How about auto parts in Sara?

Sarah (300100) The management opinions in 2020 are as follows:

I. Overview

(1) Industry Overview

In the first half of 2020, China's economy first fell and then rose. In the second quarter, the economic growth rate turned from negative to positive, the main indicators rebounded, and the economic operation recovered. Affected by the epidemic, in the first half of 2020, China's automobile production and sales were10/2000 and 10257000, respectively, down by 16.9% and 16.8% year-on-year, and the decline in production and sales increased by 4.5 and 3.5% respectively. The production and sales of passenger cars were 7.754 million and 7.873 million respectively, and the production and sales decreased by 22.5% and 22.4% respectively. The recovery process of the automobile industry is synchronized with GDP. With the restart of the industrial chain in March, the automobile industry resumed work in April, the growth rate of production and sales stabilized in May, and basically returned to normal development level in June. In June, domestic automobile production and sales were 2.325 million and 2.3 million respectively, up by 22.5% and 1 1.6% respectively. Production and sales in June hit a record high in the same period last year.

Affected by factors such as resumption of work, production, market and economic activities, the board of directors and management of the company adhered to the general tone of striving for progress while maintaining stability, made overall plans for epidemic prevention and control and business development, adhered to strategic strength, firmly developed confidence, actively responded to challenges, and paid close attention to safety production, quality improvement and efficiency improvement. All units have always maintained a sense of crisis. Facing the downward trend of the industry, the company reorganized its resources and made concerted efforts with Qixin Qi Xin to achieve the semi-annual goal of 2020.

In the first half of 2020, Sarah realized an operating income of 1 4,927,677,700 yuan, a year-on-year decrease of 34,565,438+0%; The operating profit was 54.4379 million yuan, up 65.438+0.664 1% year-on-year, of which the net profit attributable to the owner of the parent company was 50.0322 million yuan, up 347.94% year-on-year.

(two) the company's business objectives or plans in 2020.

First, guided by the market and customer demand, deepen the development of high-quality customer business, promote the enjoyment of strategic customer resources, and continuously improve customer satisfaction and market share;

Second, speed up the R&D and industrialization of new products and technologies, further improve the R&D management system and strengthen the management and enjoyment of R&D knowledge;

Third, further strengthen overall budget control, improve internal cost control system, integrate existing resources, revitalize assets, strengthen asset investment income management, and improve financial control level;

Fourth, continue to promote the construction of quality management system and lean production system, improve product quality and delivery management ability, reduce manufacturing costs and enhance product competitiveness; Fifth, strengthen the construction of supply chain management system, optimize and integrate the existing supplier system, develop and cultivate strategic cooperative suppliers, and build an efficient supply chain management system;

Sixth, according to the company's strategic development requirements, optimize the performance appraisal system and key post incentive mechanism, improve human resources planning, and implement key talent development plans; Seventh, take business demand as the guide, and make full use of enterprise information systems to support future business development and management needs.

