Sixty-one Chinese auto parts companies recently announced forecasts for their performance in 2016. More than 90 percent of them registered growth in net profits, with only six predicting a year-over-year slip. 

Twenty-nine firms, namely 47 percent, projected net income of more than 100 million yuan (14.5 million US dollars) attributable to shareholders of the parent company.

Though Chinese auto parts manufacturers saw a rebound in earnings in recent years, foreign firms still dominated sales of key auto parts, major source of profits. 

Sophisticated parts like post-processing electronic control unit are mostly imported from foreign countries.

For a breakthrough in the future, businesses can focus on the development of high-quality power batteries and electric motors, as new-energy vehicles will account for 40 percent of the total by 2030, said one expert. 

Autonomous driving is also a sector full of opportunities, the expert added.

Email: lansuying@nbd.com.cn