Car pull 150 Industry: Baosteel's nearest 50% car panels

The automobile industry is the longest industry in China, the four most important industries are: steel, glass, tires and interiors financial weekly reporter Royu/wen July 15 opened, Mr. He to 10.85 yuan to buy Changan Motor (000625.SZ), his reason is that 14th, the country issued the relevant industrial policy, The stock will rise accordingly. As a result, the shares were closed at 11.15 yuan, up 8.67% per day.　　He has been bullish on the car stock. China's auto market in the first half of the total sales of 6.0988 million vehicles, an increase of 17.69%. Among them, passenger car sales 4.5338 million vehicles, an increase of 25.62%, commercial vehicle sales 1.565 million, down 0.52%. In addition, in January-May, the auto industry completed industrial sales output value of 10,186, 700 million yuan, an increase of 3.79%, reversing the "increase production does not increase" situation.　　This is also China's first half year sales of vehicles to break through 6 million of the mark, the first half year sales more than the United States.　　The surge in oil prices has not been the reason for the crackdown on high valuations, but boosted by frenzied sales, auto stocks recently shrugged off the embrace of stimulus policies and deduced a round of performance-driven quotes. As of July 14, the auto manufacturing sector rose by an average of 12.23% in July.　　The rise in the front for the wheel shares (002031.SZ), Guizhou tires A (000589.SZ), FAW (000800.SZ), Shanghai Automobile (600104.SH), Rose 30.6%, 30%, 28.56%, 26.82% respectively. The automobile industry continues to be good, so that investors bullish on the car sector.　　And as the longest industrial chain of the automotive industry, the upper and lower industrial chain of listed companies also benefited.　　Industry-driven path what are the industries that will be driven by the recovery of the auto industry? The automobile industry, as China's longest industrial chain, contributes a lot to GDP, now the auto industry occupies gdp2.8% and is expected to grow 3 times times in the future.　　Automobile industry can pull more than 150 related industries, for machine tools, molds, iron and steel, non-ferrous metals, electronics, chemical industries and the impact of a significant pull effect. As the steel industry downstream, the increase in car production will become a new engine to boost demand for steel.　　Auto industry recovery, the most intuitive pull is also the auto parts industry and the tyre industry.　　The industrial chain, which takes the car as the core, extends up to the suppliers of raw materials, mechanical equipment, spare parts, production services and infrastructure, extends down to the sales channels and customers, and extends laterally to the manufacturers and technology developers of ancillary products.　　Auto Parts only, the general involved in the engine, body, glass, chassis, frame, bridge box, air-conditioning, seats and other items, including automotive electronics and other key technical components. In the case of new energy vehicles with high technology content, the industrial chain can be driven more intensively. The following examples illustrate that new energy vehicles can be driven by industry and listed companies, including: Steel(Baosteel shares, etc.), bulk raw materials (Tibet Mining, Citic Guoan), Nickel Platinum Metal (your research platinum industry, Jean Nickel industry, Rare earth materials (Baotou Steel Rare earths, st-colored), electric motors (three-ring), electric control system (Ningbo Yun Sheng, Dakota shares), capacitor parts (Faraday electronics), parts production (million to Qianchao),　　The whole vehicle production (FAW sedan, Futian automobile), Power battery system (China Baoan, Shanshan shares), electrolyte (Jiangsu Guotai), diaphragm (Buddha-plastic shares), battery assembly (Guangzhou National Light), Energy Recovery System (branch force far) and so on. Baosteel Masteel Auto Plate cake as the most closely linked with the automotive industry chain of steel industry, the car board production and sales also synchronized out a wave of gratifying market.　　Have a car board production capacity of the major iron and steel enterprises are at full throttle, try to meet the needs of the automobile market.　　The booming market has benefited from Baosteel (600019.SH), which occupies more than 50% per cent of the domestic auto board. According to the public data from Baosteel, Baosteel International steel Trading Company in the first 5 months of this year, the cumulative sale of automotive steel 285,000 tons.　　Among them, the May user orders amounted to 93700 tons, 31,700 tons than last month, an increase of more than 50%, the founding of Baosteel Steel Trading Company since the establishment of a single monthly sales record.　　Analysts say Baosteel is still the largest steel producer in the country. The company's short-term capacity growth mainly stems from three hot and five cold-rolled production and product restructuring, and in the long run, will be in 2012, through the new acquisitions, plans to form 50 million tons of capacity.　　It is reasonable to give Baosteel a certain valuation premium as a steel company with the strongest risk-resistance and the most beneficial share in the automotive sector.　　In addition, MA Steel shares (600808.SH) In this regard is also one of the beneficiaries of listed companies. According to the Financial weekly reporter understand, Maanshan steel in recent months, the car plate orders gradually rose to May orders reached 45,000 tons, almost 3 times times the end of last year. The increase in orders was mainly due to the vigorous advance of Masteel's technology and sales of automotive boards, while the recovery of the automotive manufacturing industry also facilitated the increase in the Order of MA Steel.　　It is reported that Jianghuai automobile and Changan automobile Two manufacturers have become a long-term customer of MA Steel, MA Steel monthly will be quantitative send car outside the board to these two manufacturers.　　Out of the trough of spare parts as domestic auto consumption rose steadily, auto parts also out of the trough. The first half of this year domestic auto consumption recovery is clear, the first half of the car sales breakthrough 6 million units, an increase of 17.69%.　　In this case, the life of the component supplier is obviously better. Recently, a number of auto parts listed companies have issued profit advance announcements. 13th, Tian Xing Instrument (000710.SZ) announced that the first half of 2009 net profit of about 4 million yuan to 5 million yuan, the year-on-year growth of 400% to 550%.　　