As of August 31, a total of 96 auto parts listed companies disclosed the 2016 semi-annual report. According to the statistics of China Auto News, the total operating income of 96 parts and components listed companies was 255.661 billion yuan, an increase of 19.82% compared with the same period of last year; net profit (this version of "net profit" refers to the "net profit of shareholders belonging to listed companies" ") Changed the situation of a sharp decline of 40% in the first half of 2015, a year-on-year increase of 13.14% to 15.388 billion yuan. It can be seen that in the first half of this year, with the stable situation of the automobile industry and the unremitting efforts of the listed companies, the overall performance of the parts companies has rebounded and is growing, but the net profit margin is still maintained at 6%, and the overall profitability. No significant improvement. â– Double growth in operating income and net profit According to the statistics of the reporters, 64% of the parts and components companies achieved double growth in operating income and net profit. Seventy-six of the 96 parts companies achieved growth in revenue, accounting for 79% of the total. This proportion has increased by nearly 20% compared with the same period of last year. There are 31 companies with an increase in operating income of more than 20%. Tejia's operating income increased the most, at 252.95%, which was mainly due to the acquisition of Air Conditioning International. In terms of net profit, a total of 61 parts and components companies achieved growth, accounting for 64% of the total, and the net profit of 37 parts companies increased by more than 20%. Among them, Shuguang, Linglong Tire, Founder Motor, Mengshi Technology, Jiangte The net profit of the motor and Hongte Precision increased by more than 100%. The net profit growth of Shuguang shares was as high as 3175.89%. The product structure adjustment was effective, mainly benefiting from the continued improvement of new energy vehicle policies and market growth. The sales of new energy batteries and pure electric drive axles and other products increased significantly. In terms of operating income, the top three parts companies have operating revenues exceeding 10 billion. Huayu Automobile and Weichai Power ranked the top two with an operating income of 61.140 billion yuan and 42.287 billion yuan respectively. Huayi Group (changed name, formerly "Double Money Shares") had revenue of 19.869 billion yuan in the first half of this year. Rise to the third place. â– Three major drivers promote performance improvement In the first half of this year, the production and sales of automobiles have grown steadily. The growth rate of production and sales of passenger cars is higher than that of automobiles. The commercial vehicle market has seen a marked improvement. The performance of related engine and parts companies has rebounded rapidly. In addition to the relatively stable and favorable market environment, the reporter found in the semi-annual report that the recovery of the performance of the parts companies is inextricably linked with their own initiative to seize opportunities, adjust the structure, and seek transformation. To sum up, there are three main reasons for the improvement of the performance of parts companies in the first half of the year: First, in the case of slowing growth in the industry and declining profitability of the company, parts companies have adopted internal adjustments to implement lean management and reduce costs. Second, make full use of the financing platform of listed companies, through the investment of new projects, new subsidiaries or joint ventures, mergers and acquisitions, etc., integrate various resources and coordinate development; third, seize the policy and market new profit points Expand the industrial chain, including new energy vehicles, smart driving car technology and other directions. Mining internal potential and promoting performance improvement is one of the main keynotes for the transformation and upgrading of listed companies in the past two years. At present, the effectiveness of this adjustment has gradually emerged. Under the concept of “lean management of value-added value in the whole value chain systemâ€, Yunnei Power has improved the hourly production efficiency, strengthened the standardized design of engine parts, optimized the production business process, etc., reduced costs, improved work efficiency, and significantly improved the industry status; The company adhered to the work principle of striving for stability, improving quality and increasing efficiency, and continued to carry out structural adjustment work. The series of connecting rod products increased by 3.55%. At present, what is the hottest in the automotive industry, new energy vehicles and smart cars are well deserved. Parts and components companies use the platform of listed companies to actively deploy related industries. These industries have also become the "big players" in the performance improvement of parts companies. In the first half of this year, Junsheng Electronics achieved operating income of 5.951 billion yuan and net profit of 245 million yuan. This was mainly due to its fruitful M&A projects. The acquisition of KSS and TS automotive information segment business in the first half of the year resulted in an increase in operating income. 1.486 billion yuan, its previously acquired German Puri also brought rapid growth in revenue. After completing the acquisition of 100% equity of Nanjing Aotejia and Air Conditioning International Group, Ortega officially became a company mainly engaged in automotive air conditioning compressors and automotive air conditioning systems. In the first half of this year, Aotejia sold 66,000 new electric vehicle electric compressors, an increase of 104.42% year-on-year, and sales revenue increased by 25.76% to 1.375 billion yuan. â– A small number of companies have poor performance Although the performance of most auto parts companies in the first half of this year has picked up, there are still nearly 20% of the parts companies' operating income decline, and their performance is not very good. From the statistical data, the distribution of these companies' business is relatively scattered, and the products are mainly based on foundry auto parts. The data shows that Steyr's performance in the first half of the year fell sharply, operating income fell by 66.81%, and net profit was negative. The semi-annual report showed that the serious decline in Steyr's performance was mainly affected by the divestiture of the automobile axles in Hubei and Jingzhou; in 2016, Steyr strengthened the market development of high-performance diesel engines and made breakthrough progress in the first half of the year, but currently Not yet reflected in the performance. In the first half of the year, the performance of the tire A was the worst, and it was in a state of serious loss. At present, the domestic and international market conditions of the tire industry are very unfavorable. Unfavorable factors such as the US double-reverse, raw material price rebound and overcapacity in the industry pose a threat to the survival and development of tire companies. For the tires, although the output has increased, the sales revenue is year-on-year. However, it fell 5.31%; the export volume increased by 4.02% year-on-year, and the export delivery value fell by 11.52%. 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