欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

The fifth wheel is a key chassis component in cargo towing vehicles used for connecting and towing semi-trailers. It achieves a secure connection with the semi-trailer through a locking mechanism and the towing pin of the semi-trailer, and also features a locking function. In addition, the fifth wheel effectively transfers horizontal and vertical forces between the semi-trailer towing vehicle and the semi-trailer. Based on the number of pivot axes, fifth wheels are classified into single-axle fifth wheels and double-axle fifth wheels. According to the specifications of the matching towing pin, fifth wheels are further categorized into 50-type fifth wheels and 90-type fifth wheels. The fifth wheel primarily consists of a seat plate, support, and locking mechanism. The seat plate is designed in a circular or butterfly shape, with oil grooves evenly distributed across the panel.

1.1.2 Market prospect

(1) Analysis on the Market Status of Automobile Fifth wheel

The automotive fifth wheel market is experiencing steady growth through 2024, driven by several factors:

Increased demand for recreational vehicles: With the improvement of people's living standard and the growing interest in leisure activities, the demand for recreational vehicles such as RVs and camping vehicles continues to rise, directly contributing to the increased demand for fifth wheel.

Technological advancements: Modern automobile fifth wheel designs pay more attention to safety, convenience and comfort, and the adoption of advanced materials and technologies, such as electronic control systems and automatic adjustment functions, which enhance the product's market appeal.

Regulations and Standards: Governments around the world are implementing stricter regulations regarding automotive trailer safety, driving the demand for fifth wheel that comply with these standards.

Economic factors: The recovery and growth of the global economy has driven the overall development of the automobile industry, which in turn has driven the growth of the automobile fifth wheel market.

Rise of Alternative Energy Vehicles: With the growing popularity of electric and hybrid electric vehicles, the demand for fifth wheel for these vehicles is also increasing, as they too need to tow other vehicles or trailers.

However, the market also faces a number of challenges:

Fluctuation of raw material cost: Fluctuations in the prices of steel and other key materials may affect the production costs and final selling prices of the fifth wheel.

Intense market competition: There are many mature competitors in the market and new entrants need to offer innovative or cost-effective products to gain market share.

Technology Update: With the development of autonomous driving and intelligent transportation system, the automobile fifth wheel may need to integrate more high-tech functions, which requires enterprises to continuously invest in research and development.

Economic fluctuations: Uncertainty in the global economy, such as trade tensions and recession, could affect consumer purchasing power and overall investment in the automotive industry.

Looking ahead, the automotive fifth wheel market is expected to continue growing, particularly in Asia and North America markets, where demand for recreational vehicles continues to rise. Meanwhile, with the advancement of technology and the strengthening of environmental regulations, the market demand for efficient, safe and environmental friendly fifth wheel products will continue to grow.

(2) Market demand analysis of automobile fifth wheel

Market Background:

As a key component for connecting automobile and trailer, automobile fifth wheel are widely used across various industries such as freight transportation, recreational tourism, agriculture, and construction. With the continuous growth and the rising standard of living, the increasing popularity of automobiles has driven the growth in demand for automotive fifth wheel.

Demand-driving factors:

Freight Transportation industry: The rapid development of E-commerce has promoted the surge of demand for logistics transportation, and correspondingly, the demand for fifth wheel also presents an upward trend.

Leisure tourism: The rise of RV tourism has stimulated the demand for the fifth wheel in the leisure tourism market.

Agriculture: With the improvement of agricultural mechanization level, more and more fifth wheels are used to connect tractors and various agricultural machinery.

Construction industry: The demand for transportation of large equipment in the construction industry has driven an increase in the demand for fifth wheel, which are key components for connecting such equipment.

Market Size Forecast:

According to historical data and industry development trend analysis, it is expected that the automobile fifth wheel market will maintain a stable growth trend in the coming years. At the same time, with the continuous progress of technology and product innovation, the market share of middle and high-end fifth wheel is expected to expand gradually.

Competitive landscape:

Currently, there are several professional enterprises focused on the production of automotive fifth wheel, making the competition intense. With the further development of the market, it is expected that more enterprises will join this field, and the competitive situation will become more intensified.

Technology Development Trends:

Intelligence: The rise of Internet of Things and big data technology will drive automotive fifth wheel to develop in a more intelligent direction, improving ease of use and safety.

