Analysis of economic operation data of Ningbo auto parts industry

After experiencing the baptism of the economic crisis, China's auto industry had an annual output of 13.79 million and 13.64.48 million units in 2009, a year-on-year increase of 48.30% and 46.15%, respectively, and won two world firsts, bringing China's parts and components companies A new development opportunity has come.

Structural adjustment, product gradient adjustment, accelerating the development of new products and the pace of replacement have become the focus of auto parts companies. The economic operation of the parts industry has achieved good results.

Taking Ningbo as an example, it was learned from Ningbo Auto Parts Association that at the end of 2009, there were 612 auto parts enterprises above designated size in Ningbo, and the total industrial output value of auto parts manufacturers in the city was 34.434 billion yuan, an increase of 12.1% over the previous year. The sales income reached 32.941 billion yuan, a year-on-year increase of 11.3%; of which the export delivery value was 5.8 billion yuan, a year-on-year decrease of 1.4 billion yuan; the production and sales rate was 95.67%; the above-scale auto parts enterprises realized a profit of 3.453 billion yuan, a substantial increase of 49.48. %. Overall, although the export of parts and components is limited in the large economic environment, the Ningbo auto parts industry has achieved good growth.

Comprehensive analysis of the economic operation of Ningbo auto parts industry in 2009, mainly reflected in the following aspects:

1. Production and sales growth slowed down, and the production and sales rate dropped slightly.
Ningbo auto parts industry is one of the important representatives of export-oriented enterprises in China. Affected by the international financial crisis, and due to trade disputes such as tire special protection cases, the development of parts and components enterprises has fallen into great difficulties. In this context, the overall development of the Ningbo parts industry has maintained a steady rise. Ningbo's large-scale auto parts manufacturing enterprises have completed a total industrial output value of 34.434 billion yuan, an increase of 12.1% over the previous year; realized sales income of 32.941 billion yuan, an increase of 11.3%; but from the analysis of production and sales, the rate of increase in output of enterprises has slowed down. The growth rate dropped by 16.2 percentage points year-on-year; from the perspective of sales, the growth rate also dropped by 16.3 percentage points year-on-year. The ratio of production to sales was slightly lower than the 96.3% of the whole year of 2008 by 0.63 percentage points.

Second, the annual export contraction is serious, and the recovery in the second half of the year is obvious. Enterprises are actively seeking to open up the domestic market.
HC reporter learned from Ningbo Auto Parts Association that Ningbo's above-scale enterprises have completed export delivery value of 5.8 billion yuan in 2009, down nearly 20% year-on-year, and export delivery value accounted for 16.8% of total sales, compared with the same period of last year. Compared with 24%, it decreased by 7.2%, and it also dropped further than the export sales value of 17.64% of total sales in the first half of 2009. However, overall production and sales still maintained an upward trend.

In the earlier analysis, we pointed out that the international financial crisis has led to a serious contraction in the output of major automobile producing countries and international market consumption. Many export-oriented enterprises have turned to actively expand the domestic market and seek more domestic OEM support. Both domestic and foreign markets seek to develop and develop at the same time to diversify and circumvent the risks brought about by the international market. This transformation from the outside to the inside has also become one of the important features of the auto parts industry in 2009.

From the dynamic analysis of the absolute value of the export delivery value, the export delivery value in the first half of 2009 was 2.4 billion yuan, and in the second half of the year it was 3.4 billion yuan, indicating that the export of the products has stabilized and gradually recovered.