Two. Risks faced by the company and countermeasures (I) The risks faced by the company are 1. Macroeconomic situation and policy risks. The COVID-19 epidemic has had a profound impact on the global economy, and its impact on the global economy and globalization will certainly last for a long time. Because the automobile industry itself is one of the biggest beneficiaries of globalization, and the industrial chain of the automobile industry has been globalized to a great extent, the impact of this epidemic on the automobile industry is greater than that of the general industry. After the epidemic, some countries and regions will inevitably set off an anti-globalization movement, which will further affect the industrial chain and industrial layout of the automobile industry and impact the current domestic market structure. In 2020, China will give priority to stimulating consumption and restoring the economy, while trying to reduce the impact of the external environment on China's economy. On February 16, The Politburo Standing Committee (PSC)'s document "Speech on Studying and Responding to the novel coronavirus Epidemic at the The Politburo Standing Committee (PSC) Conference" stressed that it is necessary to actively stabilize the traditional mass consumption of automobiles, encourage areas where automobile purchases are restricted to increase the license plate quota appropriately, and promote the consumption of automobiles and related products. Since then, from the central ministries to local governments, a number of policies have been intensively introduced to stimulate the consumer market, including automobiles. 2. Downside risks of the industry. The automobile industry is affected by macroeconomic fluctuations, and the growth rate will fluctuate to some extent. As an auto parts company that provides vehicle manufacturers, the social demand for cars will eventually affect the sales of the company's products. If the growth rate of the automobile industry, especially the passenger car market, declines or shows negative growth in the future, the company's future development will be adversely affected to a greater extent. 3. The price risk of auto parts products is affected by the epidemic situation, and domestic auto sales are greatly impacted. In order to reduce the losses caused by the epidemic as soon as possible, all brands have launched price reduction promotions to varying degrees. However, the price of auto parts is closely related to the price of downstream auto parts. Automobile manufacturers are at the top of the automobile industry chain and have a strong bargaining position with auto parts manufacturers, so they can transmit the price reduction factors to their downstream auto parts manufacturers. At present, the integration of the whole vehicle industry is intensifying, and the overall consumer demand is declining, which is bound to bring new uncertainty to parts manufacturers. (2) Opportunities and challenges for the company to develop the School of Management. 1. Affected by the COVID-19 epidemic, China controlled the epidemic in a short time, becoming the first economy in the world to resume work, and the overall economy recovered steadily. With the subsequent introduction of various economic stimulus measures, it will have a favorable impact on China's manufacturing industry; In the economic downturn, the legacy factors such as the impact of the epidemic on various industries and the impact of falling demand pose new challenges to business operations; 2. The company closely observes the changes in the macroeconomic situation at home and abroad and relevant national policies, fully recognizes the industry development environment and opportunities faced by the company, and actively responds to various challenges. On the one hand, effectively integrate the company's business resources internally, actively integrate industry resources externally, continuously optimize the industrial layout, fully realize resource sharing and complementary advantages, and carry out in-depth work to reduce costs and increase efficiency, effectively improve production efficiency and continuously enhance the company's comprehensive competitiveness; On the other hand, in the face of the rapid development trend of new energy vehicles, speed up the progress of product research and development, so as to effectively meet the different needs of market customers and improve the market share of electric drive products in new energy vehicles; Finally, affected by the epidemic, domestic automobile production and sales declined in the same period in the past six months. Enterprises need to recast their advantages, avoid shortcomings, control costs, improve efficiency, respond to the call of the country to develop internal circular economy, and make a good layout in deepening the global supply chain.

