Taking advantage of this large ship in the vehicle factory, many domestic parts and components companies have achieved a lot in 2009. The listed companies of auto parts, such as Fuyao Glass and Zhongding Stock, have announced performance announcements. The domestic parts and components listed companies have a collective carnival scene. Including unlisted third-tier suppliers, they also benefited from the surge in auto consumption in 2009. Share a feast A few days ago, Fuyao Glass announced a performance forecast, a simple calculation, it is expected that the company's net profit in 2009 will exceed 800 million yuan, an increase of more than 330% over the same period last year. Fuyao Glass stated that the company's performance has increased significantly, mainly due to the rapid development of the Chinese auto industry and the development of the auto glass export market, as well as the optimization of its liability structure and the reduction of its financial expenses. In addition, the adjustment of the company's business structure has a positive impact on its performance. Fuyao Glass has faded out of architectural float glass and is more focused on the development of automotive glass. Fuyao Glass is the largest automotive glass manufacturer in China, ranking fourth in the world and accounting for 10% of the global automotive glass market. In the domestic OEM matching market, the market share of Fuyao Glass has reached nearly 60%. However, in 2008, as a result of asset impairment losses, Fuyao Glass's net profit was only 250 million yuan, a year-on-year decline of 73.17%. Weichai Power (000338.SZ) is a manufacturer of engines and parts for domestic diesel [reviewed image forums], mainly supporting commercial vehicles such as China heavy trucks. Weichai Power has yet to publish the 2009 annual performance forecast, but its third quarter report shows that the company achieved operating income of 9.638 billion yuan in the third quarter, an increase of 29.31%. The net profit attributable to the shareholders of the listed company was 1.16 billion yuan, a year-on-year increase of 224.99%. Huayu Automotive, a first-tier supplier for SAIC Motor, has gradually become one of the leading newcomers in parts and components listed companies. In the third quarter of 2009, Huayu Automotive achieved operating revenue of RMB 7.71 billion, a 16% increase from the previous quarter; sales gross profit margin was 15.93%. In the first three quarters, the cumulative operating income of Huayu Automobile was RMB 15.788 billion. At present, the company has not released the 2009 performance forecast, but its net profit in the first half of 2009 increased by more than 1000%. Compared with 2008, the performance of listed auto parts companies in 2009 has been "changing over and over again." In 2008, the total operating income of 63 domestic auto parts related listed companies was 406 [review picture forum], which was an increase of 5.69% year-on-year. The net profit attributable to the parent company was 7.154 billion yuan, a sharp drop of 53.74% year-on-year. However, this year has seen a significant increase. Small company trouble In 2009, the Development Research Center of the State Council issued the "Car Blue Book." Statistics show that at present, the proportion of domestic large auto parts enterprises is less than 1% in the whole industry, and that of large and medium-sized enterprises is less than 15%. The market share and manufacturing capacity of 90% of local parts and components companies are all concentrated in low-end products. The remaining 10% of local companies involved in high-end products have also entered into joint ventures with foreign companies. In 2008, the scale of China's spare parts industry was 950 billion yuan, of which 39.4% was concentrated in foreign-funded parts and components companies, and the average individual company's output value was 310 million yuan. In the main force, the average output value is only 30 million yuan. “Because of the weak research and development capabilities, the market share cannot be guaranteed. Over time, a vicious circle has been formed. In the event that domestic auto parts and components are subject to human control, they will gradually lose the domestic market,†reports from the Gasgoo.com Research Institute. In fact, although domestic small and medium-sized component companies benefited from the increase in car consumption in 2009, the profits they obtained were larger than those of large companies. In 2008 and 2009, the gross profit margin of Fuyao Glass's automotive glass business was always above 30%, and the gross margin of other products was also higher than 20%. In mid-2009, Fuyao Glass's auto glass operating revenue was 2.13 billion yuan, operating profit was 770 million yuan, and gross profit margin reached 36.47%. However, the gross profit of third and fourth-tier suppliers is below 20%. An automobile foundry manufacturer in Zhejiang told reporters that the company’s operating income in 2009 exceeded 30 million yuan, but its profit was only over 3 million yuan, just over 10%. AlixPartners, a global business consulting company, said that in 2009, 50% of Chinese auto parts companies expect net profit margins to be less than 5%. 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