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 uncovered the Chinese automotive constituent provider in the authorities of the give chain and operational deficiencies. Chinese businesses deficiency more toiling finance more than double global counterparts.
Alix Partners, said the fourth quarter of terminal year, China’s auto parts providers toiling finance requires of the average was 74 days (calculated based on average sales revenue), equated with 37 days for U.S. and European companies. Alix Partners said that the profitability of outlook, the performance of Chinese enterprises as interchangeable enterprises in the world, simply the average profit boundaries 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. - 23594
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