Statistics show that from January to December 2005, China's total industrial output value of all automobile parts and accessories manufacturers reached 383,800,952 thousand yuan, an increase of 18.67% over the same period last year. Realized the cumulative sales revenue of 375,265,815 thousand yuan, an increase of 20.21% over the same period last year; The cumulative profit was 21,462,002,000 yuan, 9.09% lower than the same period of last year.
From January to December 2006, China's total industrial output value of all automobile parts and accessories manufacturers reached 539,704,996 yuan, 34.35% higher than the same period last year. Accumulated product sales revenue reached 527,234,933 yuan, up 34.71% over the same period of last year. The cumulative profit was 32,605,652 yuan, up 46.79% from the same period last year. As of the end of December 2006, there were 6,142 enterprises above the industry scale.
From January to November 2007, China's total industrial output value of all automobile parts and accessories manufacturers reached 683,525,503,000 yuan, an increase of 37.34% over the same period last year. The accumulated product sales revenue reached 663,529,269,000 yuan, an increase of 37.45% over the same period last year. The cumulative profit reached 48,487,363 thousand yuan, 68.61% higher than the same period of last year. As of the end of November 2007, there were 7,171 enterprises above the industry scale.
From January to October 2010, the operation of the industry shows that the total profit of the auto parts industry is still growing, but the growth rate is slowing down. Imports and exports also grew, but imports were dominated by high-margin, high-value-added, high-tech products such as gearboxes and engine parts, and exports were dominated by labor-intensive and resource-intensive products with low barriers to entry and thin profits such as tires and electronic instruments. The downstream vehicle industry has been suffering from overcapacity for a certain period of time. Despite the unconventional high-speed growth in 2010 under the stimulus policies of the state, the production and sales growth slowed down in 2011 and the pressure of overcapacity increased. Affected by this, the spare parts industry is likely to suffer great profit pressure in the second half of the year. The main problem facing the industry is that the upper and lower reaches of the industry are crowded. The parts industry is a crowded industry with two ends, which lacks bargaining power for the upper and lower reaches. The upstream raw materials are mainly steel, rubber, plastic, fabric, etc., whose prices are ultimately determined by the prices of steel, oil, natural rubber and other commodities. Auto parts enterprises can only avoid risks by judging the price trend of upstream commodities. At the same time, the downstream vehicle manufacturers are mostly large enterprises and groups, which are in a strong position in the game of interests with the component manufacturers and have strong negotiation ability, and can transfer the cost pressure to the auto parts industry. Therefore, the components are actually in a "sandwich" position squeezed at both ends.