The development of the auto parts enterprises will benefit from the policy of "Dongfeng"

The development of the auto parts enterprises will benefit from the policy of "Dongfeng" The domestic auto parts enterprises IPO and the implementation of related policies, which are aimed at the revitalization of China's auto parts industry to build car dream of power. IPO has become an important financing channel The data of the China Association of Automobile Manufacturers show ,2008-2011, the annual growth rate of output value of auto parts in China were 30.77%, 26.57%, 16.67% and 10%, 2012-2015 will be expected to maintain an average annual growth rate of 10%. In recent years, China's auto output is growing, but the growth rate dropped significantly, the growth rate of the auto parts industry also will fall. Money shortage of auto parts enterprises still exist, poor profitability, relative to the the vehicle enterprise development lag. "China Society of Automotive Engineers pay in the military, executive vice president, said the auto parts enterprises to seek listing with current industry boom is not necessarily related, more or seek to standardize management, long-term development. "The domestic auto parts enterprises get together listed many reasons behind, but overall, this is the enterprises in the tightening of bank credit, financing difficulties in the context of private lending nowhere reflects, listed domestic auto parts enterprises one of the few financing channels. "senior auto industry experts Tianyong Qiu. It is understood that, since 2009 after the restart of the IPO, the auto parts enterprises listed desire is very strong. The data show that the current total of 51 listed companies in the auto parts industry, of which 25 are listed after the completion of the IPO restart. This year, the China Securities Regulatory Commission announced more than 500 reporting companies, a total of 15 auto parts enterprises. However, in February, the three companies under the China Securities Regulatory Commission cessation order. The experts said that the domestic auto parts enterprises to bear the pressure of capital, technology, foreign auto parts enterprises are also increasingly subject to competition in the low-cost countries such as Vietnam and India in the cost of the product. Through the IPO allows auto parts enterprises have sufficient capital for the expansion of scale, in order to be able to utilize the advantages of scale to continue to reduce costs and enhance the technical strength. However, the data show, get together and market auto parts enterprises in addition to the individual involved in automotive electronics, mostly concentrated in the manufacturing of automotive plastic parts, steering gear, automobile wheels and other auto parts, not high-tech, competitive not , belonging to the second and third tier parts suppliers, its growth doubtful. The renowned automobile commentator Jia Xinguang not optimistic about the development of the domestic auto parts industry. He believes that both the vehicle manufacturer or the competent authorities have been insufficient attention to the auto parts, long-term lack of investment in parts, you want to catch up with the advanced international level is very difficult. The data show that, despite sitting on cheap labor and huge market, but the development of the domestic auto parts industry there is still the problem of small-scale enterprises, innovation is not high, and low degree of standardization. Currently, more than 5,000 state-owned and state-holding and sales revenue of 500 million yuan of non-state-owned auto parts enterprises, of which more than 80% of the annual sales of less than 100 million yuan, more than 1 billion 130 domestic nearly 70% of the cost of production of auto parts enterprises, the overall low efficiency, product quality varies greatly. About 80% of the domestic automotive technology patent application for utility model patents, invention patents less, core technology basically no grasp. The experts said that the self-development capacity of the domestic auto parts enterprises is weak, especially in the high technology content of automotive electronic products, mechanical parts and electronic control new product research and development, innovation seriously inadequate. Some auto parts enterprises declared autonomous technology are generic, the lack of core technology. In addition, standardization, serialization, and the low level of generalization is also one of the important factors constraining the domestic auto parts industry bigger and stronger. It is understood that the domestic automobile, especially cars, SUV, MPV technology from different countries, different multinational companies, due to the different standards of each company, Japanese, Korean, U.S. Department of Ashkenazi, the legal systems of the points, resulting in domestic auto parts standardization, universal, low level serialization. Prior to that, for the revitalization of the national auto parts industry, BYD, Great Wall and other domestic automobile companies not only vehicle to build their own engines, motors, controllers and even chip have to do-it-yourself, the parts supporting self-sufficiency rate was as high as 60% -70%. BYD has claimed that almost all the parts can do it themselves: In addition to the tires and glass. However, the model, such as a flash in the pan. Related companies found that its limited resources and difficult-depth study of the internal structure of the engine, motor. This year, the BYD pushing the main models growing number of Bosch parts Great Wall also signed a cooperation agreement with the international parts giant Bosch, Delphi and other news frequently published. The experts said that the policy is to play a role to guide foreign investment-oriented manufacturing and research and development of key components, from the introduction of the vehicle manufacturing. From the industrial point of view, in accordance with the steps of foreign investment, China's auto parts industry will appear two changes: the market structure will change, once the liberalization of foreign capital investment in the shares of the domestic parts than limiting the market share of its parts will continue to expand; domestic auto parts enterprises will face long-term integration, industry consolidation will improve the overall competitiveness of the domestic auto parts industry. It is understood that the foreign parts enterprises occupy the vast majority of the market share of domestic sales of auto parts, domestic parts sales revenue accounted for only 20% -25%; auto parts enterprises accounted for more than 75% of the entire industry, with foreign background owned enterprises accounted for 55%, and Sino-foreign joint ventures accounted for 45%. The domestic auto parts used in its own brand cars, lower market share. According to Jia Xinguang, when China's accession to the World Trade Organization negotiations, focus on the protection of the domestic vehicle manufacturers to take an open mind for the domestic auto parts market, car electronic fuel injection systems, engine management systems, antilock The output of the core components of the braking system (ABS), micro-motor, airbag, foreign-funded enterprises the proportion of 100%, 100%, 91%, 97% and 69%, respectively. China's auto industry policy provides joint venture equity ratio of the vehicle, but then, foreign investment in the field of auto parts did not make any restrictions. Some experts said that foreign auto parts enterprises to set up factories in China and thus occupy the domestic market requires market support, policy support, this determines the foreign auto parts enterprises need to resolve operational risks through cooperation and localization. The domestic auto parts enterprises in camouflage from the powers pretext policy Dongfeng grow rapidly become a top priority. The domestic auto parts enterprises is not only able to obtain the joint venture development opportunity itself will also be looking to the long-term development of their own development opportunities. At the same time, the auto parts enterprises should draw lessons over the years the market for technology, pay more attention to the digestion and absorption of foreign technology, improve their viability, beware of instant success, and blindly copying in order to survive in the competition with the larger development.