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recently, china automotive news and roland berger jointly released the "top 100 chinese automotive supply chain companies in 2024". a total of 11 shandong companies were on the list, with a total operating income of 360.498 billion yuan for auto parts. among them, the "auto parts king" weichai group achieved a revenue of 241.674 billion yuan last year, ranking second on the list. in terms of regions, there are 4 companies in qingdao, 3 in weihai, and 2 each in weifang and yantai.

roland berger said in a statement that the development trend of global auto parts shows three characteristics: stabilization of revenue scale, rebound in profitability, and continuous drive of "two wheels". in 2023, the overall revenue of the world's top 100 companies will increase by 13.2% year-on-year. at the same time, with the recovery of investment and consumption activities and the recovery of the auto market, the overall profit margin of auto parts suppliers in 2023 will be 6.1%, a significant increase from 5.4% in 2022.

this year's list presents the following characteristics. as "electrification and intelligence" in the automotive industry has become a general trend, the leading growth companies in the automotive parts industry and the newly listed companies continue to deepen their layout in related fields to build a fulcrum for future business growth; due to economic stimulus and regional trade protection, the global revenue share of us and japanese companies has stabilized, and chinese and korean companies have benefited from new energy and continued to expand; the top 100 european companies will see a significant increase in revenue in 2023 due to the recovery and rebound of traditional businesses after the epidemic.

in the "top 100 chinese automotive supply chain companies in 2024", based on the supply chain revenue in 2023, catl ranked first with 285.253 billion yuan, weichai group ranked second with 241.674 billion yuan, and huayu automotive ranked third with 159.519 billion yuan. among them, 11 companies from shandong were on the list, namely: weichai holding group co., ltd., ranked second with 241.674 billion yuan; doublestar group co., ltd., ranked 12th with 26.60 billion yuan; sailun group co., ltd., ranked 14th with 25.56 billion yuan; shandong linglong tire co., ltd., ranked 28th with 19.865 billion yuan; triangle tire co., ltd., ranked 41st with 10.351 billion yuan; prinx chengshan holding co., ltd., ranked 44th with 9.949 billion yuan; shandong haoxin co., ltd., ranked 61st with 7.10 billion yuan; zhenghai group co., ltd., ranked 70th with 5.610 billion yuan; hailian jinhui technology co., ltd., ranked 81st with 5.002 billion yuan; qingte group co., ltd., ranked 85th with 4.781 billion yuan; tianrun industrial technology co., ltd., ranked 100th with 4.006 billion yuan.

a total of five shandong tire companies (doublestar group, sailun group, linglong tire, triangle tire, and prinx chengshan) were shortlisted, accounting for half of the tire companies on the list, and the title of a major tire province is well deserved. among them, doublestar group ranked 12th on the list and 2nd in the tire industry. last year's revenue increased by 18% year-on-year to 26.6 billion yuan, and profits increased by 149% year-on-year. among them, radial tires (including kumho) ranked second among chinese companies in terms of revenue; passenger car tire sales and overseas sales ranked first in the industry.

according to public information, doublestar group was founded in the early 1920s and is headquartered in the west coast new area of ​​qingdao. its main business was shoes and clothing before. it transformed in 2008 and gradually formed three major industries: rubber tires, artificial intelligence and high-end equipment, and green ecological recycling. it has two listed companies, kumho of south korea and qingdao doublestar. among them, doublestar tire has three major production bases (qingdao, dongying, and shiyan), with brands such as new doublestar, wolverine, jinbeili, crowrida, doublestar, dongfeng, and orson, covering passenger tires, truck tires, and giant mining tires. the world's first "fully explosion-proof" passenger car safety tire can continue to drive at a speed of 60km/h for more than 30 minutes when it is completely out of air; "rare earth gold" truck tires can travel 1 million kilometers in their entire life cycle.

last year, sailun group produced 58.6354 million tires and sold 55.7863 million tires, up 35.71% and 27.07% year-on-year, respectively, both setting new historical highs. among them, the production and sales of all-steel tires, semi-steel tires, and off-road tires all set new records. at present, the company has production bases in qingdao, dongying, shenyang, weifang, cambodia, and vietnam. at the end of 2023, it announced an investment of us$240 million to build a semi-steel radial tire factory in mexico with an annual output of 6 million tires. this is also the first time that a chinese tire company has entered the north american market. this year, it plans to invest us$251 million in indonesia to build an annual output of 3.6 million radial tires and 37,000 tons of off-road tires.

sailun is not the only shandong tire company that has gone overseas. linglong tire, as one of the earliest companies to go global and deploy production capacity, has built two production bases in thailand and serbia. the third overseas factory is currently undergoing multiple inspections and is striving to determine the site this year.

weichai group, shandong's "auto parts king", had supply chain revenue of 241.674 billion yuan in 2023, ranking second on the list, second only to catl (285.253 billion yuan). it is also one of only two companies in china with supply chain revenue exceeding 200 billion yuan.

weichai group was formerly known as weifang diesel engine factory, which was founded in 1946. after 78 years of development, it has become a world-renowned equipment manufacturing enterprise, covering business sectors such as power systems, commercial vehicles, agricultural equipment, construction machinery, smart logistics, and marine transportation equipment. weichai power, a listed company under its umbrella, sold 736,000 engines of various types last year, a year-on-year increase of 28%; sales of m series large-bore high-power density engines exceeded 8,100 units, a year-on-year increase of 38%, of which more than 5,400 were exported. sales of 838,000 transmissions and 743,000 axles increased by 42% and 39% year-on-year respectively.

reporter: su ran editor: zhou quan proofreader: gao xin