In the severe cold, almost no one can easily stay away from it, so can the auto parts enterprises in the "cold winter" of the auto market.

70% of the company's net profit fell, a new low in recent years. As of September 5, about 130 domestic auto parts listed companies in a shares of Shanghai and Shenzhen stock markets have released their first half financial statements. Among them, 95 companies, accounting for about 73.08%, saw a year-on-year decline in net profit.

"This is undoubtedly due to the impact of the decline of the car market. The general environment of the automobile market has not changed, the survival of the whole vehicle enterprises is difficult, and the parts enterprises are also hard to survive. " Zhong Shi, an auto industry analyst, said in an interview with China auto news.

Increasing market pressure

In the first half of this year, for auto parts enterprises, it is difficult. Since last year, the trend of vehicle market decline has not been fundamentally changed. The decline of new energy subsidies and the transformation of national five countries and six emission standards have not only affected vehicle enterprises, but also brought unprecedented challenges and tests to parts enterprises.

According to the net profit index of the first half of the year, the data of the leading enterprises in some subdivisions of parts industry are not very good. Among them, baling technology lost 12.851 million yuan in net profit, down 219.57% year on year; Luchang technology lost 43.9606 million yuan in net profit, down 316.82% year on year; teljia lost 5.4259 million yuan in net profit, down 346.25% year on year.

According to the financial report, baling technology is one of the leading enterprises in the field of automobile radiators with its own brand in China. In the first half of this year, the sales volume of automotive heater products decreased by 33.15%, and the operating revenue decreased by 30.44%, 17.7541 million yuan less than the same period of last year. Chongqing baling Auto Parts Co., Ltd., a joint-stock company, lost 23.112 million yuan in the first half of the year. In the same period, due to the acquisition of 51% equity of Hongrun Tianyuan, a biotechnology company, the agency fee paid increased by 6.0357 million yuan over the same period of last year.

The main products of Luchang technology are intelligent cockpit, intelligent driving and automatic driving, Internet of vehicles related products and intelligent travel solutions. The main reasons for the loss in the first half of the year include the decrease of amortization amount of intangible assets, the increase of project investment of wholly-owned subsidiaries, the increase of R & D investment, and the decrease of sales revenue. Among these factors, the factors affected by the poor market situation account for a large proportion.

Teljia's main business is R & D, design, production and sales of automobile retarder. In the first half of the year, the company increased the business of Internet of vehicles development and technology application and auto parts sales. The main reason for the loss was the decrease of the company's retarder sales revenue during the reporting period.

According to industry analysis, the reasons for the decline in net profit of parts enterprises in the first half of the year are as follows: on the one hand, the decline in vehicle sales directly leads to the contraction of parts market, especially some traditional parts market, such as the decline of sales of car heater products of Baling technology by 33.15%, and the decrease of sales of car retarder of teljia, etc.

Second, due to the new product R & D just launched, the R & D investment increased, resulting in short-term funding constraints. In fact, the deeper reason for this is that in the previous years, the car market was booming, and the supply of traditional parts almost fell short of the demand, and few enterprises focused on the long-term development of advanced technology.

Third, it is caused by the increase of some expenses and costs of the enterprise itself.

Transformation makes a difference

Compared with 70% of the spare parts enterprises whose net profit has declined, less than 30% of the companies have achieved profit, most of which are low profit, only a few of them have a large increase in the net profit index, and Shenda, Xiangyang bearing, Zheng coal machinery and other companies have performed better. In the first half of this year, Shenda achieved a net profit of 392.8% year-on-year, 3995 million yuan, 516100 yuan, 110.58% year-on-year, and 731 million yuan, 60.27% year-on-year.

The main business of Shenda Co., Ltd. is the industrial textile business mainly engaged in automobile interior decoration and textile new material business, as well as the foreign trade import and export and domestic trade business mainly engaged in textile. In the first half of the year, the main source of the year-on-year increase in net profit was the investment income of about 688 million yuan from the sale of 100% equity of Shanghai Sixth cotton textile mill.

Xiangyang bearing is mainly engaged in the production, scientific research and sales of vehicle bearings and parts. In the first half of the year, the low-level operation of automobile production and sales, the decline of market demand, and the requirements of customers' continuous price reduction further reduced the profit space of parts suppliers. In addition, the continuous increase of steel and labor costs made it more difficult to operate. In this regard, the company adjusted and optimized the resource allocation in an all-round way. While fully consolidating the market share of traditional supporting facilities, the company is committed to innovation driven transformation and upgrading, expanding new products, new customers and new markets, and promoting the sustainable and healthy development of the enterprise.

The main business of Zhengzhou Coal Machinery Co., Ltd. includes production, sales and service of auto parts. In the first half of the year, the company accelerated scientific research and technological upgrading, and key scientific research projects progressed smoothly. According to the requirements of standard customers, we have carried out continuous development and improvement, developed new materials and processes such as steel and welding materials, and actively expanded the international market to promote cost reduction and efficiency increase.

"The key to the success of these enterprises is to take the initiative in transformation and upgrading, strengthen the research and development of advanced technologies that closely follow and lead the market, and constantly open up domestic and foreign markets." According to Zhong Shi, this is also the "secret" for these enterprises to win the market.