Over 60% of auto parts listed companies' net profit decline
The production and sales volume of the whole vehicle has been falling, and the corresponding parts and components companies seem to be unable to escape bad luck. According to the data of the straight flush, as of July 24, a total of 56 listed auto parts companies in the Shanghai and Shenzhen stock markets announced the 2019 semi-annual report. Among them, there are 15 net profit pre-history companies, accounting for 29.41%; for various reasons, there are 41 companies with performance reduction, slight reduction, increase in losses, and first loss. According to the maximum change in the forecast net profit, the net profit fell by 36 companies year-on-year, accounting for 64%; from the lower limit of the forecast net profit, the net profit of 7 auto parts companies attributable to the shareholders of the parent company exceeded 100 million. Yuan, accounting for only 12.5%.
“The auto parts industry is operating in a low-margin state.” Jia Xinguang, chief analyst of China Automotive Industry Consulting and Development Corporation, said in an interview with the Securities Daily that, especially for companies with a high proportion of raw materials in terms of cost, Macroeconomic trends and raw material prices are particularly sensitive. In the future, auto parts companies urgently need to resist the risk by developing high-value-added products with high technical content.
It should be pointed out that due to the continuous strengthening of the dependence on core components, the current host factory requires that the price of bargaining by core component suppliers is not strong. For non-core parts with low technical threshold and large demand, all major auto companies have consciously transferred orders to local parts companies that have completed technical research and are of stable quality.
From the overall list, according to the maximum change in the forecast net profit, a total of 15 auto parts listed companies achieved net profit growth; from the lower limit of the forecast net profit, 7 auto parts companies belong to the parent company shareholders The net profit exceeded 100 million yuan, accounting for 12.5
Although the profit rate is not ideal, we will not forget the initial difficulties. Mobai Auto Parts is a potential company