China's auto parts industry 13th Five-Year Plan Forecast
Five characteristics of the development of the “Twelfth Five-Year†parts industry 1. Continued rapid growth, sharp increase in profit pressure
During the “Twelfth Five-Year Plan†period, China’s auto market achieved prosperity and the auto parts industry continued to grow rapidly. According to statistics, China's auto parts manufacturing industry sales revenue increased from 1.5 trillion yuan in 2010 to 2.9 trillion yuan in 2014, and is expected to exceed 3 trillion yuan in 2015. In addition, the export value of China's auto parts increased from US$41.364 billion in 2010 to US$64.617 billion in 2014.
However, in the case of intensified market competition, especially after the auto market entered the “new normal†of micro-growth in the past two years, the profit pressure of the auto parts industry has gradually increased. According to the statistics of authoritative organizations, the total sales of 94 auto parts listed companies in the first half of 2015 was 201.01 billion yuan, a year-on-year increase of 4.59%; but the total net profit was only 12.962 billion yuan, down 42.11% year-on-year.
This shows that although the auto parts enterprises developed rapidly during the “Twelfth Five-Year Plan†period, the benefits were not good, the income was not much, the profit rate was low, the development process was difficult, and they experienced various twists and turns. This is a core issue encountered by most auto parts companies in China.
2. Foreign capital drives straight into the country and fights stubbornly.
In the past five years, foreign auto parts companies have been in China for a long time, and they have comprehensively laid out their positions. This has not only consolidated the status of supporting joint ventures, but also achieved full coverage and independent coverage in the process of upgrading their own brands. Brand parts and components enterprises form a comprehensive "encirclement and suppression".
Foreign-funded parts and components enterprises can drive straight into the market, mainly because of the lack of leading force of independent brand parts and components enterprises. The fundamental reason is that independent brand vehicle enterprises are not the dominant force in the automobile market. At present, China's commercial vehicle industry is dominated by independent brands, and the leading force for parts and components supporting trucks and buses is relatively strong. However, in the most important passenger vehicle industry, especially in the car sector, China's parts and components enterprises have not yet dominated, so the supporting capacity and growth of self-owned brand parts and components in the car sector is relatively poor.
3. Private enterprises are active, and the development of state-owned enterprises lags behind
Most of China's auto parts companies are private enterprises, such as Qianjiang Spring, Tianjin Tianhai and other auto parts sub-sectors are also private enterprises. The biggest problem for state-owned auto parts companies is that they rely too much on the big automobile group. It is relatively easy, convenient and easy for the big auto group to support. This has caused the state-owned parts suppliers to “lie†in their own supporting systems. The enthusiasm for development, innovation and reform is not as good as that of private enterprises.
Relevant industry experts said that the entire industry should implement mixed ownership reform. The parts industry is a completely competitive industry. In the automotive industry, the parts industry should take the lead in implementing the reform of mixed ownership. However, the reform of state-owned parts companies has not yet reached this stage, so the internal innovation power is insufficient and the external innovation pressure is not enough. The Third Plenary Session of the 18th CPC Central Committee and the Fifth Plenary Session mentioned the reform of mixed ownership, and auto parts enterprises should actively carry out reforms and reforms. The implementation of the shareholding system and mixed ownership system enables state-owned component suppliers to build intrinsic innovation. The most important way to stimulate internal innovation is to hold shares in management. In this regard, SAIC has made a big breakthrough and has announced that it will implement a management shareholding system. In turn, the parts companies under the automobile group should carry out such reforms. The key to reform is to enhance the vitality of the enterprise. The main body of the supply side is the enterprise, which creates supply and creates demand through innovation. In the future, the reform of state-owned enterprises needs to accelerate the pace, in order to truly activate the enterprise, let the superior enterprises grow up quickly and healthily, and let the disadvantaged and unhealthy enterprises quit smoothly and orderly.
4. Breakthroughs in key technologies and insufficient innovation capabilities
During the “Twelfth Five-Year Plan†period, China's auto parts enterprises have made breakthroughs in some key technologies, such as ABS in Zhejiang Asia-Pacific, 8AT in Weifang Shengrui, Hybrid Power System in Suzhou Green Control, and High Pressure Common Rail System in Liaoning Xinfeng.
It is worth mentioning that 8AT. In 2015, the biggest breakthrough in China's auto transmission industry was the mass production of Shengrui 8AT. The breakthrough of 8AT made China's automatic transmission stand at a high starting point and occupied the highest point of independent technology. At present, the mainstream automatic transmission on the market is 6AT. Reports show that the trend of energy-saving technology in the United States in the next 10 years will be converted from 6AT and 7AT to 8AT. At present, China's private enterprises have developed 8AT. At present, Shengrui is building 8AT Industrial Park in Weifang. Its 8AT production will reach 100,000 units next year and may increase to 300,000 units in the future.
