more than 100% year-on-year. In addition, lithium battery listed companies have made a lot of profit due to the increasing sales of downstream new energy autos. Taking Contemporary Amperex Technology (300750.SZ) as an example, the company achieved a net income of 36.001 billion yuan in the first three quarters of this year, a year-on-year increase of 15.59%. The net income for the third quarter was 13.136 billion yuan, a year-on-year increase of 25.97%. Cui Dongshu predicts that as new momentum in the automotive industry continues to grow, leading battery companies will have substantial profits, while the profits of most other companies will decline sharply and the survival pressure on some companies will continue to increase. (Netease)