2007 spare parts industry inventory: China's auto parts attract world attention

The rapid rise of China's auto parts industry has attracted multinational auto parts companies to increase auto parts investment in China year after year. At present, almost all auto parts companies listed in Fortune 500 have entered China and established joint ventures or wholly-owned enterprises in China. Why does Chinese auto parts attract world attention?

First, the rapid development of China's auto parts industry, the rapid increase in total indicators. In recent years, the total vehicle sales revenue of automotive OEMs has increased by an average of 28.75% annually, while the sales of auto parts and components companies have increased by an average of 36.82% annually, which is higher than the average level of the industry. In 2006, the total output value of parts and components industry reached 520 billion yuan. Yuan, a year-on-year growth rate of 35%, industrial output value reached 500 billion yuan, industry profit margin was 6.1%, and total annual profit reached 30 billion yuan. According to the current industry level, the total output value of parts and components industry in 2007 is expected to reach 670 billion yuan, and the sales value will reach 650 billion yuan. The profit rate will be around 6.15%, and the total profit is expected to exceed 35 billion yuan. By 2010, it is expected that the scale of the national spare parts market will also expand to 14,000 billion yuan.

Second, Chinese auto parts have become an important part of world purchasing. Global procurement of parts and components has become a shortcut for auto manufacturers to increase production efficiency and competitiveness. According to the statistics of the Ministry of Commerce, in the wave of global procurement, China's auto parts exports have developed rapidly in recent years, increasing by 6.6 times in five years. Products began to enter the OEM market from the aftermarket accessory market and began to shift from low-value-added products to high-value-added products. From 2004 to 2007, China achieved net exports of auto parts products for four consecutive years.

Third, the reorganization and merger of parts and components companies has achieved initial results. The socialization and specialization of parts and components production have been rapidly developed, and a new industry structure has been formed under the diversified capital structure of orderly utilization of foreign capital, improvement of the operating environment of private capital, and promotion of the benefits of state-owned enterprises. State-owned enterprises are mainly supporting systems that have been formed in the past. They are mainly based on internal support. They have begun to try to jump out of the supporting scope of the original enterprise groups and expand new space for development. Private enterprises are rarely directly matched to vehicles in the past, and many of them are The second- and third-tier suppliers have struggled in the after-sales market and export market. Foreign-funded parts and components companies have high levels of operation and management, advanced product technologies, and have an original matching relationship with multinationals' entire vehicles, showing strong competitiveness.

Fourth, China's own brand of auto parts is in the market's rising period. For example, the ACTECO engine with independent intellectual property rights developed by Chery has become the first "Chinese core" of China's sedan engine; Geely has also fully equipped the vehicle modelling, body, chassis, auto accessories, engine, transmission, and vehicle electronics. Electrical and other development and design capabilities; Hunan Jiangbin Machinery (Group) Co., Ltd. has created China's first liquid squeeze casting piston, the first wear-resistant alloy, by introducing, digesting and absorbing advanced foreign technology and continuous process optimization and innovation. Inlaid pistons and other parts and components with independent intellectual property rights. As the basis of the automotive industry, auto parts and components are necessary factors to support the sustained and healthy development of the auto industry. The independent brands and technological innovation of the vehicle require components as the basis, and the independent innovation of components and parts will have a powerful driving force for the development of the entire vehicle industry.

Fifth, the clustering effect of auto parts production is present. Divided by region, there are now six major component regions such as the Northeast, Beijing-Tianjin, Central China, Southwest, Yangtze River Delta, and Pearl River Delta. The clustering of auto parts industry can make division of labor more elaborate and more professional, and it is easier to realize large-scale, informatization, and rapid production logistics management, and significantly increase economic efficiency. At present, the main problem of clustering is to prevent simple gatherings and aggregations, and to pursue excessive scale effects. It is necessary to strengthen the government's management functions, through comprehensive and rational planning, and to transition to real industrial clusters to improve the level and effectiveness of the cluster.