However, the technology to make breakthroughs is still a minority. At present, the innovation capability of China's auto parts enterprises is still insufficient. An important performance is that R&D investment is not high. According to statistics, China's auto parts industry R & D investment accounted for less than 2% of operating income, far below the world's advanced level of 7% to 10%.
According to the statistics of authoritative organizations, in 2014, 83 auto parts listed companies released detailed data on R&D expenditures. The accumulated R&D investment of 83 enterprises was 12.862 billion yuan, accounting for 3.88% of the average operating income of the year. Among them, 17 companies accounted for more than 5% of R&D investment. It should be said that the auto parts listed companies are the best in the industry, and the research and development ratio of many small and medium-sized parts enterprises is far from this average value. Therefore, the level of innovation investment of China's parts and components enterprises needs to be improved.
5. The industrial layout has been improved and the structural adjustment is underway.
In recent years, China's auto parts industry has shown a cluster development trend, and has formed six major auto parts cluster areas in the Northeast, Beijing-Tianjin-Hebei, Bohai, Central China, Southwest, Pearl River Delta and Yangtze River Delta. The output value of components accounts for about 80% of the entire industry. Among them, the output value of the Yangtze River Delta parts accounted for about 37% of the total, which is the largest area of ​​domestic auto parts production; Shanghai is the country's largest parts industry base, with output value accounting for 20% of total output; Zhejiang and Jiangsu account for about 17%.
According to relevant industry experts, from the perspective of the development of China's auto industry in recent years, the layout of the industrial clusters led by automakers will be changed. In the future, the headquarters of R&D centers of auto parts enterprises should gather in large cities and gather in central cities. Conducive to the coordinated development of vehicle and component companies.
"13th Five-Year" Parts Industry Development Plan
From the perspective of industrial concentration, by 2020, the output value of the top 30 major component group companies will increase from the current 20% to 30%.
From the point of view of brand competitiveness, by 2020, through innovation, we will support some Chinese brand enterprises and develop 10 to 15 independent parts and components enterprises with international competitiveness, among which individual parts and components are among the internationally renowned brands.
From the perspective of market development, by 2020, the share of the core components of domestic independent brands will increase to 30%, and the total output value of parts and components will increase to 10%.
From the perspective of industrial platform development, by 2020, make full use of existing industry service resources, build a comprehensive platform for parts development, and promote the healthy and rapid development of the industry; initially build a third-party service platform for parts and components, and build a quality credit platform for parts and components.
From the perspective of industrial cluster development, by 2020, two or three national-level featured component demonstration bases and agglomeration areas with comprehensive functions of parts, headquarters, R&D, and sales will be built.
From the key components of energy-saving vehicles, we promote high-efficiency internal combustion engines and their key components, electronic control systems, hybrid electric motors/batteries/special engines, medium and low voltage power and energy recovery technologies, high-efficiency automatic transmissions and their key components, and lightweight components. The development of components will increase the market share of Chinese brands. By 2020, the average fuel consumption of new cars for energy-efficient vehicles is better than 5L/100km, and the market share of key components of Chinese brands exceeds 50%; the average fuel consumption of commercial vehicles is close to the international advanced level, and the market share of key components of Chinese brands exceeds 70%.
From the key components of new energy vehicles, we will promote key cores such as power battery systems, drive motors, motor controllers, fuel cell systems and stacks, motor couplings, extended-range engines, high-pressure assemblies, vehicle controllers, and lightweight body. Parts and components are self-contained to meet the development needs of the new energy automobile industry. By 2020, in the field of new energy vehicles, key systems such as power batteries and drive motors have reached the international advanced level, and the market share of Chinese brands is 80%.
From the perspective of key components of intelligent networked vehicles, we will promote the development of vehicle optical systems, vehicle radar systems, vehicle high-precision positioning systems, vehicle-mounted interconnect terminals, and integrated control systems to enhance the market share of Chinese brands. By 2020, in the field of intelligent networked vehicles, master the key technologies and supply capabilities of sensors and controllers to meet the scale development needs, and the product quality has reached the international advanced level.
From the reinforcement of parts and components research and development, by 2020, we will actively guide key auto parts enterprises to increase R&D investment and technology development, and realize the minimum annual R&D investment of key components enterprises to account for 4% to 5% of the main business income.
From the improvement of the quality of parts and components, by 2020, the quality of China's branded parts and components will be greatly improved, basically reaching the international advanced manufacturing level and capacity, and building a high-level and low-cost parts supply system that meets the development of the whole vehicle.
Automotive components are the foundation for the development of the automotive industry and an important part of the automotive industry. Looking forward to the “Thirteenth Five-Year Planâ€, “Made in China 2025†has drawn a roadmap for the development of the auto parts industry, pointing out the transformation from Chinese manufacturing to China under the guidance of intelligent manufacturing, and helping China transform from a big automobile country to a car power country. . In the future, domestic parts and components enterprises will focus on the continuous improvement of their capabilities in products, technology and enterprise management, and strive to become bigger and stronger. Foreign-funded enterprises will combine their characteristics of the Chinese market to develop their technological advantages and seek better development.
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