As the foundation of the automotive industry, automotive components are necessary factors to support the sustainable and healthy development of the automotive industry. In particular, the current automotive industry is undergoing vigorous and vigorous independent development and innovation, which requires a strong component system as support. The independent brand and technological innovation of complete vehicles require components as the foundation, and the independent innovation of components has a strong driving force for the development of the entire vehicle industry. They interact and interact with each other. Without the independent brand of complete vehicles, it is difficult to unleash the R&D and innovation capabilities of a strong component system. Without the support of a strong component system, it will be difficult to sustain the development of independent brands.
From January to December 2005, all automobile parts and accessories manufacturing enterprises in China achieved a total industrial output value of 38380952 yuan, an increase of 18.67% over the same period last year; Achieved a cumulative product sales revenue of 375265815 million yuan, an increase of 20.21% over the same period last year; The total accumulated profit achieved was 21462002 thousand yuan, a decrease of 9.09% compared to the same period last year.
From January to December 2006, all automobile parts and accessories manufacturing enterprises in China achieved a total industrial output value of 539704996 thousand yuan, an increase of 34.35% over the same period last year; The accumulated product sales revenue was 527234933 thousand yuan, an increase of 34.71% over the same period last year; The total accumulated profit achieved was 32605652 thousand yuan, an increase of 46.79% over the same period of the previous year; As of the end of December 2006, the number of enterprises above designated size in the entire industry was 6142.
From January to November 2007, all automobile parts and accessories manufacturing enterprises in China achieved a total industrial output value of 683525503 thousand yuan, an increase of 37.34% over the same period last year; The accumulated product sales revenue reached 663529269 thousand yuan, an increase of 37.45% over the same period last year; The total accumulated profit reached 48487363 thousand yuan, an increase of 68.61% over the same period of the previous year; As of the end of November 2007, the number of enterprises above designated size in the entire industry was 7171.
According to the industry operation from January to October 2010, the total profit of the auto parts industry is still increasing, but the growth rate is slowing down; Both import and export volumes have also increased, but imported products are mainly high margin, high value-added, high-tech products such as gearboxes and engine parts, while exported products are mainly labor intensive and resource consuming products with low entry barriers and low profits such as tires, electronic instruments, and meters. The downstream vehicle industry has experienced overcapacity for a certain period of time. Although there was an unconventional high growth rate in 2010 under various national stimulus policies, the growth rate of production and sales slowed down in 2011, and the pressure on overcapacity increased. Affected by this, the component industry may be under pressure for greater profits in the second half of the year. The main problem facing the industry is that the upstream and downstream industries are squeezed, and the industry faces dual pressures. The parts industry is a squeezed industry, lacking bargaining power over the upstream and downstream industries. Upstream raw materials mainly include steel, rubber, plastics, fabrics, etc., and their prices are ultimately determined by the prices of bulk commodities such as steel, oil, and natural rubber. Auto parts companies can only avoid risks by judging the price trend of upstream commodities. At the same time, downstream vehicle manufacturers are mostly large enterprises and groups, and they are in a strong position in the interest game with component manufacturers. They have strong negotiating ability and can transfer cost pressure to the automotive component industry. Therefore, components are actually in a sandwiched position where they are squeezed at both ends.
In 2011, China's auto parts sales output value has exceeded 2 trillion yuan, and will continue to maintain a growth rate of over 20% in the next few years. It is expected that the scale output value of China's auto parts industry will reach 2.5 trillion yuan by 2015. Since 2002, China's automobile production and sales have maintained a rapid growth for nearly 10 years, and the automobile industry has developed into a pillar industry of the Chinese economy. In 2009, China's automobile production and sales both exceeded 13 million units, ranking first in the world. By 2011, China's automobile production and sales exceeded 19 million units, ranking first in the world for three consecutive years.
With the continuous intensification of competition in the automotive parts industry, mergers and acquisitions (M&As) and capital operations among large automotive parts enterprises are becoming increasingly frequent. Domestic excellent automotive parts manufacturers are increasingly paying attention to the research of the industry market, especially the in-depth study of the enterprise development environment and the trend changes in customer demand. Because of this, a large number of excellent domestic auto parts brands have rapidly risen and gradually become the leaders in the auto parts industry. For details, see "China Auto Parts Manufacturing Industry Deep Market Research and Investment Prospect Prediction Analysis Report"!
Domestic components are mainly used for self owned brand cars, with a low market share. According to the Ministry of Commerce, foreign capital controls the vast majority of the market share of automotive components, with domestic component sales revenue accounting for only 20% to 25% of the entire industry. Automotive component manufacturers with foreign investment backgrounds account for more than 75% of the entire industry. Among these foreign funded suppliers, wholly owned enterprises account for 55%, and Chinese foreign joint ventures account for 45%, Local components are mainly used in self owned brand cars, with a low market share. In high-tech fields such as automotive electronics and engine components, foreign investment has a market share of up to 90%, with foreign investment enterprises accounting for 100%, 100%, 91%, and 69% of the production of core components such as electronic injection systems, engine management systems, ABS, airbags, and automatic transmissions.
It is becoming a global trend for automobile parts manufacturing enterprises to separate themselves from vehicle enterprises and form specialized parts groups. Almost all internationally renowned automotive and parts companies have established joint ventures or sole proprietorships in China, and more than 1000 technology joint ventures have been introduced. A group of domestic automotive and parts enterprises with high technological content, good efficiency, and large scale have gradually grown up. As the international automotive industry begins to implement the strategy of "global procurement" of parts and components and international multinational automotive enterprises implement the localization strategy, there will be a huge gap in parts and components in the domestic market. By 2010, China's domestic output value of auto parts will reach about 700 billion yuan.
In a certain period of time, despite the overall decline in the global economy, based on actual procurement practices in the past four to five years, the results of Chinese procurement are not as optimistic as many companies have predicted. Almost 80% of companies have not met their procurement volume and procurement cost reduction goals. With the appreciation of the RMB and the decline in the export tax rebate rate, China's procurement is facing greater pressure. International buyers have shifted their attention to Vietnam, India, Thailand, Australia, and other countries and regions at the same time. From the above, it can be seen that China's auto parts industry will still accelerate its growth in the current financial crisis.