How much money did they earn for the 2017 “Top 100” Parts List?

On September 6, 2017, the "2017 China Auto Parts Enterprises Top 100" and "2017 International Auto Parts Enterprises Top 100" (2017 "Top 100") conferences were held at the People's Daily New Media Building.

The release of 2017 "Top 100" is of great significance for leading Chinese auto parts companies to benchmark international advanced companies, find technological gaps, and analyze the international competitive landscape. It is an in-depth understanding of the Chinese auto parts industry and the search for a leading China for the international auto market. Partners provide reference. 】

This selection is based on the 2016 automotive auto parts business operating income as the main evaluation criteria, excluding the subjective factors of the general industry selection. As the authoritative and professional media of the Chinese automobile industry, China Automotive News Corporation takes the “leader of the automobile society as its leader” as its own responsibility. In order to promote the development of the Chinese auto parts industry, China Automotive News undertakes the responsibility of selecting this list. "China Auto News" is based on a true, accurate, and cautious attitude. It has collected and verified the data of nearly 500 companies for three months, ensuring the objectivity, accuracy, and authenticity of the data sources.

2017 "double hundred" conference site

â–  Show global parts trends and patterns

In the past five years, the total production and sales volume of China's auto industry has achieved rapid growth, and the profitability of the auto parts industry has also been significantly improved. In 2016, the cumulative revenue of the 12,700 auto parts enterprises above designated size reached 3.72 trillion yuan. This set of data has created a new high for the Chinese auto parts industry over the years.

Nowadays, Chinese auto parts companies are focusing on improving their own R&D capabilities and continue to break the monopoly of foreign companies in key auto parts. In the international auto parts market, China's imprint has been particularly clear. Domestic and foreign resource integration has been the development trend of the global auto industry. However, the international market’s perception of China’s auto parts industry is still relatively old and not thorough enough. To this end, China's auto parts industry is in urgent need of a ranking that can fully reflect the competitive landscape, brand influence, technological advancement, and comprehensive profitability of the auto parts industry at home and abroad.

Xining, General Manager of China Automotive News Co., Ltd.

Xin Ning, general manager of China Automotive News, said that currently, the Chinese market accounts for about one-third of the global production and sales of new cars. China’s car ownership continues to grow, and the automotive aftermarket, automotive supplies and conversions are also rapidly increasing. Development, this trend will not change in a certain period of time in the future. In the auto parts industry, “China Automotive News” has already held 13 selections of “100 Excellent Auto Parts Suppliers” to select leaders in the subdivided parts industry, with the globalization of Chinese auto companies. China Automotive News also launched the 2017 “Top 100” list. The companies listed are the key partners for domestic and foreign auto companies. The list helps the entire vehicle and parts companies understand the world more clearly. The trend and pattern of auto parts industry.

Deputy General Manager of China Aviation Automotive Systems Holdings Co., Ltd. Zhou Shining

The distinguished guests, Zhou Shining, deputy general manager of China National Aero-vehicle System Holdings Co., Ltd., said: “2017' Double 100' will enable Chinese auto parts companies to inspire and forge ahead. It whips up those companies that are currently in the status quo and makes every Chinese auto parts company Can clearly understand their own level and status in the industry, recognize the current situation and direction, and establish new development tasks."

â–  18 Chinese companies have more than 10 billion yuan in annual revenue

2017 "double hundred" conference site

China is already a big country for automobile production and sales, and the parts and components industry is the basis for the development of major automobile manufacturers. China's auto parts companies still have a lot of room for development. In the past, auto parts companies in our country were boring to engage in technology, product manufacturing, and development. Today, they also need to integrate, strengthen autonomy, and promote branding. "In the international market, China's auto parts companies have become the most active force," said Zhang Yanwu, director of the automotive parts multi-media division of China Automotive News.

Zhang Yanwu, Director, Multi-media Division, Auto Parts, China Automotive News

In the "Top 100 double hundred" list of the top 100 international companies, there are 17 billion-dollar enterprises with a minimum annual revenue of 11.25 billion yuan. The parts companies in Germany, Japan, and the United States rank ahead, and are still the mainstream, and the selection of 17 Chinese auto parts companies represents the advanced strength of China's auto parts industry. In the top 100 list in China, there are two hundred billion enterprises, 18 enterprises exceed one billion, and the minimum annual revenue is 1.395 billion yuan. Zhang Yanwu said: "In the process of data collection, we can also find that more Chinese companies are trying or trying to take the road to internationalization."

â–  There is a big gap between the two lists and Chinese companies

The world’s top 100 parts and components companies are characterized by a global layout. Bosch, Continental, Denso and other leading companies have gone beyond the majority of vehicle companies in their understanding and exploration of the automotive and parts industries and have achieved technology leadership. Of the top 100 Chinese parts and components companies that were selected as among the top 100 international companies, six companies such as AVIC Automotive and Junsheng Electronics have become bigger and stronger through overseas acquisitions. Huayu Automotive and other companies that have grown up under the group system rely mainly on their joint ventures to achieve scale expansion. Fuyao, Wanxiang, etc. are Chinese parts and components companies that started their international operations earlier. Although they can be listed, there is still a large gap between the profit rate and foreign investment.

"The huge scale of China's auto market has not really produced the top 100 international companies that are known for their technology. This is inconsistent with the status of China's auto industry. China's auto parts companies still have a long way to go," said Zhang Yanwu.

In the top 100 list in China, besides the engine and transmission assembly companies such as Weichai and Xichai, which are developed by relying on the huge commercial vehicle market in China, many companies still focus on castings, interior and exterior trims, and brand influence. Not strong, core technology is not outstanding, and product substitution is strong. The gap between the top 100 in China and the top 100 in the world remains large. In the future, China's auto parts companies should continue to strengthen the independent research and development of core technologies, improve the product's advancement and added value, and conduct international joint ventures and cooperation to provide impetus for China's auto industry to become stronger and stronger.

Zhang Yanwu pointed out that a survey of relevant state agencies showed that the profitability of domestic mainstream auto parts companies is 6% to 8%, and R&D investment is about 2%. This is better than other manufacturing industries, but compared to foreign parts and components companies. Larger. The profitability of leading international parts and components companies is generally above 10%, R&D investment is maintained at 8% to 10%, and individual companies far exceed 10%. Under such circumstances, if Chinese auto parts companies do not make adjustments and efforts as soon as possible, the gap will only grow.

Zhou Shining said that in order for the current parts and components companies to develop, they must achieve internationalization, be the leaders in the subdivision field, realize synchronous development with the entire vehicle, and increase the added value of products, otherwise they will only be struggling on the brink of being eliminated. Chinese auto parts companies must fully understand the acquisition targets when implementing overseas mergers and acquisitions, and give sufficient trust to establish effective personnel assessment and incentive mechanisms. In the short term, key evaluation indicators such as profit and new orders should be established for long-term development. It is even more important to focus on the development direction of new products in the next 10 or even 20 years, and to form a unique international market competitiveness in core technologies.