Lightweight: To improve fuel efficiency and reduce emissions, the fifth wheel will develop toward lightweight solutions, incorporating new materials and innovative designs.

Challenges and Opportunities:

Challenge: Fluctuations in raw material prices, increasingly stringent environmental regulations and intensified market competition may affect the market.

Opportunity: The expansion of emerging markets, the continuous advancement of technology and the continuous innovation of products will bring new growth opportunities to the automobile fifth wheel market.

Conclusions:

The demand for automobile fifth wheel is expected to continue to grow, but the growth rate may be affected by various factors. Enterprises need to pay close attention to market dynamics, strengthen technological innovation and product upgrading to response to market competition and challenges.

In summary, the rapid development of logistics industry, technological progress and policy support will promote the continuous growth of market demand. The competitive pattern and technological innovation of major enterprises will further promote the prosperity and development of the market. The automobile fifth wheel has a bright future in the market prospect.

1.1.3 Technical analysis

In this project, raw materials are stored in warehouse by category; The raw and auxiliary materials in the warehouse are stored separately according to the batch number, with a strict system for inbound and distribution processes. Errors in distribution must be resolutely prevented, as well as quality incidents caused by mixing batches, wrong numbering, or the improper use of raw materials. The purchase and use of raw materials for the investment project are supported by the Product Data Management Technology (PDM) software, and integrated with the Enterprise Resource Planning (ERP) software to achieve a high degree of technological information management in relevant industries.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

Tax Incentives: Enterprises engaged in the R&D and production of the fifth wheel can benefit from tax incentives, including exemptions and reductions in areas such as value-added tax and corporate income tax. For example, high-tech enterprises can enjoy a preferential corporate income tax rate of 15%.

Financial support: The government provides financial support, including R&D funds and innovation funds, to support enterprises in technological innovation and product development. Enterprises can apply for relevant funds to obtain financial support for the R&D and production of the fifth wheel projects.

Land Use Incentives: Enterprises undertaking the construction of automotive fifth wheel projects can benefit from land use incentive policies, such as exemptions on land transfer fees and extended land use periods.

Jilin Provincial Government has approved the plan for revitalizing the special-purpose vehicle industry proposed by Siping Municipal Government. Next, it will integrate the resources of local special-purpose vehicle enterprises, support the overall development of special-purpose vehicle industry, and build the largest and world-renowned production and sales base of special-purpose vehicle industry in northern China.

(2) Industrial advantages

Currently, three key industries have been formed: Equipment manufacturing industry led by special-purpose vehicles, buses, construction machinery, heat exchangers, and automotive parts. New energy industry led by petroleum, natural gas, thermal power, wind power, biomass power generation and solar power generation; Agricultural products deep processing industry led by deep processing of grains and livestock products. Among them, the special-purpose vehicle industry is the most crucial industry to be established by Siping, which has a good development prospect and broad development space.

The project unit has established an internal research and development center of the enterprise, which can design and develop products meeting the market demand according to the requirements of customers. Significant breakthroughs have been made in materials, heating technology, and manufacturing processes. The project unit has achieved substantial results, and the quality indicators of the products it manufactures have reached a leading domestic level, aligning with international technological standards. By maintaining the advantages in talent, technology, equipment, R&D capability, marketing and production material supply, and by adopting a business model that integrates production, academia, and research, the project unit has had a profound impact on both its own development and the growth of related industries in China.

(3) Location advantages

Siping City is located in the southwest of Jilin Province, at the heart of the Northeast China Plain. It is an important transportation hub and logistics node in Northeast China, situated at the border of Liaoning, Jilin, and Inner Mongolia. It serves as the gateway for Jilin, Heilongjiang, and the eastern part of Inner Mongolia to coastal ports and the Bohai Sea economic circle. Its unique geographical advantages make it a key regional hub.

The transportation infrastructure is also well-developed. As a transportation hub city, Siping has a convenient railway, highway and air transportation network. In terms of railways, Siping is the intersection of Harbin-Dalian Railway and Changchun-Tumen Railway, connecting the main major and ports in the Northeast China. In terms of highways, Siping has many expressways and national highways, such as Beijing-Harbin Expressway and Changchun-Shenzhen Expressway, which facilitate the traffic connection with the surrounding areas. In addition, Siping is planning to build an airport to further enhance its air transport capacity.

