The current situation and development of the domestic automobile manufacturing industry

Enterprise operating efficiency decline

Automobile for China's one of the main manufacturing industry, in recent years, by the macro-economic slowdown, the automobile market tends to be saturated, the implementation of the national six emissions ahead of time and other factors, China's automobile manufacturing industry above-scale industrial enterprises operating efficiency decline. According to the National Bureau of Statistics data, in 2019, China's automobile manufacturing industry above-scale industrial enterprises operating income of about 808.467 billion yuan or so.

Currently, China's auto consumption is in a downturn. From the point of view of total profit, due to the decrease in automobile sales, in 2019, the total profit of industrial enterprises above the scale of China's automobile manufacturing industry has declined. According to the National Bureau of Statistics, in 2019, the total profit of China's automobile manufacturing on-industry enterprises amounted to 508.7 billion yuan, down 15.9% from 2018.

Inventory of industrial enterprises above designated size in China's automobile manufacturing industry increased year by year from 2013 to 2018. According to the National Bureau of Statistics data, in 2018, China's automobile manufacturing industry above-scale industrial enterprise inventory is about 769.03 billion yuan, forward projection, in 2019, China's automobile manufacturing industry above-scale industrial enterprise inventory is about 846.3 billion yuan or so.

Automobile consumption gradually into the trough

In recent years, China's automobile consumption has gradually entered the trough, and in 2019 there is a greater downward trend. From the point of view of automobile production, China's automobile production fluctuated and changed from 2014 to 2019. Influenced by policy factors and the macro economy, in 2019, China's automobile production declined, about 25,721,000 units, down 7.5% compared with 2018.At the beginning of 2020, China's new coronary pneumonia broke out, which caused a certain impact on China's automobile manufacturing industry. According to statistics from the National Bureau of Statistics, in January-February 2020, China's automobile production was about 2.055 million units, a decrease of 45.8% compared with the same period in 2019, according to the National Bureau of Statistics.

From the point of view of the scale of import and export, the total number of China's automobile import and export fluctuated from 2013 to 2019. In 2018, China imported 1.13 million cars and exported 1.15 million cars, according to customs statistics.From January to November 2019, the total import and export volume of China's automobiles was about 2.07 million, of which 960,000 cars were imported and 1.11 million cars were exported.

--For more data, please refer to China Automotive Inspection Industry Development Outlook and Investment Opportunity Analysis Report by Prospect Industry Research Institute.