Affected by the global financial crisis, the overall auto parts industry in Ningbo in the first half of 2009 was greatly affected. However, with the promotion of a series of supporting policies and market initiatives by the Ningbo Municipal Party Committee and the municipal government, and through the joint efforts of the industry's enterprises and their active response, although the development of the industry has slowed, the overall operation has been stable and healthy.

According to statistics, more than 600 auto parts enterprises above designated size in our city have achieved a total industrial output value of 14.4 billion yuan; sales value of sales reached 13.6 billion yuan, including export delivery value of 2.4 billion yuan; sales revenue of 13.4 billion yuan, profits and taxes Totally 1.7 billion yuan, and a profit of 1.2 billion yuan. The major economic indicators such as output value, sales, and profits remained basically the same as the previous year. Comprehensive analysis of the economic performance of the Ningbo auto parts industry in the first half of the year is mainly reflected in the following aspects:

I. Production remained stable, and production and sales rate rebounded

From January to June, the company’s production remained stable overall, with a total industrial output value of 14.4 billion yuan, down only 3.36% from the same period of the previous year, and sales value of 13.6 billion yuan, unchanged from the same period of last year; the sales ratio was 94.44%. , an increase of 3.20 percentage points from the first half of 08.

Second, change unfavorable factors as the driving force to speed up product structure adjustment and promote industrial upgrading

In the first half of the year, the city’s auto parts manufacturing enterprises above designated size achieved a total of 5 billion yuan in output value; a year-on-year increase of 19% and a new product output ratio of 34.72%, an increase of 6.62 percentage points over the same period of last year. It reflects that in an unfavorable international environment, the company changes its pressure to power, actively promotes product innovation, accelerates structural adjustment, and accelerates the pace of industrial upgrading in order to seek support from high-end products and win survival and development.

Third, exports are shrinking. Enterprises actively seek to open up the domestic market.

The city's large-scale enterprises have achieved a total export value of 2.4 billion yuan, a year-on-year decrease of 27.27%. The value of export delivery accounted for 17.64% of total sales, a decrease of 5.46 percentage points compared with 23.1% in the same period of last year. This data shows that the international economic crisis has led to a serious contraction of production in major automobile-producing countries and consumption in the international market. Many export-oriented enterprises have actively expanded their domestic markets, seeking more domestic OEM support, or seeking both domestic and foreign markets. Develop and develop to diversify and avoid the risks brought by the international market.

Fourth, the rapid growth of corporate investment, monetary policy support the development of enterprises

From January to June, the total assets of auto parts enterprises above designated size in the city increased by 8.3 billion yuan over the same period of the previous year, an increase of 29.7%; the input demand of enterprises was strong. Except for production funds, the main performance was that, on the one hand, enterprises accelerated technological transformation and accelerated The innovative R&D and production investment of new products will increase the technological content and added value of products; on the other hand, some companies will turn challenges into opportunities and have strong desires for low-cost expansion. They will pay for the economic recovery and a new round of economic development. The increase in investment resulting from the technological transformation and mergers and acquisitions of enterprises is the main reason for the rapid growth of the total assets of the industry. At the same time, the total liabilities of the industrial enterprises increased at a rapid pace. In the first half of the year, it increased by 5 billion yuan over the same period of 2008, an increase of 31.06%. On the one hand, the financial crisis brought many uncertainties to the company, increasing the difficulty of sales and making products more difficult. The prolonged production and sales cycle requires more capital; on the other hand, the company's investment has increased and it is necessary to borrow some funds.

The rapid growth of the total liabilities of industrial enterprises also reflects from another aspect the government's policy support and SMEs also benefit from loose monetary policy.

V. Economic efficiency does not drop slightly, but the increase is limited, and labor productivity is basically flat

From January to June, the accumulative profit of auto parts enterprises above designated size was 1.2 billion yuan, an increase of 7.6% over the same period of last year, which was a drop of 8 percentage points from the previous year, and the growth rate continued to decline. However, it should be noted that under such a depressing international market environment, under the premise of stable output and sales, the economic benefits of the industry have also increased slightly, which fully demonstrates the improvement in the product grade and structure of the industry, and increases the unit product Added value, which improves economic efficiency.

From the analysis of relative benefits, the industry average profit margin for January-June was 8.3%, up 0.8 percentage point from the same period of the previous year; the industry's sales margin was 8.82%, up 1.02 percentage points over the same period of the previous year. The total labor productivity of the industry was 179,600 yuan per capita, which fell by 1.2 percentage points year-on-year.

Sixth, the overall industry employs a stable team with slight increase

From a statistical point of view, the average number of all employees in the industry was 78,574 in the same period of last year and 79,358 in the first six months of this year. Not only did it not fall, but it also increased slightly. This shows that the overall workforce is stable, there are no large-scale layoffs, and the company’s confidence in the economic recovery and policy initiatives is expected. The employees are confident in the development of the company.

All signs show that in June and July 2009, China’s economy has taken the lead in stabilizing in the global financial crisis, and the world has also transmitted the signs of effective economic stimulus plans in the hardest-hit areas of the financial crisis. However, many uncertainties still exist and the economy recovers. Still need time. Keeping calm, keeping a clear eye, keeping an eye on industry trends, grasping development trends, objectively looking at the achievements that have been made, continuing to cultivate internal strength, and strengthening the potential for sustainable development will be more conducive to our continued promotion and promotion of the healthy development of the industry.

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