The performance growth mainly stems from the company's automobile part product increment is big, the sales income increases. According to the Financial weekly reporter understand, two quarters, mainly in domestic demandDomestic auto parts industry production and sales of two prosperous, gross profit margin chain increased.　　Industry insiders point out that this is expected to continue because raw material prices have fallen sharply from last year and sales have risen sharply.　　In the second half of this year the auto parts industry will be far higher gross profit margin. GF Securities auto industry analyst Li Weiqing told the Financial weekly reporter that in China's auto industry, the size of the car and auto parts is 1:0.66, and the proportion of foreign auto developed countries for 1:1.7. China's auto parts industry is facing a broad space for development. Mainly in the following three aspects: first, the new vehicle matching will be the auto parts industry to form a linear pull relationship, that is, the parts industry will be synchronized with the automotive manufacturing industry growth. Second, in the end of 2007, China's civilian car ownership of 56.97 million vehicles, up from the end of the last year increased by 14.3%. Excluding 14.68 million wheeled and low-speed lorries, the number of civilian vehicles is 42.29 million, up 26.7%. The need for repair and replacement of car parts, brought about by a surge in car ownership, will also be accelerated. Third, export-driven.　　It is expected that in the next 3 years the growth of spare parts industry will remain above the average growth rate of the industry. Backed FAW group FAW Fouville (600742.SH) is quite favored by CICC.　　Backed FAW group FAW-rich its main customers for the FAW Volkswagen and Faw sedan. FAW Volkswagen terminal sales of more than 320,000 units in the first half of this year, an increase of 21%, while the FAW-rich-dimensional shares of Xuyang and Deltafuo for the FAW Volkswagen, FAW car supply interior parts, sales will benefit from the rise.　　In addition, the second half of the FAW-rich dimension of another growth point will come from the FAW-Toyota supporting business. In automotive glass, the best beneficiaries will be the bright glass (600660.SH) and the Yaohua glass (600819.SH). Fu Yiu Glass is currently the most large-scale, the highest technical level of automotive glass manufacturers, but also China's only export to the United States do not have to pay anti-dumping duties of automotive glass enterprises. Its products have obvious brand advantages and cost advantages. and Yaohua glass automotive glass business in domestic and foreign market development has made a new breakthrough, has won the SAIC-Rong and many other new orders.　　The two major car glass taps, the benefits will be more obvious. In addition, Tian Xing Instrumentation (000710.SZ) main business is automotive instrumentation and car parts of the design, production, processing and sales, is China's production of automotive, motorcycle instrumentation and automotive parts key Enterprises, its leading product "Tian Xing brand" motorcycle instrument is China's automotive instrumentation industry well-known brands,　　With an annual output of 2 million sets of comprehensive production capacity, in the national market share reached 1/3.　　Sales of tire cars, which are exploding in profit, are rising, and the wheels of cars will be sold very quickly. Qian said it expects net profit of 2009.5 per cent to rise 100% to 150% year-on-year. Prior to this, the Qingdao double star also said the first half of the net profit increased sharply. Two or more tire-listed companies are releasing their first-half profitsAn advance announcement. 13th, Qian Tire to limit, and then double money shares began to follow performance. Before the Qingdao double star also had quite good performance.　　These are only a microcosm of the domestic tyre recovery, and more tire companies are or will be involved in the boom in performance growth.　　Guo Xin Securities Petrochemical industry analyst Chen Aihua pointed out that in the days of gum and other raw materials prices fell 50%, the limited price range of tires, the double effect of the tire industry gross profit margin significantly increased 5% to 10%, reached the highest level of history. With the two flourishing production and sales, the domestic tire industry two-quarter profit appears to rebound markedly. In February this year, the total profit of the domestic tire industry was 14.39 million yuan, a sharp decline of 98%, May total profit amounted to 3.8 billion yuan, the year-on-year growth of 43%.　　Although industry statistics have not yet been disclosed, many tire executives said earnings growth in the two quarter was far higher than in the first quarter. China Rubber Industry Association Tire Branch Deputy Secretary-General Yukung to reporters, "the second half of this year the tire industry will remain stable growth." In the country's 4 trillion investment plan, railway, Highway, Water Conservancy network reconstruction and Wenchuan area post-disaster reconstruction accounted for more than 50%. These will boost demand for giant engineering tires.　　In addition, infrastructure projects such as highways will further boost the demand for truck tires and car tyres. At one point, the most affected by the overseas market impact of the shares (600469.SH) has also seen a turnaround. "The majority of the company's products are in short supply, which is mainly due to the company's timely change of strategy," said Han Faqiang, a director of Feng's shares. Last year to export, matching, maintenance of three major markets, but the former two were affected by the financial crisis, this year began to pay more attention to repair market. In the first half, the signs of a corporate recovery are clear. "It is understood that the total sales of the company's share of repair sales accounted for 40%, last year supporting the market accounted for the total sales of 40%."　　As we all know, the maintenance market gross margin is much higher than the export or matching, therefore, a number of analysts to determine the profit margin will be a sharp rebound in the first quarter. In addition, Qian Tire main production "forward" brand bias tires, steel radial tire, All-steel radial Tire, engineering machinery tires, etc., annual production capacity of 5.1 million, specifications of more than 1500 varieties, is the most complete variety of domestic specifications tire production enterprises. Company gross profit level is more prominent, horizontal view, the company's gross margin level has been maintained at the third level, the data for nearly four years, the company's gross margin level for the industry first.