China's auto components manufacturers hard to defend themselves before the freezing signal
Consulting stringent Alix Partners pursued the fresh survey demonstrates that China's auto sales this year of upheld growth, the automotive parts providers are facing dangerous liquidity difficulties, may lead to finance in the next 12-18 months, the drop of .
Because many Chinese auto parts providers to rely on export profits, so they can not take full gain of the robust performance of the worker market. Alix Partners, said in the journal, from a historical point of outlook, China's auto parts industry, come seal a quarter of earnings comes from exports. 40 participating in the survey come seal 60% of enterprises said they would actively enlarge the worker market to compensate for the diminish in revenue.
More severe market conditions, it also exposed the Chinese automotive component supplier in the management of the supply chain and operational deficiencies. Chinese companies need more working capital more than double global counterparts.
Alix Partners, said the fourth quarter of last year, China's auto parts suppliers working capital needs of the average was 74 days (calculated based on average sales revenue), compared with 37 days for U.S. and European companies. Alix Partners said that the profitability of view, the performance of Chinese enterprises as similar enterprises in the world, only the average profit margins of U.S. companies is even lower than China.
Involved in the examination of 40 businesses, said more than 20% net loss in 2008, half of this year, the business envisage profit boundaries smaller diagram than 5%. Even so, China's auto parts providers are immobile staring for mergers and acquisitions on worker and worldwide market opportunities. - 21392
Because many Chinese auto parts providers to rely on export profits, so they can not take full gain of the robust performance of the worker market. Alix Partners, said in the journal, from a historical point of outlook, China's auto parts industry, come seal a quarter of earnings comes from exports. 40 participating in the survey come seal 60% of enterprises said they would actively enlarge the worker market to compensate for the diminish in revenue.
More severe market conditions, it also exposed the Chinese automotive component supplier in the management of the supply chain and operational deficiencies. Chinese companies need more working capital more than double global counterparts.
Alix Partners, said the fourth quarter of last year, China's auto parts suppliers working capital needs of the average was 74 days (calculated based on average sales revenue), compared with 37 days for U.S. and European companies. Alix Partners said that the profitability of view, the performance of Chinese enterprises as similar enterprises in the world, only the average profit margins of U.S. companies is even lower than China.
Involved in the examination of 40 businesses, said more than 20% net loss in 2008, half of this year, the business envisage profit boundaries smaller diagram than 5%. Even so, China's auto parts providers are immobile staring for mergers and acquisitions on worker and worldwide market opportunities. - 21392
posted by X - Men @ 3:20 AM
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