A-Share Listed Auto Parts Companies - Profiles and Financial Data
China's auto part industry is in the midstream of the automobile industry chain. Upstream industries are steel, rubber, plastic and electronic components and downstream industries are whole vehicle manufacturers and auto part suppliers. There are many industries in the upstream, especially the steel industry, which is critical to the national economy. The development of the auto part industry will drive the development of upstream industries. The auto part industry is an integral part of the automobile industry. CRI estimates that in 2016, the market size of auto parts in China was over CNY 2 trillion.
In upstream industries, the prices of raw materials of the auto part industry are determined by the market prices of commodities such as steel, oil and natural rubber. In recent years, the fluctuation of the prices of such resources as iron ore, oil and natural rubber have resulted in a huge fluctuation in the prices of steel, rubber, plastic and other chemical materials, rendering pressure on the stability of the operation of China's auto part industry.
In downstream industries, the rapid development of China's automobile industry in the recent decade has also benefited the rapid growth of the auto part industry. Downstream clients of auto part manufacturing are mainly whole vehicle manufacturers and suppliers of auto parts. The concentration rate of clients is quite high, so auto part companies do not have much bargaining power in negotiations with downstream clients. However, auto part suppliers which have leading advantages in a given segment will improve their bargaining abilities through their market position and technology advantages. Therefore, they are capable of transferring costs to the downstream.
According to CRI, there are fixed suppliers of most auto parts that China's automobile manufacturers demand. In the automobile after-market, the major buyer is auto part dealers, which account for over 80%.
China also exports a large number of auto parts. In 2016, the export value of auto parts from China was USD 64.573 billion, accounting for 84.97% of the total export value of automobile products. This shows that the majority of China's automobile export is taken up by auto part export.
In this report, CRI analyzes 50 auto parts manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
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