Auto parts companies increase research and development efforts to break through


How can Chinese auto parts companies become bigger and stronger? The reporter raised this issue for nearly 100 auto parts practitioners. “Independent innovation, increased R&D investment” has become a high-frequency answer. Constrained by a thin foundation, monopolized foreign technology, and weak capital, it is extremely difficult for local auto parts companies to break through.

The reporter consulted 71 annual reports of listed companies of auto parts companies. Except for 10 companies that did not disclose R&D investment, the remaining 61 auto parts and components companies clearly disclosed their R&D investment status. Of the 61 companies disclosed, 41 companies accounted for more than 3% of their operating revenues for R&D in the current year; only 20 had R&D investment below 3%, of which 5 R&D investments were less than 1%. Companies that invest more than 3% in R&D investment and this year's turnover seem to be a glimpse of independent innovation by auto parts companies. Obviously, more and more auto parts and components listed companies have increased their investment in R&D, relying on their own innovation to be self-reliant, and hope to remain invincible in the big waves.

Parts companies increase R&D efforts

â–  17 companies invest hundreds of millions in R&D

In addition to the increase in the proportion of R&D investment in operating income for the current year, some auto parts companies have also begun to increase their R&D investment. Of the 61 listed auto parts companies that have disclosed R&D investment, 17 listed companies have invested over RMB 100 million in R&D, and 15 companies have R&D investments ranging from RMB 50 million to RMB 100 million. Among them, Weichai shares ranked No.1 with Rmb2.52 billion in R&D investment, ranking No. 2 and No. 3 respectively for Huayuan Automotive with R&D investment of Rmb132 million and Fuyao Glass with R&D input of Rmb390 million.

The reporter found out in the sorting that the level of business income directly affects the level of R&D investment, and when the operating income decreases, R&D investment also decreases. It is not difficult to guess that once the auto parts industry is in recession, or the business revenue of a certain year is low, it will directly affect the ratio and amount of R&D investment.

In addition, the reporter also found that Hengli Industry, Hongte Precision, Giant Wheels, Wanan Technology and other companies all invested in R&D in 2013 were higher than the same period last year, of which, Hongte Precision increased 52.41%, Hengli Industry increased by 35.11%. The increase in Wanan Technology was 19.70%.

It is undeniable that investment in R&D of some auto parts is still relatively small, and the ratio of R&D investment to operating income this year is low. It is reported that the investigation of 62 listed companies in the auto parts, auto parts companies part of R & D investment compared with the 2012 annual decline. For example, in 2013 Dengyun share R & D expenditures totaled 13.99 million yuan, accounting for 4.61% Current operating income, compared with the 2012 R & D expenses decreased 17.44%. The company believes that the reason for the decrease is that many multi-year projects have entered the completion phase, and therefore the expenditure has decreased.

â–  Lay up the ladder to the high end

Where are the research and development expenses of auto parts companies going? For most auto parts companies, the huge R&D investment once and again sets up a ladder for the company to break through to the high end.
According to HTC's introduction, in response to external competition, the company has increased R&D investment, based on the improvement of the original product quality, adopting new raw materials and new processes, focusing on the development of high-end automotive interior fabrics and various functional and environmentally-friendly apparel fabrics. , And actively seek cooperation with high-end car manufacturers to enhance the competitiveness of the enterprise market.

According to the Changchun-East announcement, the company's R&D investment is mainly used in two aspects: firstly, to follow up with the existing OEMs, synchronize R&D with the OEMs, and develop new products to ensure the existing customers’ market share; on the other hand, it is used for potential Customer needs product and reserve technology development.

Dongan Power also introduced the R&D work of the company in detail. It is reported that in 2013 Dongandongli R & D focus on continuing to promote market-oriented product development work, while accelerating new product development projects with long-term development potential. Among them, the M series three-cylinder supercharged engine platform development work was carried out. The product design was completed at the end of September 2013. The first prototype assembly and ignition were successfully completed in December 2013, and the initial performance test was completed. The performance test result exceeded the design index. . The M series dual VVT engine has completed non-working prototype performance calibration and reliability test work, and developed market adaptability. The coordination with the depots of Baoding Chang'an Bus, Beiqi Foton, Xinlongma and other vehicle depots has progressed smoothly. The M Series four-cylinder forerunner engine develops distribution projects for vehicle manufacturers and carries out various technical coordination tasks.

â–  Continue to develop "future" technologies

An industry source told reporters that due to the emphasis on technological innovation in enterprises, Bosch has continuously increased investment in R&D and accumulated "future" technologies so that it can accurately grasp the direction of future development of automotive technology and always be at the forefront of the times. From the annual reports of listed companies in 2013, it can be seen that many auto parts companies are also focusing on the research and development of future automotive technologies when they invest in R&D.

At the time of the forthcoming implementation of the National IV, Anhui Quanchai Power Co., Ltd. has developed a 4B1-88C40 diesel engine that meets the national five emission standards. It is reported that this product adopts international advanced electronically controlled high pressure common rail, exhaust gas recirculation (EGR), supercharged intercooling, post-processing (DOC POC), on-board diagnostic system (OBD) and other technologies, as well as the body and cylinder of the diesel engine. The cover and cooling system are optimized.

The company's automotive engine parts company Xipu is not only committed to researching products that meet the current needs of engine companies, but also intensified research and development of electronic water pump projects, and actively carried out sample delivery and trial production for enterprises.

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