The overall decline in the automotive industry slowdown in construction machinery industry

As of July 26, according to flush statistics show that Shanghai and Shenzhen listed a total of 48 auto parts companies announced the 2016 semi-annual report notice. Among them, 42 companies net profit accounted for 87.5% of the total number of enterprises; in accordance with the notice of net profit maximum fluctuation range, the net profit fell enterprises reached 13, which means there are nearly thirty percent of parts enterprises profit gains compared with last year suffered landslides. Wherein Dengyun Shares more suspicion of illegal information disclosure, by the Commission to initiate an investigation, the company announced, suggesting that might be the implementation of the Stock Exchange delisting risk warning and suspension of listing.

By the automobile market slowdown, the domestic many independent parts or take the diversified development, leveraging the capital markets or to expand the international market operations, in response to "drop in price minus the" market situation. Data show silver wheel Shares 35% of revenue comes from the export market, and became Cummins, Ford, GM's strategic suppliers. Whereby net profit rose 10% to 20%, reaching 110 million yuan -1.3 billion.

Chief analyst at China National Automotive Industry Consulting Development Corporation Jia Xinguang "Securities Daily" reporters said that China's auto parts enterprises should be based on the one hand, mergers and acquisitions, joint ventures defense multinational impact, but also years of industry should seize this opportunity for development of deep integration strengthen independent research and development and improve product quality, enhance the competitiveness of enterprises.

The company forecasts net profit fell refrain

Statistics show that the net profit from the changes in the notice, the 48 auto parts profits of listed companies income showing a "rose more or less," the overall situation for the better. Among them, 35 different companies net profit The degree of growth, a slight increase of 16, 10 pre-increase, eight continued surplus, a turnaround, including Hejia, lion science and technology, science and technology, including seven Masson companies net profit increase double; net profit is expected to decline enterprises have 13, accounting for refrain. Among them, the first loss is solid gold shares, or more than 240%. The remaining companies to maintain an average decrease of between 15% -65%.

The expected loss amount of ranking * ST Hengli, the loss amounted to 9.5 million yuan -1250 million. The reason for the loss, had "Phi Star hats" of * ST Hengli obviously do not want to say, only a handful of "production and sales decline," six words as a performance decline in reply. While on the platform of investors, shareholders face a further challenge, the company has no sound.

Commercial vehicle market, especially in the heavy truck market sales decline, resulting in a number of Dengyun including shares in diesel engine parts business performance has fallen sharply as the main business. Notice shows that the first half net loss Dengyun shares of 6 million yuan -900 million.

In fact, in 2015, it appeared Dengyun shares 53.11 million yuan loss, its auditors ShineWing CPA issued qualified opinion on the audit of its 2015 earnings announcement. In this year June 30, the company announced that, on suspicion of illegal disclosure of information the Commission is to initiate an investigation, the company's stock is facing delisting and suspension of the implementation of the risk of being listed.

"Ushered in the auto parts industry growing pains." Jia Xinguang accept the "Securities Daily" reporters, he said that despite the large group of individual parts of the company's development momentum is still strong, but most of the auto parts business development situation deteriorated.

As it can be seen, by the macroeconomic impact, showing growth slowing auto market trend, making auto parts business performance also Nanjinrenyi, transformation and upgrading urgently. Ping An Securities researcher Wang Dean believes that the future of zero Member will toward energy conservation, new energy, intelligence, vehicle networking trend. Next few years, passenger car fuel consumption decrease stress, simple domestic vehicle control as an entry point to the involvement of parts enterprises will not be good.

Parts business transformation proceeds

Despite the auto industry growth continued to slow, the overall decline in construction machinery industry is now and industry overcapacity and other factors constraints, but there are still some companies creating wealth. From the current half-year results published notice parts enterprises, the excellent performance of the company a lot of people. As of July 26, according to the notice of the lower net profit statistics, the highest net profit Wanfeng Auto Trailer, reaching 400 million yuan.

In this regard, Wanfeng Auto, said the company through optimization, improvement of technology, as well as tapping the potential of automation equipment and other measures to improve the internal management of the market structure, is expected to achieve net profit of 400 million yuan -5 million results, an increase of 20% -50%. Meanwhile, the company expects the current business year compared to the performance of last year will continue to enhance the sound.

In fact, under the weight of a lot of independent domestic parts enterprises have accelerated the pace of transformation and upgrading, or take the diversified development, leveraging the capital markets or seeking overseas acquisitions. Among them, Guangdong ambitious, Hongte Precision aluminum engine castings and other companies hit the market demand for lighter, faster earnings growth; variable valve system Fulin Precision sales rose 73.47 percent, gross margin as high as 39.09%, becoming the enterprise Important profit growth industry.

The engine parts companies are also actively expand the international market operations, to high-end development, in response to "drop in price minus the" market situation. Data show that 35% of the silver wheel of shares of revenue from the export market, and became Cummins, Ford, GM's strategic suppliers. Whereby net profit rose 10% to 20%, reaching 110 million yuan -1.3 billion.

Jia Xinguang told reporters that the entire auto auto parts market situation or slow recovery will continue, but inter-enterprise level will be opened, do not rule out individual companies will have sprung up everywhere. Jia Xinguang that the auto parts industry and perhaps a few years it is expected to pick up loyal. But this period, if the enterprise timely and moving, grasping time machine, is expected to occupy a place in the future market.

"China's auto parts enterprises should be based on the one hand, mergers and acquisitions, joint ventures defense multinational impact, in order to ensure stable market share of the enterprise; on the other hand should grasp the depth of integration in recent years industrial development opportunities through innovation Technology to achieve sustained and healthy development, especially the new energy auto parts business, smart auto parts enterprises should strengthen independent research and development and improve product quality, enhance the competitiveness of enterprises. "Jia Xinguang said.