In recent years, with the rapid development of China's automobile industry, China's automobile parts and components have made remarkable achievements in terms of industrial scale and industrial chain collaboration. The automobile industry is an important pillar industry of the national economy. The long industrial chain, high correlation, wide employment and high consumption are the important carriers for the upgrading of manufacturing in China and play an important role in the national economy and social development. With the further deepening of China's economic reform, it will become an important task to cultivate an international brand of independent automobile vehicles and independent spare parts brands.
Auto parts industry has developed rapidly
Automotive components are one of the automotive industry chain, located in the car on top of the car is formed by the various units and services in the automotive products. Upstream industry, including steel, plastics, rubber and other raw materials, downstream mainly for OEMs supporting market and after-sales service market. Industry related industries more, we can say that there is no strong foundation for the component industry, we will not have an independent and complete and internationally competitive automotive industry.
From 2011 to 2015, the global auto parts market rose from 10 trillion yuan to 11.2 trillion yuan, up 13% over the same period of last year, while the Chinese market drove the growth. During this period, the size of China's auto parts industry rose from 2 trillion yuan To 3.2 trillion yuan, an increase of 60%. In 2016, the revenue from principal operations of China's automobile manufacturing enterprises above designated size stood at 3.72 trillion yuan, an increase of 14.23% over the same period of last year. The total profit was 282.526 billion yuan, up by 17.12% from the same period of last year, achieving both high growth.
A breakthrough in key technologies, independent innovation system initially completed
For a long time, the "localization" of international parts giants has been an important motive force for the development of China's auto parts industry, which is still the case at present. According to the survey conducted by the Ministry of Commerce, the number of auto parts suppliers with overseas background in China accounted for only 20% of the total number in 2016, but its capital scale has reached 72% of the capital market of the auto parts market with sales revenue accounting for 80% or more.
In recent years, the state has increased its support for major projects and technical projects in the industry. The technology and management, quality and innovation capability of domestic parts and components enterprises have been greatly improved. China's traditional key components to achieve a breakthrough in the core technology. As the gradual mastery of the cylinder direct injection gasoline engine, turbocharged, passenger car diesel engines, commercial vehicles diesel high-pressure common rail and other products core technology; dual clutch automatic transmission, large torque automatic mechanical transmission, automatic transmission and multi-speed automatic wireless Transmission product of independent research and development and production. China's auto parts independent innovation system and gradually build. Such as enterprises have increased investment in product development, the average annual number of patent applications more than 30,000, and the importance of technology upgrades parts and components to accelerate product intelligence, data, and promote quality upgrades, technology research and development platform and procurement, Production management, quality management, technology and other forms of interaction.
The formation of industrial clusters, brand and strength continue to improve
China's auto industry has built up industrial clusters in the northeast, Beijing-Tianjin-Hebei, central, southwest, Pearl River Delta, Yangtze River Delta and other regions accounting for nearly 80% of the total output value of the industry. Also produced a large auto, parts and components enterprises of FAW, Dongfeng, SAIC Huadu, Dongfeng, Guangzhou Automobile, Beiqi, Chang'an, Geely, FAW, Yuchai Weichai Xichai, Fuyao, Wanxiang, Huaxiang, initially have Into the global automotive industry chain capabilities. The discrepancy between self-owned brands and foreign enterprises on the reserve of talent has been gradually narrowed. Some independent component suppliers have already achieved breakthroughs in some core technical fields.
Industry or welcome adjustment, innovation and competitiveness
The state attaches great importance to the development of new energy vehicles. After 2014, a series of policies and measures to promote the development of new energy vehicles are designed to stimulate the development of the new energy vehicle industry and eliminate the traditional backward pollution capacity. Recently, the vice minister of MIIT even made a statement that China Has started the traditional energy car stop-sale schedule research. The development of new energy industry, the corresponding auto parts demand will also increase, a new growth point for the industry, new energy parts and components business will be rapid development.
In recent years, China's economic growth has slowed and its GDP growth rate has plummeted. In the next period of time, the economy will still be in an adjustment structure to enhance the efficiency period. The most intuitive one is the industry consolidation and the auto parts industry is also inevitable. In the future, systematic development, modular manufacturing, integrated supply has gradually become the development trend of the auto parts industry. China's auto parts business needs to be done, research and development deeper, more common and standards, higher level of electronic and intelligent, more streamlined products, cleaner and environmentally friendly.
