In his presentation of the white paper, Yinliang Fang, Global Partner at Lamberg, pointed out that the revenue of the world's top 100 companies in the automotive parts and components market has maintained a growth rate of 5%, with Chinese companies enjoying outstanding growth due to their diversified competitive advantages, but there are still only a limited number of Chinese companies that can be ranked among the world's top 50 companies. Specifically, the world's top 100 companies overall revenue scale and China's top 100 to maintain the same rate of growth. China's top 100 companies are growing at a faster rate than foreign companies by virtue of their advantages in traditional segments (e.g., the commercial vehicle market), their ties to large OEMs, the development of cutting-edge fields (e.g., new energy), and their active* globalization.
In the 2020 international top 100 list, ranked in the top five companies are Germany Bosch, Germany Continental, Japan Denso, Canada Magna and Germany ZF. Germany, Japan, the United States parts and components enterprises ranked ahead of the mainstream enterprises in the international top 100 list, but there are still 11 Chinese auto parts enterprises were selected, respectively, Weichai Group, Huawei Automobile, Hainachuan, Junsheng Electronics, Ningde Times, AVIC Automobile, GAC Parts, Yuchai Group, CPU Rubber, CITIC Dicastal, and FASTE Group. Among them, Weichai Group ranked 8th on the international top 100 list with a total revenue of 216.467 billion from its parts business. These Chinese companies represent the advanced power of China's auto parts industry and reflect the strength of China's independent parts companies.
Compared with the 2019 list, the 2020 Double 100 list has added two indicators of profit and R&D investment in the data collection stage of Chinese enterprises. The following conclusions can be drawn through the data behind the list:
1. Chinese companies' ability to scale up is increasing. The number of Chinese companies on this year's Global 100 list has increased from 8 last year to 11, all of which have improved their rankings.
2, the overall R & D investment of enterprises has increased significantly, compared with the R & D investment in FY18 increased by 33.85%, but the industry average R & D investment is only 5%.
3、Enterprise profitability needs to be strengthened. Overall revenue increased by 10.96% year-on-year in '18, with 53 companies experiencing revenue growth but only 30 profit growth. Industry average net interest rate of 4.53%, and international parts and components companies 6.7% of the average level there is still a gap.
4, the scale of state-owned enterprises has obvious advantages, China's top 100 list of the top 10 companies in 8 with state-owned background.
5, the capital market to promote industrial development, private enterprises have great potential. The list of 77 listed companies, 66 private enterprises.
6, from the point of view of regional distribution, the southeast economically developed regions and automobile industry developed regions have obvious advantages, Shandong, Jiangsu, Zhejiang, Guangdong and Shanghai 5 provinces and cities of the number of enterprises on the list reached 55%.
7, enterprises have strengthened the new energy, intelligent driving and core powertrain technology investment, this category of enterprises in the R & D investment are more than 8% of revenue, four-dimensional map of last year's R & D investment is 51%.
In recent years, the profitability of the auto parts industry has improved significantly. Chinese enterprises to improve independent R & D capabilities as the core, and constantly break the monopoly of foreign enterprises in the field of key auto parts. In the international auto parts market, China's mark has been particularly distinctive, domestic and foreign resource integration has become the global auto industry development trend.