According to our statistics on 52 auto parts listed companies (see Table 4 for the list of companies), the total sales revenue of parts and components listed companies during the first half of 2011 was 130.55 billion yuan, a year-on-year increase of 16.8%, a year-on-year increase of 14.0%; and net profit was realized. 9.99 billion yuan, a year-on-year increase of 9.8%, a decrease of 1.8% from the previous quarter. In the first half of 2011, the growth rate of the income of listed auto parts companies decreased significantly year-on-year, and the growth rate of net profit decreased more than the same period of last year, showing a negative growth year-on-year. In the first half of the quarter, the decline in revenue and profit growth of auto parts listed companies accelerated, with the situation worse in the second quarter than in the first quarter. The downturn in downstream car sales has been transmitted to the parts and components industry quarter by quarter, and the growth rate of parts and components listed companies has rapidly declined. At the same time, due to rising raw material prices and rising labor costs, the company's gross profit margin has generally declined. In the first quarter of 2011, the overall gross profit rate of parts and components listed companies was 19.9%, which was a quarter-on-quarter and year-on-year decline. Gross profit margin further declined to 18.9% in the second quarter. In the first half of the year, the sales expense ratio decreased slightly, which was offset by the increase in the administrative expense ratio. The expense ratio during the period was well controlled and remained basically stable. In the first and second quarters, corporate net margins were 8.0% and 7.4%, respectively, which fell continuously due to the drop in gross margins. The overall profitability of parts and components listed companies is also not optimistic. In 2011, due to concerns about the inflation situation, parts and components companies generally strengthened their inventory of raw materials, and the large increase in inventory led to a negative operating cash flow of RMB 1.02 billion in the first quarter. In the second quarter of 2011, the operating net cash flow turned positive, but it was still lower than the level of the same period in 2010. The data showed that the rate of corporate payment slowed down, and the intensity of digestion of inventory was weakened. In the first half of the year, the net cash flow from operations was only 1.99 billion yuan, which was far below the level of 6.8 billion yuan in the same period of 2010. The overall asset-liability ratio of parts and components listed companies is about 50%, and the financial structure is still within the range of health. Relying on the capital market, parts and components listed companies have raised a lot of funds, and the financial expense rate has dropped slightly year-on-year. In terms of capital expenditures, the capital expenditures of listed companies in the first half of 2011 amounted to RMB 8.55 billion, an increase of 64.7% year-on-year and an increase of 13.5% from the previous quarter. Capital spending rose slightly in the second quarter, showing no sign of slowing investment. Due to the outbreak of the automobile market in the past two years, the capacity utilization rate of the existing parts and components companies has reached the limit. In addition, since 21 IPOs of 21 parts and components companies have raised a total of 16.46 billion yuan since 2010, it is expected that the spare parts capital expenditure will be maintained in 2011. Higher level. We examined the changes in the top five customers of parts and components listed companies and the degree of customer concentration. Parts companies with different characteristics performed differently. Huayu Automotive (600741) and FAW Fuwei (600742) relied on the group tree, and their performance was closely related to the Group; Weifu High-tech (000581), Weichai Power (000338) and Fuyao Glass (600660) were more concentrated in customers. In the low and sluggish market, the growth rate of revenue still exceeds the industry, reflecting the outstanding competitiveness of the company; from the customer changes of Xingyu Group (601799), it can be seen that the company’s products and customer structure are continuously upgraded, but the excessive customer concentration also Bring certain risks; tire listed companies have low customer concentration, exports are vulnerable to foreign anti-dumping lawsuits; Wanliyang (002434) is still the largest customer is Beiqi Futian, with sales accounting for more than 50%, and the company is exploring new customers. Little progress has been made. Injection Moulds,Plastic Molding,Plastic Injection Molding,Injection Moulding Machine Injection Moulds Co., Ltd. , http://www.borgmold.com