Last year, the domestic auto market continued to maintain a double-digit growth trend. Under this favorable backdrop, not only did the performance of the entire automobile company increase, but the performance of parts and components companies also rose, and overall performance was better than that of the entire vehicle.

The performance of parts and components companies rose sharply

According to the data compiled by Gasgoo.com, under the stable growth of the industry, the performance of the domestic mainstream component companies has risen sharply. The revenue of 20 mainstream parts and components enterprises in China last year totaled RMB 297.6 billion, an increase of 13.6% year-on-year; net profit climbed from RMB 15.135 billion to RMB 19.372 billion, a year-on-year increase of 28%, which is higher than that of vehicle manufacturers. Its average net profit rate increased significantly, by 0.7 percentage point year-on-year to 6.5%.

In the statistics of this article, the vast majority of corporate net profit rose, a total of 17 companies, accounting for more than 80% of the proportion, while only three companies' net profit fell.

More than 80% of corporate performance rose

Of the companies with increased net profit, FAW's net profit increased the most. Last year, it achieved revenue of 11.273 billion yuan, an increase of 19% year-on-year; net profit of 553 million yuan, an increase of more than half (50.9%).

Other major increases in net profit were Wanfeng Aowei, Ningbo Huaxiang, Zhongding and Weichai Power. The net profits of the four companies increased by more than 40% year-on-year. Among them, Weichai Power, with the largest revenue, grew 36.6% year-on-year to RMB 79.637 billion in revenue last year. It again surpassed Wah Yuen Auto and became the largest component company in China. Its net profit was 5.025 billion yuan, up 40.7% year-on-year.

The net profit of Sai Yuen Jinyu, Weifu Hi-tech, Wanxiang Qianchao, Sailing Co., Ltd. and Hua Yu Automobile both increased by 20%-40% last year. Among them, the scale and profit are only second to Weichai Automotive's Huayu Automobile. Last year, it achieved revenue of 73.973 billion yuan, an increase of 6.0% year-on-year, and net profit increased by 29.2% to 4.456 billion yuan.

It is worth mentioning that, compared with other companies with growth in net profit, Fengshen's net profit last year, although the year-on-year increase of 6.0% to 332 million, but its revenue fell 4.3% year on year to 8.167 billion yuan.

The decline in net profit of the three companies

The three enterprises with net profits lubricated were Shangshi Diesel, SJT, and Yantai Tire A. Among them, the net profit of Shanghai Diesel International shares declined most obviously. Last year, net profit realized was RMB 150 million, down 26.9% year-on-year, and its revenue fell 6.8% year-on-year to RMB 2.777 billion.

This was followed by S-Gatto. Last year, net profit fell by 26.0% to RMB 209 million, and revenue was RMB 3.988 billion, a decrease of 14.2% from 4.65 billion in 2013. Last year, Tire A achieved revenue of 5.563 billion yuan, a year-on-year decrease of 14.1%, and net profit of 166 million yuan, a year-on-year decrease of 4.3%.