In recent years, the rapid development of China's auto industry, China's auto parts and components have made remarkable achievements in industrial scale, industrial chain coordination and other aspects. The automobile industry is an important pillar industry of the national economy. With its long industry chain, high relevance, wide employment, and large consumer activity, it is an important carrier for China's manufacturing upgrade and transformation and plays an important role in national economic and social development. With the further deepening of China's economic reforms, it will become an important task to cultivate an international auto brand and an independent auto parts brand. Rapid development of auto parts industry Upstream of the auto parts industry includes raw materials such as iron and steel, plastics, and rubber. The downstream is mainly targeted at the OEM market and after-sales service market. There are many industry-related industries, and it can be said that without a strong component industry as a basis, it will not have an independent, complete and internationally competitive automobile industry. From 2011 to 2015, the scale of the global auto parts market rose from 10 trillion yuan to 11.2 trillion yuan, an increase of about 13% year-on-year, while the Chinese market dominated the growth; during this period, China's auto parts industry scaled by 2 trillion yuan. To 3.2 trillion yuan, an increase of 60%. In 2016, the main business income of China's auto parts manufacturing enterprises above designated size was 3.72 trillion yuan, a year-on-year increase of 14.23%; total profit was 282.524 billion yuan, a year-on-year increase of 17.12%, and both achieved high growth. Breakthroughs in key technologies, preliminary completion of independent innovation system For a long time, the "localization" of international component giants has been an important driving force for the development of China's auto parts industry. This is still the case. According to a survey conducted by the Ministry of Commerce, the number of auto parts suppliers with overseas backgrounds in China accounted for only 20% of the total number in 2016, but its capital scale has reached 72% of the capital scale of the entire auto parts market, and sales revenue accounts for the entire industry. More than 80%. In recent years, the state has increased its support for major engineering and technology projects in the industry, and the capabilities of local parts and components companies in technology and management, quality, and innovation have been greatly improved. The core technology of traditional key components in China has achieved breakthroughs. Such as gradually mastered the core technology of in-cylinder direct injection gasoline engine, turbocharger, passenger car diesel engine, commercial vehicle diesel high pressure common rail and other products; double clutch automatic transmission, high torque mechanical automatic transmission, multi-position automatic transmission and wireless automatic Independent research and development and production of transmission products. China's auto parts auto-innovation system has been gradually established. The formation of industrial clusters, brand and strength continue to increase China's auto industry has built industrial clusters in the Northeast, Beijing-Tianjin-Hebei, Central, Southwest, Pearl River Delta and Yangtze River Delta that account for nearly 80% of the industry's total output value. FAW, Dongfeng, SAIC, Wah Yuen, Dongfeng, GAC, BAIC, Chang'an, Geely, FAW, Yuchai Weichai Xichai, Fuyao, Wanxiang, Huaxiang and other large-scale vehicles and parts and components companies have been initially established. The ability to enter the global automotive industry chain. The gap between self-owned brands and foreign companies gradually narrowed, and some independent component suppliers have already achieved breakthroughs in some core technology areas. Industry or to adjust, innovation becomes competitive The state attaches great importance to the development of new energy vehicles. After 2014, a series of policies and measures to promote the development of new energy vehicles are aimed at stimulating the development of the new energy automobile industry and eliminating the traditional backward production capacity. Recently, the vice minister of the Ministry of Industry and Information Technology also spoke of China. A study has been started on the shutdown schedule of traditional energy vehicles. With the development of the new energy industry, the corresponding demand for auto parts will also increase, and it will become a new growth point for the industry. The new energy components and parts enterprises will develop rapidly. In recent years, China's economic growth has slowed down and its GDP growth rate has broken seven. In the coming period of time, the economy will still be in a period of adjusting its structure and improving efficiency. The