Why is auto parts "adversity" alone?
In the first half of 2015, the domestic auto industry market was depressed. On the one hand, the growth rate of vehicle production and sales continues to slow down, increasing downward pressure, and declining performance are cause for concern; on the other hand, auto parts companies can still guarantee sales growth in the case of slow or even declining operating income growth. The performance has steadily increased and is generally better than vehicle companies. As of July 6th, of the 113 listed auto companies, 40 had announced their performance forecast for the first half of the year, of which, among the 37 parts and components companies that had announced the first half of the year, more than 70% had achieved pre-joy. The company with the largest growth rate was Lunshi Technology. It is estimated that the net profit attributable to the shareholders of the listed company in the first half of the year will be 8 million to 9.4 million yuan, a year-on-year increase of 187.28% to 237.56%. People can not help but ask: In the adversity of the automotive industry, what are the auto parts and landscapes?
First, the forecast shows that “adjusting the product structure†is the main tone for most of the profit growth of listed auto parts companies, optimizing the industrial layout, implementing a series of cost-reduction and efficiency measures, actively expanding joint ventures and autonomous vehicle customers, and strengthening international Cooperation and overseas mergers and acquisitions, more and more Chinese parts and components companies are changing from "incremental" to "improved." For example, Huayu Automotive has upgraded its “product structure adjustment†to “optimize industrial layout†and become the core of its strategic adjustment. In addition, Huayu Automotive, a subsidiary of SAIC, is not limited to its intra-group business in recent years and is actively expanding its business outside the Group to explore business adjustment and exit mechanisms to ensure that advantageous management resources are tilted toward core businesses and important businesses. Another example is Dong An Power's “new market is gradually filling the traditional market,†and the market structure has evolved from a single traditional micro-customer to high-end micro-customers, MPVs, and light trucks .
Secondly, some auto parts companies have expanded their business scope, transformed their businesses, and added other businesses. For example, in the first half of the year, Maurice Technology made progress in the development of emerging markets, and sales rose. The two wholly-owned subsidiary companies have officially obtained production licenses. Evidence, production capacity expectations and sales recovery situation. Another example is that the main business of Shun Rong Sanqi has been transformed from a single automobile plastic fuel tank manufacturing to a dual main business with advanced production and manufacturing and modern cultural creativity. While carrying out strategic transfer of the auto parts business supporting market, the company has increased its various business indicators to a large extent since December 2014, when Sanheqi entertained into the scope of consolidation.
Thirdly, in recent years, it has continuously explored reforms and expanded its market share. “Going global†has become the choice of auto parts companies. Many small and medium-sized parts and components companies use the platform of listed companies to accelerate the acquisition of high-quality assets overseas. For example, China Ding Trading Co., Ltd. has acquired Germany's KACO Corporation, a leading European sealing company, actively integrating international technology resources, setting up European R&D centers and US R&D centers, and achieving zero-distance cooperation with global automakers. The increase in international market share has also become a listed company for parts and components. The cause of the increase in performance. In addition, auto parts companies have also taken the Internet Express, Zhuge repair car network and a series of B2B websites. Against this backdrop, auto parts companies' performance in the first half of the year rose steadily.
According to brokerage figures, the rise in the performance of auto parts companies in the first half of the year should be expected. On the one hand, as the supply prices of parts and components companies have been determined in the first quarter, the sales volume of the auto parts companies has little impact on them; on the other hand, Under the current circumstances, the revenue from auto parts will only become thinner and thinner, and businesses with new growth and high returns will stabilize business operations. Therefore, many parts and components companies are doing extension-type mergers and acquisitions, expanding their business scope, and will also play a positive role in their performance. In addition, the customer groups of parts and components companies are dispersed, which is also conducive to its stable performance.
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