The internal combustion engine industry runs smoothly in the first quarter

According to relevant reports, the cumulative sales volume of internal combustion engines nationwide from January to March 2014 totaled 14.821 million units, down 0.08% year-on-year. In March, it completed 193.5190 million kilowatts, up 0.10% year-on-year. From January to March, it completed a total of 516.49 million kilowatts, up 7.65 over the same period of last year. %. In the first quarter of the Year of the Horse, although the internal combustion engine market dropped slightly from last year, the overall performance remained stable.

Business performance is good and bad

Recently, major listed companies announced their own quarterly reports. From the perspective of the operating status of a quarterly newspaper, the performance of various companies is not the same. It can be said that several companies are happy and happy.

Weichai Power reported that operating income for the first quarter was 16.638 billion yuan, an increase of 26.46% over the same period of the previous year, and net profit attributable to shareholders of listed companies was 1.054 billion yuan, an increase of 29.7% from the same period last year. The sales of Weichai engines increased by 16.6% year-on-year, of which, the truck sales completion rate reached 114%, and the completion rate of ship sales reached 108%. Compared with the same industry, Weichai has achieved a significant increase in market share in targeted markets such as heavy trucks, large and medium-sized passenger vehicles, 30 loaders, ships, and power generation facilities. Weichai has been stable in the first quarter of this year and continues to maintain its leading position in the industry.

Quanchai Power’s performance in the first quarter was very eye-catching. Although its operating income was 894 million yuan, only 2.38% year-on-year growth, its net profit attributable to shareholders of listed companies was 21,376,000 yuan, an increase of 173.63% over the same period of last year. The increase is enviable. This is also in line with the well-known multi-cylinder diesel engine sales in the first quarter, and it has a certain relationship with the overall industry trend of the internal combustion engine industry in the second half of last year.

Yunnei Power recorded a sales income of 671 million yuan in the first quarter, an increase of 1.76% year-on-year, and net profit attributable to shareholders of listed companies was 6.8744 billion yuan, an increase of 21.96% year-on-year. Judging from its quarterly report, Yunnei Power has basically shaken off a period of relative sluggishness and embarked on a path of sound development.

JAC Power's performance in the first quarter was slightly less than coquettish. In the first quarter, operating income was 585 million yuan, a year-on-year decrease of 28.35%, and net profit was 20.629 million yuan, a year-on-year decrease of 38.44%. The net profit also declined. It was Shangchai’s share. Although its operating income increased slightly by 6.76% to RMB 799 million, its net profit dropped 17.15% year-on-year to RMB 67.833 million.

From the quarterly reports of several listed companies, there are various growth rates in accounts receivable, mainly due to the fact that customers pay by credit period, or due to financial reasons such as delayed payment and delayed payment, the growth appears. It is only a temporary phenomenon.

Smooth operation of the industry

The cumulative sales of multi-cylinder diesel engines from January to March totaled 1,351,300 units, an increase of 5.89% year-on-year. Weichai, Yuchai, Quanchai, Xichai, Yunnei, Jiangling, Huayuan Laidong, Changchai, and Dongfeng Cummins sold well, accounting for 68.66% of the total sales. Most of the company's sales increased year-on-year, including Jiangxi Isuzu, Foton Cummins, Dongshang Engine, Hengtian Power, and Huafeng Power. The cumulative year-on-year growth rates were 136.42%, 63.38%, 58.89%, 48.95%, and 47.47%, respectively. The multi-cylinder diesel engine is mainly used in the field of commercial vehicles, agricultural machinery, and construction machinery. The concentration ratios are 61.50%, 19.48%, and 11.68%, respectively.

The cumulative sales volume of multi-cylinder gasoline engine companies was 4,425,900 units, an increase of 9.00% year-on-year. The multi-cylinder gasoline engine is mainly used in the passenger vehicle sector. It is driven by a relatively large amount of car sales, and the growth rate is much higher than the industry average. FAW-Volkswagen, SAIC-GM-Wuling, Shanghai Volkswagen Powertrain, Shanghai GM Dongyue Powertrain, Chongqing Changan Automobile, Beijing Hyundai, Aerospace Mitsubishi, Shenlong Motors, Dongfeng Nissan, and Liuzhou Wuling Liuji ranked top in sales. The proportion of sales in the industry is 57.30%. 93.58% of multi-cylinder gasoline engine is equipped in the field of passenger vehicles with high concentration.

The overall trend of new energy internal combustion engines is stable. With policy guidance, infrastructure construction, and deeper public acceptance, new energy internal combustion engines will become better and better. Dongfeng Nanchong achieved the most eye-catching performance, with year-on-year growth in sales and cumulative year-on-year growth of 68.12% and 32.17%, respectively.

Need to focus on development

From the second half of last year to the first quarter of this year, although the trend of the industry was slightly fluctuating, the overall situation remained stable. However, in order to realize the development of the whole industry, it still needed to have a strong point and target to form a key breakthrough, in order to bring about the healthy development of the industry.

“Energy saving and emission reduction, alternative fuels, and remanufacturing recycling economy are still the main tasks for the development of the internal combustion engine industry in 2014. What we need to do is further implement the various policies introduced by the state and accelerate the development of the industry.” Talking about the future of the internal combustion engine industry Development, Xing Min, executive vice chairman and general secretary of China Internal Combustion Engine Industry Association, said. ”

At the same time, he also pointed out that "Although the internal combustion engine industry has received strong support from policies, if it is detailed, the contradiction between the development of the industry and the unmatched specific policies is still prominent." As the current social vehicle implementation policy is the top five scrapped vehicles The assembly can only be sold to the local automobile dismantling company's policies, making the remanufacturing enterprises of the internal combustion engine a narrow channel for recovery, and often face the embarrassment of “a woman can't make it without a meter”.

In addition, since many remanufactured original parts are in the category of used products, almost all remanufactured old parts cannot be issued VAT invoices for the corresponding tax deductions, which has greatly affected remanufacturers. The economic benefits.

Not only remanufacturing, but also the implementation of other mitigation measures. It is reported that in 2012 China's natural gas internal combustion engine has reached more than 1.5 million units, and seven cities have proposed a gasification strategy, and no matching policies have been formulated for gas stations and gas prices. Urea is the necessary catalyst for diesel engines to meet the national IV emission standards. However, the shortage of filling stations and the lack of corresponding subsidies are very real issues.

The reliability of the internal combustion engine itself is also closely related to energy-saving and emission reduction. Energy-saving and emission-reduction requirements increase the engine's combustion efficiency, cylinder pressure, heat load, injection pressure, and resistance to combustion and corrosion products, all of which are challenges to the reliability of the internal combustion engine. Requires the internal combustion engine in the development process, in the application of new materials, parts tolerance, high mechanical load, thermal load, friction and wear ability has greatly improved.

A more reliable and durable engine can greatly extend the life and durability of the engine, reduce the need for energy materials in repairing, scrapping, remanufacturing, and even purchasing new engines, and at the same time, reduce emissions pollution caused by deterioration of engine usage. Energy-saving emission reduction is not only a challenge to the reliability of the internal combustion engine, but also complementary.

According to official statistics, traditional engines will still dominate the next 10 years; traditional engines will account for 54% in the next 20 years, hybrid engines will account for 30%, and fuel cells will account for 1%; engines and hybrids will still account for more than 70% in the next 40 years. market. Therefore, for a long period of time in the future, not only can we not abandon the R&D and use of conventional internal combustion engines, but we should also pay more attention to the energy saving and environmental protection features of internal combustion engines.