At the beginning of 2016, it was time for listed companies to issue annual reports.
Although the official annual reports of various auto parts listed companies were not published in 2015, 30 listed parts companies have issued 2015 performance announcements one after another. Among them, the engine and related parts and components companies are relatively concentrated. Let us first look at them quickly.
Most of the engines and supporting enterprises' performance in 2015 is floating green
2015 was a year of precariousness. Judging from the performance forecast issued by various companies, “they look both inside and outside the industry, but green,†most of the engine and supporting company's profits fell, in 2015 was at a loss.
The performance of engine-related listed companies is worrying
Weichai Power, as a mainstream enterprise in the engine industry, recorded a 67% to 78% decrease in net profit attributable to shareholders of listed companies in 2015 compared to the same period last year. Not only that, the data shows that Weichai Power's sales of diesel engines in 2015 were only 22.94. Million units, down 49.29% compared with the same period of last year, the ranking of diesel engines fell out of the top five in 2015. Dong'an Dynamics estimates that its net profit attributable to shareholders of listed companies will be reduced by 7.5%~38.3% and between 20 million and 30 million yuan in 2014 compared with 2014, according to the company’s financial department. Steyr was still in the construction investment period due to the localization project of diesel engines, and no revenue and other factors have resulted in an engine loss of approximately 90 million yuan in 2015.
The performance of engine companies is not good, and the pressure will naturally be transmitted to the parts and components companies that are supporting them. The 2015 performance of the relevant parts and components companies such as Xiangyang Bearing, Hunan Tianyan, Bohai Pistons, and Kangyue Technology also all declined. The performance forecast shows that Hunan Tianyan’s 2015 operating results will have a loss of approximately RMB 46 million; the Bohai Pistons’ net profit will decrease by 70%~80% compared with the same period of last year; Fuda shares will also reduce by 50%~55. %.
In the Warring States era, there was no shortage of "dark horses." There are still a number of parts and components companies that have successfully broken the downturn through measures such as structural adjustment, product innovation, and downsizing, and have achieved growth in performance. According to calculations, compared with the same period of last year, Quanchai Power expects to increase the net profit attributable to shareholders of listed companies by 100% to 130% in 2015. Fulin Seiko, Haojia Co., Ltd., and Hongte Precision achieved profitability. Among them, the main business orders of precision forging technology maintained a good momentum of growth. Operating income increased by 12.74% to 13.54% over the same period of last year. Sales revenue of products in the domestic market increased by 0.56% to 1.32% over the same period of the previous year. Sales revenue of export markets was lower than that of the previous year. The year-on-year increase of 92.04% ~ 94.34%; and Hongte Precision's 2015 profit reached 36 million to 40 million yuan, an increase of 125.51% to 150.57%.
Many factors under the market downturn have made profitability difficult
In 2015, the downward pressure on the domestic economy increased and the competition in the industry intensified. The engine and related supporting companies experienced the most severe challenges in the past decade or so.
Taken together, the performance of engines and their related parts and components companies in 2015 has been inseparable from the continuous decline of the macro economy and the declining demand of the industry market. For example, Hunan Tianyan's 2015 performance forecast indicated that in 2015, the diesel engine market in the industry was stagnant, the demand for diesel engine superchargers was reduced, and at the same time, as the gasoline engine supercharger was still in the market verification stage, no substantial volume production had yet been formed. The scale decreased year-on-year; Fuda's performance forecast also showed that due to the slowdown in economic growth, the production and sales volume of commercial vehicles has been severely declining. In particular, the decline rate of heavy-duty trucks has increased. Therefore, the sales revenue of its accessory products is also increasing. Then fell.
Of course, each company has its own reasons. Steyr invested in Qinghai Hengxinrong Lithium Technology Co., Ltd. in 2015 and obtained a controlling stake. Although it achieved a strategic layout in the new energy power field, but the annual output of 18,000 tons of battery-grade lithium carbonate project is still under construction, 2015 There was no sales revenue for the year; and because the localization of diesel engines did not reach expectations, resulting in impairment of its commercial reputation, it also had a certain impact on the company's performance. Dengyun’s shares are due to the fact that its key customer, Caterpillar, failed to achieve high volume supply in the third quarter of 2015. The order of domestic existing complete vehicle supporting customers is still declining, and the existing production line is small after being upgraded. The guaranteed capacity of batch maintenance orders is limited, so it is expected to remain in a loss state throughout the year.
