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Auto parts industry sees varied profit margins

By Du Xiaoli (chinadaily.com.cn)
Updated: 2006-11-27 09:00

Special coverage: Auto China 2006  Related publication:        Related readings: China defends tariffs on auto parts imports Auto parts import grows steadily Higher auto parts tariffs delayed Auto parts firms seek exports

What's the profit margin in China's auto parts and components industry? It is unclear even for long-time industry insiders. It was discovered that the highest gross profit margin of these products is 19 times that of the lowest following an analysis of 15 listed companies whose main business in auto parts and components products (engines not included), the China Automotive News reported.

The auto parts products with the highest gross profit margin are bearings made by Fujian Longxi Bearing (Group) Co Ltd, according to the third quarter report released by listed companies. The company's bearings sales income hit 267.2098 million yuan in the first nine months, according to statistics. Product costs reached 146.7662 million yuan with a gross profit of 120.4436 million yuan. The gross profit margin hit 45.07 percent.

The products with the lowest gross profit margin are wheel products made by Changchun FAW-Sihuan Automobile Co Ltd. The sales income of the company's wheel products reached 882.7202 million yuan in the first nine months with main business costs of 861.8332 million yuan according to company statistics. Gross profits hit 20.887 million yuan with a gross profit margin of 2.37 percent.

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The full text is available in the November Issue ofAutoChina.