Third, the economic benefits of the industry have increased substantially, and the signs of differentiation in production, sales, and profit
The city's above-scale auto parts enterprises realized a total profit of 3.453 billion yuan, a substantial increase of 49.48% year-on-year, an increase of 24 percentage points over the previous year; the economic benefits of enterprises continued to show a differentiation trend: the company lost 70 companies, a decrease of 7 over the previous year. Home survey statistics show that: Ningbo industry enterprises in the second half of 2008 and the first half of 2009 are the most serious period of financial crisis, both the number of loss-making entrepreneurs and the amount of losses have reached a low point, and gradually recovered in the second half of 2009, in general Under the good trend, we have seen signs of differentiation in the production, sales and benefits of enterprises. It reflects the advancement of product R&D innovation, structural adjustment and product gradient upgrade, and has strong market development ability. It has both leading strength and soft power. It has become a leading enterprise and its value added has been greatly improved. The economic benefits have increased significantly; at the same time, some enterprises have experienced a decline and decline in production and sales and benefits. This is also confirmed by the contrast between the reduction in the number of entrepreneurs and the sharp decline in the decline and decline of production and sales and the benefits of some industries.

From the comparative benefit analysis, the annual industry average output value profit rate was 10%, up 2.5 percentage points year-on-year; the industry sales profit rate was 10.5%, up 2.7 percentage points year-on-year. The labor productivity of the whole staff was 433,900 yuan/person, a year-on-year increase of 27.6%, and labor productivity was greatly improved.
Fourth, the development capability of the whole industry is rapidly increasing, and the output value of new products has increased substantially.
The total expenditure on scientific research activities of above-scale auto parts manufacturers in Ningbo is 83.58 million yuan, and the accumulated output value of new products is 12.254 billion yuan. On the basis of the previous high growth, the growth rate is 2.33 times, and the output value of new products is 35.58%. The 17% of the year doubled. This result shows that enterprises can use R&D innovation as the driving force to continuously increase investment in research and development funds and transfer of scientific and technological achievements, thereby enhancing industrial gradients and product grades to cope with and resolve the pressures brought by the macro environment to enterprises.

V. The growth of corporate investment is accelerating, and monetary policy supports the development of enterprises.
The total assets of auto parts enterprises above designated size in Ningbo increased by 5.4 billion yuan over the same period of the previous year, an increase of 15.7%. The demand for enterprises was strong. Except for production funds, the main performance was that on the one hand, enterprises accelerated technological transformation and accelerated the innovation of new products. R&D and production investment will increase the technical content and added value of the products; on the other hand, some enterprises will become challenges and opportunities, and the desire for low-cost expansion will be strong, laying a solid foundation for a new round of economic development. The increase in investment in technological transformation and mergers and acquisitions is the main reason for the rapid growth of total assets in the industry. At the same time, the total liabilities of industrial enterprises increased rapidly in a synchronous manner, an increase of 3 billion yuan over the same period of the previous year, an increase of 15.2%. On the one hand, the financial crisis has brought many uncertain factors to the enterprises, increasing the difficulty of sales and making the production and sales cycle To extend, it requires more funds; on the other hand, the company's investment is increased, and some funds need to be borrowed. The rapid growth of the total corporate debt in the industry also fully reflects the government's policy support and SMEs also benefit from loose monetary policy.

In general, the economic operation of Ningbo auto parts industry is healthy, but asset safety needs attention.

The figures show that the average asset-liability ratio of the auto parts industry is 57.5%. This proportion may be a certain drag on the rapid development of the company in the future. In particular, some high-debt-rate enterprises that are covered by the average should be more vigilant.

Macroeconomic data shows that the Chinese economy has stepped out of the V-shaped reversal, and the world's major economies have also signaled a rebound in the economy. But are the government bailout interventions continuing or are they gradually fading out? When will it last? How long does the booming state of the automotive industry last? Whether there will be cyclical fluctuations and many other factors is still what our industry needs to face. Paying attention to policy trends, grasping the development trend of the industry, objectively considering the achievements that have been made, cultivating internal strengths and enhancing the development potential will be more conducive to our continuous promotion and promotion of the healthy development of the industry.
 

Tile Cutters

Tile Cutters,Manual Tile Cutter,Rustic Porcelain Tile,Professional Tile Cutter

NINGBO SANDING EDGE MECHATRONICS INDUSTRY AND TRADE CO., LTD , https://www.sandingedge.com