Over 60percent of automotive parts companiesnet profit declines, low profit operation or normalization

category:Finance
 Over 60percent of automotive parts companiesnet profit declines, low profit operation or normalization


The automotive parts industry is operating at a low profit level. Jia Xinguang, chief analyst of China Automobile Industry Consulting and Development Corporation, said in an interview with the Securities Daily that enterprises with a high proportion of raw materials in cost are particularly sensitive to macroeconomic trends and raw materials prices. In the future, automotive parts enterprises urgently need to develop high value-added products with high technology content to effectively resist risks.

It should be pointed out that due to the increasing dependence on core parts, the bargaining power of the main engine factory to require core parts suppliers to reduce prices is not strong. For non-core spare parts with low technology threshold and large demand, major automotive enterprises have consciously transferred orders to local spare parts enterprises that have completed technical research and stable quality.

From the overall list, according to the maximum change range of predicted net profit, there are 15 listed companies of auto parts have achieved net profit growth; from the lower limit of predicted net profit, the net profit of seven auto parts enterprises belonging to the shareholders of the parent company exceeds 100 million yuan, accounting for 12.5%.

In the first half of 2019, Wanfeng Aways net profit is estimated to be 418 million yuan to 530 million yuan, ranking first in the net profit list; followed by Sitong New Materials estimated net profit of 197 million yuan to 233 million yuan, an increase of -392% to 30% over the same period of last year; Top Group maintained its profit trend and ranked third with the estimated net profit of 220 million yuan.

Among the enterprises whose net profit has risen, the growth rate is more remarkable: Molding Science and Technology, Huayang Group and Yueling Stock. In the first half of the year, the net profit of the above-mentioned enterprises has increased by more than 150% compared with the same period last year. According to the announcement, the net profit of plastic technology is expected to reach 58 million yuan to 63 million yuan in the first half of 2019, an increase of 337.53% to 375.25%.

In the first half of 2019, the forecast net profit of Huayang Group and Yueling Stock, which ranked the top in the forecast net profit growth, reached 35 million yuan to 45 million yuan and 28.7364 million yuan to 35.2674 million yuan, respectively, with growth rates of 137.67% to 205.58% and 120% to 170% respectively.

In all the automobile-related enterprises, the automobile enterprises are often the focus of attention, and as upstream parts enterprises, in the overall environment is not optimistic, it bears a greater pressure. According to the data from Tonghuashun, 56 enterprises that have announced the performance forecast of the semi-annual report in 2019 now have 15 anticipated reductions, 11 first losses, 9 slightly reduced, 7 increased, 4 continued profits, 4 increased losses, 3 slightly increased, 1 turned around losses, 1 continued losses and 1 reduced losses.

It is noteworthy that among the 41 Enterprises with loss in performance, 11 enterprises with loss in the first place almost led the list. Among them, Jingwei shares and Junda shares, which are expected to have the highest initial loss, occupy the second and third place in the loss list, with the lower limit of loss reaching 200 million yuan and 65 million yuan, respectively. Other first-loss enterprises, such as Landai Drive, Inbor and Asia-Pacific shares, have net profit losses of - 60 million yuan, - 37 million yuan and - 5000 yuan respectively, which are in front of the loss list. Column.

In response, Lin Shi, a senior automotive industry analyst, told reporters that in order to cope with the adjustment of accounting standards, many parts and components enterprises do a lot of damage to the performance of subsidiaries through integration and early payment, which is conducive to the release of future performance. In addition, automobile companies usually purchase spare parts in advance, so the impact of the cold winter of this market on spare parts enterprises will lag about half a year, spare parts enterprises have relatively sufficient preparation time.