Domestic auto parts companies increase R&D investment and enhance R&D strength
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2014 is the most obvious year for the R&D investment of listed auto parts companies. The R&D investment of parts companies in various sub-sectors is gradually increasing. According to the 2014 annual report of listed companies, 83 of the 88 auto parts listed companies, including statistics, released detailed data on 2014 R&D expenditures. Among them, the number of companies with R&D investment accounting for more than 5% of revenues reached 17, while in the past, there were very few companies with more than 5%. The cumulative R&D investment of 83 enterprises was 12.862 billion yuan, and the average value of R&D investment in the current year's operating income was 3.88%. This average is much higher than the reporter's statistics of 2.7% in 2012 and 3.27% in 2013.
According to the 2014 R&D expenditure statistics released by 83 auto parts listed companies, the total R&D investment of 83 companies was 12.862 billion yuan, and the average R&D investment accounted for 3.88% of the year's operating income. At the same time, the annual report shows that these R&D investments are mainly invested in innovative products and new projects in line with market development trends, new international and domestic market development, new technology and new technology introduction research, and patent intellectual property protection.
Layout energy-saving new products
The energy-saving emission reduction policy has activated the turbocharger market, and huge market demand has triggered fierce competition from domestic and foreign parts companies. Last year, Hunan Tianyan successfully listed on the backdoor, and raised funds to meet the needs of enterprises to increase production capacity and R&D investment. Hunan Tianyan's R&D expenditure in 2014 totaled 40.36 million yuan, accounting for 6.98% of revenue. It is mainly used for high-powered turbochargers, variable geometry turbochargers, two-stage turbochargers, and gasoline turbochargers. Development and performance matching tests, some new products have been delivered in volume. In 2014, Kangyue Technology's R&D expenditure was 16.17 million yuan, accounting for 6.64% of operating income. Eight supercharger R&D projects were carried out throughout the year to meet future market demand and ensure the company's profitability. One of the projects has been completed. Five projects have completed 90% of the progress.
Promote localization of advanced technologies
Steyr’s R&D expenditures accounted for 18.45% of operating income last year, far ahead of other companies. The 137 million yuan of research and development expenditure is to accelerate the localization of diesel engines. The EM11 engine for the agricultural machinery industry has been developed and delivered to the prototype, and Steyr is continuously optimizing the machine for use in the generator, shipbuilding, power industry and other fields. In addition, Steyr developed M12CR, M14 CR and other series of engines have reached the performance indicators, and completed the development of post-processing systems, can meet the national five or European V emissions demand. Among them, M12CR can be used as a new energy vehicle range extender, ship high-speed rail auxiliary power, etc., M14 CR can meet the market demand of medium and high-end light vehicles.
Develop new products for the international market
As the export business of component companies grows, R&D investment for overseas customers is also increasing. Last year, West Pump's R&D expenditure grew at the fastest rate, up 31.05% from 2013, reaching 90.06 million yuan, a large part of which was aimed at the international market. Through the year, Xi Pump has developed 116 new products, including 66 kinds of pumps and 50 kinds of exhaust manifolds. The development of a new product on average 3 days, the development speed has been significantly improved. In order to speed up the integration of the global procurement system, Far East Drive actively cooperated with international OEM procurement suppliers to increase R&D investment in export products. The annual R&D expenditure was 63.9 million yuan, up 8.15% year-on-year, accounting for 5.38% of operating income. In 2014, Far East Transmission's export revenue increased by 30.41% year-on-year.
Strengthen intellectual property protection
R&D innovation is the vitality of the sustainable development of auto parts companies, and this vitality should be protected by law. Last year, Yunyi Electric's research and development expenses were 29.42 million yuan, accounting for 6.83% of operating income, an increase of 1.32 percentage points over 2013. Based on independent research and development and innovation, Yunyi Electric has obtained 21 patents and 9 high-tech product certifications throughout the year, providing technical support for the sustainable and efficient development of enterprises. Yueling's 2014 R&D expenditure was 26.22 million yuan. As a manufacturer of wheel hubs, Yueling Co., Ltd. successively launched more than 30 new products, new technologies and new processes, such as "two-piece wheel hub thermal combination technology" and "aluminum wheel hub rheological extrusion molding research". R & D work, applied for and obtained a total of 113 patents, which improved the level of product manufacturing.