In addition, the industry is not in a good situation and market competition is becoming increasingly fierce. In this situation, product prices will inevitably decline. However, raw materials and other costs will not be reduced. As a result, the overall gross profit margin of products will be reduced. Therefore, the profitability of enterprises will inevitably decline. .
Adjust the structure, seek innovation to break the ebb
As mentioned above, although the market situation is not good, many companies still achieve profitability. What are the coups?
Although overall demand for the diesel engine market declined in 2015, Quanchai Power achieved better operating results by accelerating product innovation and upgrading, adjusting product mix, and strengthening internal cost control; moreover, during the reporting period, the “four products of the automotive industry†received full vehicle companies. With the widespread approval of market users, the new series of three new products of China Five and Non-Road countries have also been successfully developed and started to be introduced to the market.
At the recent business conference, Pan Zhongde, general manager of Quanchai Power, stated that in the future, Quanchai will continue to implement production consistency management, realize rapid promotion of new products within a short period of time, improve technology and product capabilities, and drive the entire value chain of Quanchai. The transformation and upgrading of the system will enable the transformation of Quanchai to the development of quality-oriented enterprises.
For Fulin Precision, its 2015 growth was mainly attributable to the new development projects including VVT, anti-rising tappets and nozzles gradually increasing in the reporting period, resulting in an increase in operating income, net profit attributable to shareholders of listed companies. It also grows with it. Hongte Precision is also due to the gradual release of production capacity of Guangdong Zhaoqing and its wholly-owned subsidiaries in Taishan, which will increase revenue and generate benefits, thus increasing company profits.
In addition, although Weichai Power's performance declined in 2015, its diversified development offset the decline in some heavy truck markets. In addition, Weichai Power continues to promote the transformation and upgrading. On the one hand, vertical integration of the commercial vehicle market is underway, and efforts are made in areas such as engineering, agricultural machinery, and shipping. On the other hand, we actively seize new opportunities and seek new development, including "All the way" and "Internet" not only launched the "WeChat Mall" WeChat public number and mobile phone APP, but also signed "Internet intelligent manufacturing" agreement with China Telecom Group, in the integration of manufacturing services, industrial big data, industrial chain and other fields Cooperation.
The effects of these new moves may not appear in a short period of time, but they may bring considerable benefits to Weichai Power in the next two to three years. Under the background of industrialization, intelligence, and interconnection, such attempts are also worthy of reference by other auto parts companies. This is a "couple" of transformation and upgrading and turning losses into profits.
[Advantages of α-linolenic acid compared to DHA]
DHA (brain gold) is one of the derivatives of α-linolenic acid. Supplementing α-linolenic acid has advantages over directly supplementing DHA:
Different medical importance: α-linolenic acid is an important nutrient in the 21st century. It is an unsaturated fatty acid necessary for the body. The human body cannot directly synthesize it by itself and must be ingested from the outside world. DHA is not. The human body's own regulation is different: α-linolenic acid is the precursor of DHA, which can provide DHA to the maximum extent according to the human body's needs. However, direct supplementation of DHA is a strong supplement that the human body cannot control itself and is prone to negative effects. Applicable to different groups of people: α-linolenic acid is helpful in regulating blood pressure, blood lipids, and blood sugar, while DHA comes from fish oil. Pregnancy-induced hypertension inevitably contains animal cholesterol, and women with gestational hypertension, obesity, and overweight cannot use it. use. The "Usage" of the secondary directory is modified to:
Direct drinking: average daily dose of 5-10 ml; drop on warm rice, bread or steamed buns, reduce to 1-5 ml for children.
Smart salad dressing: Add to cold dishes or salads.
Soup seasoning: drop into cooked porridge, soup, and milk.
Baked pastries: Use organic nutritious oils instead of hydrogenated oils or butter in baked pastries.
Homemade preparation: mix it with ordinary edible oils such as soybean oil, peanut oil or rapeseed oil in a ratio of 1:5-1:10 before consumption.
Secret combination: Take 5-10 ml of nutritious oil and mix it with sugar-free homemade yogurt or sugar-free yogurt before eating. It is a popular anti-cancer food therapy in Europe and the United States.
Jilin Chunyi Industrial Co., Ltd , https://www.jlxytruckpart.com