China's auto parts production plants hard to shield themselves in the past the cold wave
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 critical market situation, it furthermore revealed the Chinese automotive constituent supplier in the administration of the provide string of connections and operational deficiencies. Chinese businesses need more employed capital more than twice international counterparts.
Alix Partners, said the fourth quarter of last year, China's auto components suppliers employed capital desires of the mean was 74 days (calculated founded on mean sales revenue), contrasted with 37 days for U.S. and European companies. Alix Partners said that the profitability of outlook, the presentation of Chinese enterprises as alike enterprises in the world, only the mean earnings margins of U.S. businesses is even smaller than China.
Involved in the investigation of 40 companies, said more than 20% net loss in 2008, half of this year, the company forecast profit margins less than 5%. Even so, China's auto parts suppliers are still looking for mergers and acquisitions on domestic and international market opportunities. - 18423
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 critical market situation, it furthermore revealed the Chinese automotive constituent supplier in the administration of the provide string of connections and operational deficiencies. Chinese businesses need more employed capital more than twice international counterparts.
Alix Partners, said the fourth quarter of last year, China's auto components suppliers employed capital desires of the mean was 74 days (calculated founded on mean sales revenue), contrasted with 37 days for U.S. and European companies. Alix Partners said that the profitability of outlook, the presentation of Chinese enterprises as alike enterprises in the world, only the mean earnings margins of U.S. businesses is even smaller than China.
Involved in the investigation of 40 companies, said more than 20% net loss in 2008, half of this year, the company forecast profit margins less than 5%. Even so, China's auto parts suppliers are still looking for mergers and acquisitions on domestic and international market opportunities. - 18423
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2:13 AM
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