most intuitive is industry consolidation, and auto parts industry is inevitable. In the future, systematic development, modular manufacturing, and integrated supply will gradually become the development trend of the auto parts industry. China's auto parts companies need to do more research and development, greater commonality and standards, higher levels of electronics and intelligence, and products that are more streamlined and cleaner. Foreign auto companies still dominate the industry From 2012 to 2016, among the top 100 auto parts suppliers in the world, the top 10 are still firmly controlled by foreign companies such as Ph.D., Denso, Magna, Continental, Aisin Seiki, Foglia, and Farrell. Austria and so on. In 2016, the Top 100, Japan, the United States, and Germany each had 28, 22, and 16 homes. Although the number of Chinese suppliers increased, they still only occupied 5 seats, respectively Yanfeng Automobile Interiors (No. 14 Name, revenue of Rmb86.3bn), Yingnafa (No. 66, revenue of Rmb20.8bn), CITIC Dika (No. 71, revenue of Rmb 17.3bn), Johnson Electric (No. 81, revenue 133) Billion) and Minth Group (93rd, revenue of 9.4 billion yuan). The scale of China's parts giants and world-class component suppliers is very different. The largest company, Huayu Automobile, has a lower revenue than the first giant's 30%. Among them, the top 50 companies are less than 10% of the top 50 companies in the world. The total revenue of parts and components for the first five companies in 2016 was RMB 147.09 billion, accounting for only 2.9% of the total revenue of the top 100 parts and components suppliers in the world. Domestic-funded enterprises have landed on the capital market for further development Faced with the market expansion of foreign-funded enterprises, the pressure for survival of auto parts enterprises in China is increasing day by day. Accelerated integration and running in the capital market has become an important development strategy for China's outstanding auto parts and national brand enterprises. As of October 11, China's A-shares already had 109 auto parts companies. A number of listed companies have launched a number of component breakdown services. Among them, the number of listed companies producing engine systems, internal and external trims, and electronic motor systems is the largest, accounting for approximately 35%, 24%, and 23%, respectively, and these sectors are currently the largest domestic auto parts companies invading the international market. Plate. From 2006 to 2009, the number of listed A-share auto parts in China increased by an average of 2.2 each year. The average speed of listing in 2010-2016 is 8 per year. All sectors should give greater encouragement and support to auto parts companies At present, China's economy has reached an adjustment period. The country vigorously develops China's manufacturing and China's creation, and the automobile industry is a top priority. Although China's auto industry has made great progress after years of development, it still appears to be weak compared with foreign giants. For example, in the first half of 2017, there are only 10 companies that have a revenue of over RMB 5 billion, accounting for less than 10%; the average gross profit margin is only 26.77%, and only a few companies have more than 40% of their brands, technologies, etc. The company's gross profit margin, new coordinates, Zhaofeng shares, and other companies listed in the company's gross margin for 17 years are more than 50%. Xusheng shares and Weitang industries are also nearly 50%. To a certain extent, it can be seen that the supervisory level is very supportive of the listing of competitive companies. Taking the turbocharger segment as an example, it has been controlled by foreign capital, but local companies still have a competitive enterprise. The world-famous turbocharger companies such as BorgWarner, Honeywell, Mitsubishi Heavy Industries, Ishikawajima Mill, Bosch Mahler, and German mainland occupied more than 90% of the market's share. The supercharger components such as Soma, Wescast, and Meida Industries are also strong. Domestic turbocharger companies such as Huapei Power, Hunan Tianyan, Kangyue Technology, Best and Kehua Holdings have been born, but there is still a small gap compared to foreign giants. The importance of the auto industry is self-evident. At present, China has reached an important period for the development of independent brands in the automotive industry chain. As foreign companies accelerate their expansion, competition in the industry is further fierce, or challenges and opportunities will come. This requires the state and society to give more support to the automotive industry chain companies, including funds, including financing channels, including technical support, etc. We should gather the efforts of all sectors to accelerate the development of more national automotive industry chain brand enterprises.