From the overall development situation of China's parts and components enterprises, enterprises are paying more and more attention to the improvement of core technologies, flexibly using overseas R&D teams or jointly upstream and downstream enterprises to jointly develop and produce high-precision and high-value parts and components, and constantly adjust them. Enterprise product structure, optimize production mode, and improve corporate net profit. It can be said that the "autumn harvest" of the auto parts industry this year is much more profitable.
External acquisitions benefit growth According to the statistics of auto parts listed companies in the third quarter of this year, the total operating income of 81 auto parts companies including statistics in the first three quarters of this year was about 274.33 billion yuan. Among them, the operating income of 62 enterprises has increased compared with the same period of last year, accounting for 77% of the total number of enterprises. There are 44 companies with operating income growth of more than 10% year-on-year, and a total of 22 companies' operating income exceeded 3 billion yuan. From the net profit attributable to listed shareholders (hereinafter referred to as “net profitâ€), the total net profit of 81 auto parts companies was about 19.652 billion yuan, nearly 80% of the company’s net profit increased year-on-year, and 34 companies’ net profit increased more than the same period last year. 20%.
The scale of Weichai Power and Huayu Automobile's operating income led other companies, achieving 56.146 billion yuan and 54.125 billion yuan respectively. Weichai Power's revenue growth rate was 29.57%, mainly due to the fact that Weichai completed the acquisition of the equity of Germany KION Group and Kate was included in the consolidated statement. At the same time, Weichai Power's net profit for the first three quarters reached 4.445 billion yuan, a year-on-year increase of 64.35%. Also benefiting from the acquisition, Huayu Motor's revenue in the first three quarters increased by 6.81%, and net profit increased by 34.81% from the same period of the previous year to 3.464 billion yuan. As a comprehensive component company, Huayu Automotive continued to maintain a steady growth in the domestic passenger vehicle business and completed the acquisition of the original 50% equity of Yanfeng Visteon Automotive Trim Systems Co., Ltd., further enhancing the company's performance.
In the first three quarters of the year, Xiangyang Bearing's operating income was close to 1 billion yuan, with a growth rate of 67.04%. The growth rate was the highest among all statistical enterprises, and the net profit was 14.9 million yuan. As a veteran state-owned enterprise, Xiangyang Bearing has been looking for new business growth points due to poor traditional business. According to the data, the net profit of Xiangyang Bearing in the first three quarters of last year was only 548,000 yuan, and the annual profit was only 3.16 million yuan. After completing the control of 89.15% of the shares of Polish Krasnik Rolling Bearing Co., Ltd. at the price of 203 million yuan in the second half of last year, Fuyang Bearing was able to achieve the turn-around and achieved the first case of overseas acquisition of Chinese automobile bearing enterprises.
In the first three quarters of Dongfeng Technology, its operating income increased by 62.64% year-on-year, exceeding RMB 3.6 billion. The report shows that the addition of Visteon revenue is one of the reasons for revenue growth. However, due to a 56.14% year-on-year increase in operating costs, taxes and management fees increased significantly. Dongfeng Technology's net profit increased by only 0.73% to approximately 156 million yuan. The net non-net profit attributable to shareholders of listed companies decreased by 14.09% year-on-year. It is about 133 million yuan.
The decline in revenues, the troubles of enterprises, and the development of auto parts listed companies are not smooth sailing. Among the 81 enterprises including statistics, the operating income declined due to various reasons. Among them, ten companies including Hengli Industry, Hunan Tianyan, Qingdao Double Star, *ST Dongan and S Jiatong fell more than 10%.
In the first three quarters of this year, Hengli Industrial's operating income was 42.49 million yuan, a decrease of 38.64% compared with the same period of the previous year, and the loss was 16.37 million yuan. The report shows that the decline in revenue of Hengli Industrial in the current period was due to the decrease in sales of the holding company Shanghai Hengan Air Conditioning Equipment Co., Ltd. due to the relocation. Last year, Hengli Industrial carried out the share-trading reform, suspended the listing time and lost customer orders. In addition, Hengli Industrial was investigated by the China Securities Regulatory Commission for suspected information disclosure violations, which also had a greater impact on the company's operating conditions.
The monthly revenue and profit of Hunan Tianyan, which has been listed for more than half a year, has not yet made a new breakthrough. The operating income in the first three quarters was 444 million yuan, down 20.67% year-on-year; the net profit was 21.65 million yuan, down 46.1% year-on-year. Hunan Tianyan's main commercial vehicle diesel turbocharger market has not improved, gasoline engine turbocharger small batch trial installation, limited income. From the perspective of market demand, Hunan Tianyan gasoline engine supercharger still has good development opportunities. Compared with other companies with declining revenues, Qingdao Doublestar's performance is remarkable. The competition in China's tire market is cruel, most tire companies have relatively low profit margins, and revenues have fallen sharply. In the first three quarters, Qingdao Double Star's operating income fell by 20% year-on-year to 3.22 billion yuan, and net profit reached 41.08 million yuan, a significant increase from the same period of the previous year. According to the report, this year, Qingdao Double Star has carried out business model innovation, focusing on product structure adjustment, promoting high-end products, high differentiation, high added value and low retreat rate, and launched product development to meet user needs. New products that meet the user's value demands, such as Bally, Jungu, and Iron Cloth, have improved profitability.
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