Three. Based on independent innovation, product research and development, and mold development, the core competitiveness analysis company is a professional and intelligent enterprise dedicated to realizing modular and platform supply of auto parts, which has a strong competitive advantage in the market. 1. Mature auto parts mold design and manufacturing capability. Automobile mold is an important technical foundation of automobile manufacturing industry. Ningbo Sara Mould Co., Ltd., a subsidiary of the company, is a national high-tech enterprise, the executive director of China Mould Industry Association and the national key enterprise of precision injection mould recognized by China Mould Industry Association. Mold company enjoys a high reputation in the automobile injection mold industry, and has strong development ability in the fields of automobile door panels, bumpers and other interior and exterior decoration products, as well as plastic gears, airbags, oil supply systems and other precision injection molds. 2. Strong R&; Innovative ability and mature automobile parts manufacturing ability. With the development trend of intelligence, electrification, networking and lightweight in the automobile industry, the company develops; R&D relies on provincial enterprise research institutes and postdoctoral research centers; D platform, constantly investing a lot of material resources and manpower. We have complete independent research, development and innovation capabilities in the design and manufacture of high-precision plastic gears, large and medium-sized internal and external decorative injection molds and product technologies, stamping and rolling technologies of high-strength steel and aluminum, welding technologies such as laser and arc welding, high-gloss and multi-color injection molding technologies and molds, and design and processing technologies of DC permanent magnet micromotors. It has formed a large scale and influence in the fields of key parts of automobile electric seats, internal and external decorative injection parts and safety parts, structural parts of window lifting system, medium and large high-strength rolled parts and so on. , and has been widely recognized and affirmed by customers and OEMs. The whole research and development process. Group D will cooperate with customers' requirements for modular product supply and provide comprehensive and systematic technologies and services for overall design, development, production and matching. In the field of automobile interior and exterior accessories, the company has established production bases in Liuzhou, Chongqing, Qingdao, Hangzhou Bay and other places, mainly supporting SAIC-GM-Wuling, Shanghai Volkswagen, Chongqing Changan and other automobile manufacturers. In recent years, the company has worked closely with the above customers and made further progress in project types and product structure. In the field of automobile precision injection molding parts, the company mainly produces automobile airbag covers, oil drums, ignition coils, precision gears, precision parts around engines, automobile cooling systems and other products. Through continuous technical improvement, the company's automobile precision injection parts have been recognized by many well-known foreign first-class suppliers and vehicle manufacturers, and won many honors such as customer core suppliers and best quality awards. 3. Hubei New Torch has advanced R&D technology. D and wholly-owned subsidiary hub bearing manufacturing capacity, mainly producing automobile bearings and hub bearing units. It is the first batch of 9 1 national innovative enterprises, 160 automobile and parts export base enterprises, national high-tech enterprises, national technological innovation demonstration enterprises, intelligent manufacturing demonstration enterprises in Hubei Province, and invisible champion enterprises in pillar industry subdivision in Hubei Province. It owns Hubei Precision Hub and Bearing Unit Engineering Technology Research Center, Hubei Postdoctoral Industrial Base and National Postdoctoral Research Mobile Station. It has 32 national patents, participated in drafting 4 national standards for bearings and participated in revising 2 national standards for bearings. In 20 19, the company built an intelligent and digital factory for the third generation wheel hub bearings and added five intelligent production lines; Overseas investment in New Torch Technology (Thailand) Co., Ltd. to build four new high-end hub bearing production lines has greatly improved the production capacity of automobile bearings and car hub bearings. Through the continuous development of Dongfeng Nissan, GM Wuling, SAIC Volkswagen, Changan Automobile and many other OEM customers. The market share of the company's hub bearing products in the domestic main engine factory has increased rapidly, and the export products are exported to North America, Europe and Southeast Asia. High-quality products and excellent services have won unanimous praise from customers at home and abroad, and won many awards from companies such as Great Wall Motor (60 1633), Dongfeng Passenger Car, GM Wuling, Changan Automobile and North American ad. 4.R& ampd and new energy vehicle motor and electronic control manufacturing capabilities are mainly concentrated on R&; D production and sales of new energy electric vehicles driven by electricity. Products include drive motors, motor controllers, integrated bridges, VMS, BMS, etc. Committed to building the best solution for the powertrain of new energy vehicles, and strive to become the leader of the powertrain of small and medium-sized new energy vehicles in China. The cooperation with Wuling in the company's electric drive project began in the beginning of 20 19, and several projects are currently under way. Among them, the Wuling E50 drive motor project started mass production in June 2020, and the company is actively expanding its production capacity to meet customer demand. In 2020, the first new energy electric vehicle of Wuling brand will use the motor produced by the company. 5. Transmission development and manufacturing capabilities. Have a mature transmission overall solution technology, set R&; D integrate manufacturing, sales and service, and strive to build an excellent global supplier of automatic transmission solutions. R & ampD group has rich experience in the design and development of AT gearbox. At the same time, through the close cooperation between Shanghai Technology Center, Australian R & ampD Center and domestic production base, we provide customers with all-round technology and services. The company began to cooperate with Wuling automatic transmission business from July 2065438 to July 2009, and it is expected to achieve mass production by the end of 2020 at the earliest. 6. Reasonable strategic layout and manufacturing capacity to continuously meet customer needs. The company has established a reasonable strategic layout, with production and R&D facilities in Shanghai, Ningbo, Suzhou, Chongqing, Liuzhou, Wuhu, Tianjin, Shenyang, Xiangyang, Jingzhou, Qingdao, Linyi and Jining. D or after-sales service base, so that the company can better serve OEM customers, improve rapid response ability and effectively meet customer needs. 7. Stabilize high-quality customer resources and realize customer resource sharing in * * * industry. The company has a stable and high-quality customer base. Users include United Electronics, Faurecia, Autoliv, Trina, Bose, Valeo, Bosch, Bell, Borgwarner, Magna, Lear and other world-renowned first-class spare parts suppliers, as well as mainstream OEMs such as Volkswagen, Ford, Nissan, SAIC-GM-Wuling, Geely, BAIC, FAW, Chang 'an, Dongfeng and Great Wall. At the same time, with the extension development, the synergy between the company's customers and products is obvious.

Million car purchase subsidy