Shandong Zonxin Joins Hands with SAF-HOLLAND India to Build a New Paradigm of Resilient Industry Growth

Recently, SAF-HOLLAND, a globally leading supplier of trailer and truck components, released its preliminary results for fiscal year 2025. Despite a sluggish global economy and weakened market demand, the company delivered strong performance, demonstrating the resilience of its business model and the effectiveness of its strategic management. Meanwhile, Shandong Zonxin Auto Parts Co., Ltd. (Zonxin) is advancing in-depth product and technical cooperation with SAF-HOLLAND India, leveraging complementary strengths to seize development opportunities amid industry headwinds.

According to the preliminary financial data released by SAF-HOLLAND, the Group generated approximately EUR 1.73 billion in sales in FY2025. Although original equipment (OE) demand in the Americas and Asia-Pacific declined, overall profitability remained solid. Adjusted EBIT reached approximately EUR 164 million, representing a margin of 9.5%.

Notably, the aftermarket segment demonstrated strong resilience, increasing its contribution to around 40% of total sales and effectively offsetting the downturn in OE demand. Trailer OE sales amounted to approximately EUR 834 million, while truck OE sales reached approximately EUR 211 million. Together, these segments accounted for about 60% of total Group revenue and formed the company’s core income base.

From a regional perspective, EMEA (Europe, the Middle East, and Africa) remained SAF-HOLLAND’s largest market, generating approximately EUR 884 million in revenue—more than half of total Group sales. The steady improvement in profitability in this region was primarily driven by sustained aftermarket growth.

In the Americas, revenue declined significantly due to reduced truck and trailer investments—partly impacted by U.S. tariff policies—but the region still achieved a solid double-digit EBIT margin of 10.8%.

In Asia-Pacific, sales decreased by approximately 18%, mainly due to weaker demand in India and Southeast Asia, particularly in trailer components and mining-related businesses. However, the region maintained double-digit profitability for the fourth consecutive year, underscoring its strong market fundamentals. Throughout the fiscal year, the company prioritized earnings quality and financial stability, with an operating margin close to 10%, highlighting its disciplined operations and robust risk resilience.

The cooperation between Shandong Zonxin and SAF-HOLLAND India will focus on the research and development, technological upgrading, and market expansion of core trailer and truck components. By integrating resources efficiently and leveraging complementary advantages, both parties aim to achieve mutual benefit and win-win growth.

Through continuous deepening of collaboration and expansion of cooperation areas, Shandong Zonxin and SAF-HOLLAND India will jointly strengthen their ability to withstand market volatility, foster a new framework of resilient industry development, and contribute to the high-quality growth of the global commercial vehicle components sector.