Auto parts industry still lacks leaders
In the first half of this year, the overall performance of auto parts and components companies recovered and showed a growth trend, but the net profit rate remained at 6%, and the overall profitability did not increase significantly.
As of August 31, a total of 96 listed auto parts companies disclosed 2016 semi-annual report. The total operating income of 96 parts and components listed companies was 255.661 billion yuan, an increase of 19.82% compared to the same period of last year. The net profit attributable to shareholders of listed companies changed by 40% in the first half of 2015, a year-on-year increase of 13.14%. 15.38 billion yuan. From the perspective of operating income, the operating income of the top three parts and components companies exceeds 10 billion yuan. The data also shows that about 64% of the parts company's operating income and net profit achieved double growth.
Analysis of the industry, the three major motivations to promote performance. In the first half of this year, the production and sales of automobiles grew steadily. The growth rate of production and sales of passenger cars was higher than that of the automotive industry. The commercial vehicle market showed a significant improvement, and the performance of related engine and component companies picked up rapidly. “This year, the overall situation of the automotive industry is relatively good, and it is normal for the parts and components companies to perform better.†Song Zifeng, deputy researcher of the Industrial Economics Research Department of the Development Research Center of the State Council, said in an interview with the “Economic Daily†reporter.
In addition to a relatively stable and favorable market environment, the recovery of the performance of parts and components companies is closely related to their own initiative in seizing opportunities, restructuring, and restructuring. At the same time, the Group will focus on policies and new profit points in the market to expand the industrial chain, including the extension of new energy vehicles and smart driving technologies, and will also contribute to the improvement of performance.
However, there are still nearly 20% of parts and components companies operating revenue decline. According to statistical data, the distribution of these companies' businesses is relatively scattered, and the products are mainly based on foundry automotive components. Song Zifeng stated that there are many auto parts companies in China, but most of them are very small in size and they only serve regional markets or supporting companies. Some international giants of parts and components have great control over the downstream; many domestic small companies can only rely on car prices, and there is no negotiation. Therefore, in the future, it is necessary to cultivate leading companies and drive the entire industry. From the perspective of long-term development, the auto parts industry will have to catch up in the future, and we must also pay attention to the internationalization of the layout.
Titanium Tubing,High Purity Titanium,Titanium Metals,Titanium Alloy Material
Baoji Rowlyn Metal Materials Co., Ltd. , https://www.rowlynti.com