Foreign auto companies still dominate the industry
From 2012 to 2016, the top 10 auto parts suppliers in the world are still among the top 10 foreign-controlled companies such as Ph.D., Denso, Magna, China, Aisin Seiki, Faurecia, Farrell Austria and so on. In 2016, the top 100 Chinese, Japanese, American and German suppliers ranked 28, 22 and 16 respectively. Although the number of suppliers in China increased by only 5, they were only Yanfeng Automotive Interiors (No. 14 Revenue of 86.3 billion yuan), Innafa (66th, revenue of 20.8 billion yuan), CITIC Dicast (71st, revenue of 17.3 billion yuan), Johnson Electric (81st, revenue of 133 100 million yuan) and Minth Group (93rd, with a revenue of 9.4 billion yuan).
China's parts and components "giants" and the world-class parts suppliers vary greatly in size, the largest Chinese company Huayu Automotive revenues less than the first giant's 30%. One of the top 50 companies and the global top 50 companies revenue compared to less than one percent. In the first five years of 2016, the revenue of the parts of the five companies totaled RMB147.00 billion, accounting for only 2.9% of the total revenues of the top 100 parts suppliers in the world. Foreign investment is still firmly dominated China's auto parts industry.
Domestic enterprises have landed in the capital market to seek further development
Faced with the expansion of foreign-funded enterprises in the market, China's auto parts enterprises are under increasing pressure to survive. Accelerating the integration and running of the capitalized entry-landing market has become an important development strategy for China's outstanding national auto parts brands.
As of October 11, China's A shares already have 109 auto parts business. A number of listed companies have carried out more than one component business segments. Among them, the production of engine systems, interior and exterior parts, electrical and electronic systems with the most auto parts listed companies, accounting for about 35%, 24%, 23%, these areas are also the most domestic auto parts companies occupy the international market The plate.
Between 2006 and 2009, the number of A-share auto parts listed companies in China increased at an average speed of 2.2 per year. 2010-2016 listing speed is an average of 8 per year. According to the choice data, 25 auto parts companies landed A shares in the first three quarters of 2017; auto parts companies that are lining up to enter the capital market include Chenguang Seiko, Huawei Power, Lizhonggu, McNair Technology, Shares, Bethel and other 17. Can see that China's auto parts enterprises are accelerating landing capital market, which is policy support, the industry companies have to seek new developments.
All sectors should give greater encouragement and support to auto parts enterprises
At present, China's economy has come to a period of adjustment. The country has made great efforts to develop China and China to create, while the automobile industry is the top priority. Although China's automobile industry has made great progress after many years of development, it still looks weaker than its foreign counterparts. Except for a few companies such as Huayu Automobile, the remaining companies are generally small in size and their profitability is not strong. For example, in the first half of 2017, only 10 companies with revenue exceeding 5 billion in the revenue of listed auto parts companies accounted for less than 10%; the average gross profit margin was only 26.77%; only a few companies own more than 40% Gross margin, new coordinates, Mega shares and other listed companies in 17 years gross margin of 50% or more, Xu Sheng shares, Wei Tang Industrial nearly 50%. To a certain extent, regulators are very supportive of competitive listed companies.
Take the subdivision turbocharger as an example, it is controlled by foreign capital but the local industry still produces a certain competitive enterprise. Borg Warner, Honeywell, Mitsubishi Heavy Industries, Ishikawajima Harima, Bosch Mahler, Germany and other world-renowned turbocharger companies account for more than 90% of the market share. The Simama, Westgate, Midland industrial supercharger components such as strength is also strong. China was born such as China Pei-motivation, Hunan Tianyan, Kang Yue Technology, Best, Kehua Holdings and other more excellent turbocharger business, but compared to foreign giants are still not a small gap. Although these companies are producing turbocharger-related products, but the specific areas and products are still different, leading to large profitability differences, with Huapi motivation, which is currently the world's major supplier of turbocharger key components of the professional One of the customers, customers include Bourg, Honeywell, Mitsubishi, Bosch, the mainland, Sony Nyima and other world famous enterprises, the larger the market share of customers, so Huapai momentum share of products are larger, more profitable than it is good.
According to Honeywell's Global Turbocharged Market Forecast, turbocharger penetration in China's new car will increase from 28% in 2015 to 47% in 2020, with annual sales rising from 7.5 million units in 2015 To 15.5 million units, a compound annual growth rate of 16%. With the promotion of energy-saving emission reduction, hybrid development, turbocharger penetration is expected to continue to improve, turbocharger parts and components is expected to further development.
The importance of the automotive industry goes without saying, at present China has reached an important period for the development of its own brand in the automobile industry chain. Accelerated expansion of foreign enterprises, industry competition further heat, or will usher in challenges and opportunities. This requires the state and society to give more support to the automobile chain enterprises, including capital, including financing channels, including technical support. We should set all levels of power to speed up the cultivation of more national brands in the automobile industry chain.
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