Day Vapor mold ETQM "cumbersome" to "financial resources"

China Securities News reporter recently from the day of the model (market, inquiry) to understand that the first half of the company also dragged the performance of the German wholly-owned subsidiary Tianjin Motor dies Europe GmbH ("ETQM") has begun to receive BMW and other well-known car orders, next year or will begin to contribute to profits. With the rapid increase of new automobile varieties in China, especially the accelerated promotion of new energy vehicles, the automobile mould industry is expected to usher in the golden development period. Financial profit PO, current savings interest rate increase 1000% ETQM next year or the turnaround day vapor mold in early 2013 issued a notice, said the proposed investment in Germany to set up the day of the Automobile Mold Co., Ltd. ETQM, for the acquisition has entered the bankruptcy protection process in Germany well-known mold enterprises GIW Gesells-chaft für Innovative Werkzeuge GmbH, the purchase price is not expected to be higher than € 1.8 million. At the current exchange rate, the acquisition price is not higher than 14.925 million yuan.　　Chang, chairman of the day, said to the Chinese securities News reporter, the days of the ETQM wholly-owned subsidiary of the German GIW acquisition has been completed. For this cross-border mergers and acquisitions, Chang to reporters, compared to Chinese enterprises, foreign auto mold development enterprises higher costs, especially the high cost of human resources, management costs.　　After the financial crisis, Europe and the United States and other countries die manufacturers suffered a huge impact, due to human and capital losses, recovery difficulties, these countries have been shrinking mold manufacturing capacity in recent years. Affected by this, the design, production of automotive mold and other high-grade molds, such as high-end German professional manufacturing enterprises GIW performance has also declined. Public data show that GIW predecessor in the most glorious period to achieve sales revenue of about 400 million euros, employs about 2000 people. Because of the high cost of management and other operating costs, GIW has been losing money for nearly two years and has had to apply to the courts for bankruptcy protection procedures.　　The acquisition of GIW assets mainly includes software, intellectual property, equipment, and so on, after the completion of the acquisition, the days of GIW Europe will continue to lease the original leased plant, office buildings and major production equipment, and according to the actual need to hire GIW sales, project management, Design technology and debugging technical team backbone. Semi-annual report shows that the day of the auto Model 2013 1-June to achieve a net profit of 39.36 million yuan, a year-on-year decline of 11%. The company said that ETQM is still in the initial stage of market development, temporarily in the loss of state, but in the promotion of mold technology and to provide European customers with timely, convenient, high-quality all-round service play a great role, if sufficient orders in the second half of the company will have a positive impact on the performance of the year.　　China Securities Daily News reporter recently learned that these negative factors will change, ETQM will also end the drag on the company's performance, has been received from BMW and other well-known car companies overseas orders are expected to generate profits next year. Chang said that the acquisition of assets after the completion of the days of the auto mold will establish a new "overseasOrders, domestic production "operating mode and profit model, that is, from the day of the automobile mold Europe is responsible for taking orders, mold design, commissioning and after-sales service; Mold key design outside of the technical work, including structural design, machining procedures, such as the preparation of the entire manufacturing process by the day in China, the factory completed.　　Through this mode, the day vapor mold will effectively reduce production costs and open up the global market. New energy vehicles to boost mold sales in addition to overseas acquisitions, in China, the company has preliminarily formed the five industrial bases of Tianjin, Hebei, Henan, Hubei and Hunan, giving full play to the regional advantages of the joint ventures such as Wuhan Metal Forming Co., Ltd., Zhuzhou Huilong Industrial Development Co., Ltd. and Hunan Mould Technology Co., Ltd.　　Dongfeng and other well-known domestic car companies to provide mold products and services. Chang introduced that the automotive mold is a special equipment manufacturing industry in a very small subdivision of the industry, and the main body of the day to do the car stamping die, engaged in a veritable "small industry." As for the whole industry, FAW, BYD (market, interrogation), Jianghuai and many other auto manufacturers have their own mold manufacturing workshop or production company for the company's Automotive products research and development manufacturing molds. And days as a market-oriented manufacturing enterprises, for a number of automotive manufacturers to provide mold. Industry insiders believe that the day vapor mold is gradually in the small industry to display large as.　　The company has been able to provide a full set of automotive development of mold, inspection, clamping process equipment, and can provide automotive enterprises stamping parts, vehicle development technology services. The development of the day vapor mold is inseparable from the rapid development of China's automobile industry. After 2000, China's automobile industry entered the outbreak period, in addition to the increase in production, varieties also rapidly increased, and compared with the increase in production, new car varieties faster growth. The listing of each new breed means the birth, production and application of a new set of molds. Chang said that at present, China's automobile production and variety are in the world's first, especially the rapid promotion of automotive varieties, and automotive mold industry development inseparable. "The biggest gap between Chinese and foreign cars in the past is the appearance. With the rapid development of automobile mould industry in recent years, Chinese automobile has little difference with foreign countries in appearance. It is noteworthy that the development of new energy vehicles will bring new impetus to the rapid development of automobile mold industry. September 17, the Ministry of Finance, the Ministry of Science and Technology, industry and information technology and the National Development and Reform Commission jointly issued the "on the continuation of new energy vehicles to promote the application of the work of the notice", the 2013-2015 continued to carry out the application of new energy vehicles.　　Chang said that the vast majority of new energy vehicles need a new model design, automotive mold industry will usher in a larger market space. Overseas market will be the main direction according to China Mold Industry association statistics, the domestic automotive cover die industry in the growth stage, the industry concentration is low. At present, China's automobile mold manufacturing enterprises about 300, the majority of small scale, technical and equipment level is limited. As a whole, the days of steam mold, FAW Mold Manufacturing Co., Ltd., Dongfeng die Stamping Technology LimitedCompany, Sichuan into the fly integration (market, interrogation) Technology Co., Ltd., such as the most comprehensive strength, occupy the domestic auto mold market share of the majority. At the same time, automobile mold manufacturing industry in all manufacturing gross profit margin in the forefront. The six-day vapor module reported that the company's first half of 2013 gross profit margin of 35.88%, an increase of 13.17%. Stamping parts, fixture and other products seized gross profit margins are also above 12%. And the region look, the first half of the company's domestic products overall gross profit margin of 25.64%, an increase of 7.55%, the overseas product gross profit margin of 28.13%, slightly down 0.78%.　　The company revealed that the end of 2013, the car mold still has room for price increases. Chang said that the automotive mold is capital-intensive and technology-intensive industries, plant, equipment investment in many industries are much higher, while the technical experience of workers is also higher. Although the industry market space is larger, but foreign enterprises rarely come to China to invest in the construction of mold enterprises.　　This provides a huge space for the development of Chinese automobile mould enterprises. In addition, because the foreign automobile mold development enterprise cost is much higher than China, especially the manpower cost, therefore the international market also becomes the day steam mold to occupy the space. At present, the days of the automotive mold for export products have reached the annual total sales of 40%-50%. As a result of export products not only higher gross profit margin, and more protection, will become the company's future efforts to nurture the market. In addition to opening up overseas markets, Chang to reporters that the company will rely on existing technology and experience, to mold products to continue to expand downstream, such as thermoforming molds, progressive die, aviation molds and other related products are worth looking forward to.