At present ， In gear Parts processing Among the major listed companies in the industry ， Double ring drive and precision forging technology are mainly concentrated in the field of automobile gear products ， Including product parts and gearbox products 。 Hangzhou gear group focuses on industrial special gear products ， Mainly used for transmission of ships and wind power facilities ； Ningbo Dongli focuses on industrial general gear products ， It is also a well-known high-precision parts customization enterprise 。
Among the four listed companies, precision forging technology is particularly representative 。 These years ， Precision forging technology takes advantage of high precision parts Customization Technology ， Market expansion in agricultural machinery and passenger car gear products ， High level of gross profit 。 Meanwhile ， Precision forging technology gear Parts processing Gross margin level of ， Obviously higher than the same kind Precision machining Enterprise 。
According to each Enterprise The annual report and financial audit report show that ，2018 Double ring drive in the first half of the year 、 Hang tooth advance 、 Ningbo Dongli In gear The gross profit margin in the product sector is also higher than 21%， And the gross profit rate of precision forging technology has reached 40.9%。 It also shows that the gears in China Parts processing And reduce 、 Gearbox industry has a good dynamic space ， Such kind Precision machining Enterprise High benefit can be obtained under stable growth of revenue 。
From the perspective of net profit and net interest rate of precision forging technology ， Although 2018 In the first half of the year, the operating revenue was less than half of the double ring drive ， But Parts processing Net profit of 1.59 Billion yuan ， Net profit margin reaches 24.6%； Double ring transmission Parts processing Net profit 1.28 Billion yuan ， The net profit margin is 8%。 Hang tooth advance Stay 2018 Achieved in the first half of 8.88 Billion yuan Operating income of ， But limited by Precision machining Increase in operating costs ， Its net profit is only 714.67 Ten thousand yuan ， Insufficient net profit margin 1%， Significantly lower than the other three Parts processing Enterprise 。