- Earnings growth supported by cost controls and overseas recovery
- New orders jump as firm expands into robotics and server power
A rebound in overseas operations and tighter cost controls helped Joyson Electronics (均胜电子), one of China’s largest auto electronics manufacturers, post higher earnings in the first quarter of 2026.
The Ningbo-based company posted a net profit of more than 4 billion yuan ($586 million), up 18.11% from a year earlier, on revenue of 13.82 billion yuan, a decrease of 5.22% year over year.
Operating cash flow climbed about 5.5% to roughly 910 million yuan, indicating improved business operation.
This comes as the Chinese auto supplier for domain controllers and cockpit electronics reported a spike in new orders and stepped up investments in emerging technologies including robotics.
Joyson said its profitability gains were driven in part by years of cost and expense controls, with overseas operations showing notable improvement.
The company also booked about 27.5 billion yuan in new orders during the quarter, up 75.2% from a year earlier, reinforcing its position in the global auto supply chain.
Growth was supported by progress in intelligent driving systems, where Joyson secured projects from both domestic and joint-venture automakers.
Its mid- to high-level autonomous driving domain controllers are set to be deployed in upcoming production vehicles, while its Level 4 systems are moving toward mass production through applications in low-speed autonomous logistics vehicles.
The company also won a smart cockpit contract tied to an overseas model from an unspecified leading Chinese electric-vehicle startup.
Beyond traditional automotive supply, Joyson is positioning itself as a “auto plus robotics” Tier 1 supplier, a strategy outlined by its founder and chairman Wang Jianfeng.
It partners with global legacy automakers across Germany, the U.S., Japan and South Korea, as well as Chinese EV upstarts including Nio, Li Auto, XPeng, Leapmotor and Xiaomi.
The company is also supplying components such as controllers, battery packs and structural parts to humanoid robotics firms including Galbot (银河通用) and Agibot (智元机器人).
According to a 2025 report by Frost & Sullivan, Joyson ranked as the world’s second-largest supplier of automotive passive safety products by revenue, with 38.66 billion yuan, behind only Autoliv.
Research and development spending rose to about 839 million yuan in the January-March period, as the company increased investment in intelligent driving, robotics and server power technologies—areas it sees as key to future growth.
