As of August 31, 2015, a total of 94 listed auto parts companies disclosed the 2015 first half year report. Statistics show that in the first half of this year, the total operating income of 94 auto parts listed companies was 2011.10 billion yuan, an increase of 4.59% compared with the same period of last year; net profit (this version of "net profit" refers to "shareholders of listed companies. "Net profit" did not perform well. Affected by the sluggish domestic auto market and rising raw material costs, the total net profit of 94 listed companies was 12.962 billion yuan, down 42.11% year-on-year.
Total profits of 94 parts listed companies plummeted 42%
Operating income increased net profit reduction
According to the statistics of the reporters, the operating income of 57 companies listed on the list of 94 auto parts and components has increased year-on-year, accounting for 60.63% of the total number of statistics. Of these, 21 companies have grown their operating income by more than 20%; at the same time, there are 58 companies in the net. Profits have increased, accounting for 58.51% of the total number of statistics, and a total of 30 net profits have grown by more than 20%. Even so, the slump in the auto market in the first half of this year still affected auto parts companies. Among the 94 listed companies, 37 saw operating revenue decline and 36 net profit fell.
According to the data, Weichai Power ranks second in revenue with operating revenue of 36.455 billion yuan, an increase of 6.87% year-on-year, but net profit has fallen by 74.26%. The semi-annual report showed that due to the slowdown in macroeconomic growth, the fall in the growth rate of fixed asset investment, the sluggish manufacturing industry, and the stimulation of advance consumption by the National IV emission standards, the domestic heavy truck market continued to slump and sales fell sharply. Weichai Power in the first half of this year sales were 295,500, down 31.13 percent year on year; at the same time, total sales of heavy truck engines 64900 units, down 61.5% year on year; Landking WP5, WP7 engine sold 5905 units, down 18.5% year on year. The increase in operating revenue was due to the steady increase in the passenger car market, which was due to the favorable factors such as the urbanization and the rapid growth of new energy passenger vehicles.
In the first half of this year, Ningbo Huaxiang’s revenue from the production of automotive interior and exterior trims and electronic products increased by 14.00% year-on-year to 470 million yuan, while net profit decreased by 43.87% year-on-year. Its semi-annual report shows that the increase in operating revenue mainly comes from the increase in sales of its customers; while the decline in net profit is due to the uncertainty in the production costs of auto plastic interior parts, the increase in labor costs, the squeeze in profitability of enterprises, and the preliminary availability of new technologies and new products. R & D investment and other factors.
Decline in the commercial vehicle market caused engine-related companies to decline
Statistics show that the operating income and net profit of 19 auto parts listed companies have both declined. Analysis of these companies found that mainly engine-related companies and tire companies.
In the first half of this year, China’s commercial vehicle market continued its sluggish state last year, with 1.766 million vehicles and 1.754 million vehicles being produced and sold, respectively, down 14.9% and 14.4% from the same period of last year. Affected by this, the domestic diesel engine market is also in a downturn, which has led to a significant decline in the performance of engines and related companies in the first half of this year.
Affected by the continuous slowdown in the growth rate of the automotive industry, the overall decline in the construction machinery industry, and the overcapacity of related industries, in the first half of this year, Shanghai Diesel Engine Co., Ltd. achieved sales of 28,600 diesel engines, a year-on-year decrease of 19.91%, and achieved operating income of 1.159 billion yuan. A year-on-year decrease of 27.54%. At the same time, the Changchun One-East Semi-annual Report also showed that due to the downturn in the commercial vehicle market, its operating income fell by 25.12% year-on-year to 261 million yuan, and net profit decreased by 58.91% year-on-year. In addition, the declining performance is also related to the fact that the new product development cycle has not yet formed sales revenue.
According to the Hunan Tianyan semi-annual report, the sales volume of major heavy truck companies such as Yuchai, Weichai, and Xichai has decreased by 10%~23.77% year-on-year, plus the market transition period of the country's IV switching, the company can support The number of heavy-duty supercharged diesel engines also fell, and the gasoline engine supercharger was still in its infancy. At the same time, affected by market competition, each host plant increased the price reduction of its supporting enterprise products. Therefore, Hunan Tianyan achieved operating income of 263 million yuan in the first half of the year, a year-on-year decrease of 17.73%, and net profit decreased by 79.29% year-on-year.
Multiple factors make it difficult for tire companies to develop
In recent years, domestic tire companies are facing various pressures for survival. Not only the uncertainty of the prices of major bulk raw materials such as petroleum and rubber, but also the downward pressure on product prices brought about by excess capacity in the industry, and the “double reverse†investigation conducted by foreign companies on tire companies in China. In the first half of this year, the operating income and net profit of major domestic tire companies, such as Aeolus shares, giant wheel shares, and Tire Tire A, declined to varying degrees.
黔 Tire A and S The Giti semi-annual report shows that in the first half of the year, Western countries represented by the United States imposed tougher trade barriers on China’s tire exports, resulting in a sharp fall in China’s tire exports. At the same time, the domestic market demand has shrunk, and the average operating rate of enterprises has hovered around 60%, which is a 10% drop from the same period of last year.
At the same time, in the first half of this year, Sailing Stock's operating income fell by 7.43%, net profit fell by 46.87%; operating income of Aeolus fell by 17.73%, net profit fell by 20.84%; operating revenue of giant wheel shares fell by 0.75%, and net profit declined by 14.94%. Although tire companies have taken measures such as product upgrades, market expansion, and cost reductions, they have also actively catered to the national “Internet Plus†and smart factory policies for distribution, but the short-term effect is not obvious; and given the serious overcapacity in the tire industry, products Unreasonable structure, I am afraid that in a short time can not change this downward trend. This also means that tire companies need to work harder to take practical actions to promote the overall transformation and upgrading of the tire industry.
Reviews
In the first half of this year, a total of 74 listed companies disclosed their R&D data, of which, 64.86% of the company's R&D investment achieved year-on-year growth. The semi-annual report shows that these R&D investments are mainly used for the development of new products and the improvement of new technology.
With the slow growth of the automotive market and the dilution of profits from traditional auto parts, many companies still achieve revenue and net profit growth, and they are inextricably linked to new products that they actively invest in R&D and card and market suit the needs of market development.
From the component breakdown industry, the power system, chassis system and tire industry performed poorly in the first half of this year. Among them, the performance of the power system is the worst, and the overall net profit of the industry has also fallen by nearly 50%. This aspect is related to the pressures of various production costs such as the depressed market environment and raw materials of the industry. On the other hand, it also shows that the profit margin of the traditional auto parts industry has become smaller, and companies need to take measures to improve their profitability.
Type SP is all metal material, suit for abrasive duty.
Type SPR is elastomer protected, suit for
acid / abrasive duty.
Type SP and SPR pumps are vertical, centrifugal slurry pumps submerged in sump to work. They are designed for delivering abrasive, large particle and high density slurries. These pumps have no need of any shaft seal and sealing water. They can also be operated normally for insufficient suction duties.
which is suited for the working condition of deeper level. The guide bearing construction is added to the pump on the basis of the standard pump, so the pump is with both more steady operation and wider application range, but flushing water should be attached to the guide bearing.
Wet parts of type SP pump are made of abrasion-resistant metal
All parts of type SPR pump immersed in liquid are lined with rubber outer liner. They are suited to transport no-edge angle abrasive slurry
The type with [L" is a sump pump of extension shaft series, which is suited for the working condition of deeper level. The guide bearing construction is added to the pump on the basis of standard pump, so the pump is with both more stable operation and wider application range. But flushing water should be douche the guide bearing.
Submersible Slurry Pump
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