These transportation facilities and geographical location make Siping City becoming an important logistics center and transportation hub in Northeast China, promoting the development of regional development and the efficient flow of people and goods.

(4) Talent advantages

Siping is home to several universities, including Jilin Normal University, Boda College of Jilin Normal University, Jilin Engineering Vocational College, Siping Vocational College, and the newly established Hongzui Vocational Technological College, Jilin University Siping Medical College, and Siping Radio and Television University. Among them, Jilin Normal University is a key university in Jilin Province, with 16,302 full-time undergraduate students, 1,844 graduate students, 336 international students, and 15,131 adult education students. It trains thousands of higher-level professionals for society each year. Surrounding cities such as Changchun, Harbin, and Daqing are home to many universities, collectively offering more than 500,000 higher-level talents annually. These talents can provide technological support for project construction.

1.2 Contents and scale of project construction

It covers an area of 3,600 square meters, with plans to construct a production workshop, purchase machining and powder coating production equipment, as well as supporting production facilities. The annual production capacity is 100,000 units of automotive fifth wheels.

1.3. Total investment of the project and capital raising

The total investment of the project is 400 million yuan, including construction investment of 320 million yuan

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 222 million yuan, its profit will be 66.7 million yuan, its investment payback period will be 7 years (after the tax, including the construction period of 1 years) and its investment profit rate will be 16.67%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

1. Improving transport efficiency: Through optimized design, the weight of the fifth wheel can be significantly reduced, thereby decreasing the overall vehicle weight, increasing the vehicle's load capacity, and enhancing transportation efficiency. This not only contributes to the rapid development of the logistics industry, but also reduces energy consumption and emission, which has a positive impact on environmental protection.

2. Promoting technological innovation: The design research of fifth wheel lays a theoretical foundation for product design and development, and provides reference for dynamic analysis and optimizated design of other products. This kind of technological innovation can be applied not only in the automotive industry but also extended to other related fields, driving technological advancements across the entire manufacturing industry.

3. Promoting green development: The latest traction technology aims to reduce emission pollution and noise pollution, which is beneficial to environmental protection. For example, applications in rail transit, electric vehicles, and ships have significantly improved operational efficiency, reduced energy consumption, and lowered emissions.

4. Improving market competitiveness: Through technological innovation and optimized design, the fifth wheel project can enhance the market competitiveness of products and meet the market demand for efficient, intelligent and environmentally friendly locomotive equipment. This helps enterprises gain a competitive edge in the fierce market competition.

5. Promoting Employment and Economic Development: The implementation and promotion of the fifth wheel project will drive the development of relevant industrial chains, create more jobs and promote the growth of local economy. In addition, the advancement and application of technology can improve the production efficiency and economic benefits of the entire industry.

1.5 Cooperative way

Sole proprietorship, joint venture and cooperation, etc.

1.6 What to be invested by the foreign party

The project is intended to be funded primarily through a national special bond application by the government, with the remainder of the funding raised by the project enterprise itself.

1.7 Construction site of the project

Proposed construction of the Siping-Changchun Joint Automotive Industry Park on plots 4# and 5#

1.8 Progress of the project

Project proposal has been prepared

2. Introduction to the Partner

2.1 Unit basic information

Name: Siping Economic Development Zone Administrative Committee

Address: Siping Economic Development Zone, Siping City, Jilin Province

2.2 Unit overview

Siping Economic Development Zone, established in December 1998, is the first provincial-level development zone in Siping City established with the approval of Jilin Provincial People's Government, covering an area of 71.41 square kilometers and a core area of 13.74 square kilometers. Siping Economic Development Zone is located along the Harbin-Dalian advanced manufacturing development axis in Northeast China's revitalization strategy. The zone is within a 500 kilometer radius of major central cities such as Changchun, Shenyang, and Dalian. Multiple railways, including the Beijing-Harbin and Siping-Qiqihar railways, converge in this area. The high-speed highway exits and the high-speed railway station are both located within the development zone. It is 430 kilometers away from Yingkou Port and 550 kilometers away from Dalian International Shipping Center. It is the provincial development zone with the shortest transportation radius in Northeast China.

The three leading industries in Siping Economic Development Zone are pharmaceuticals and food, automobile and parts, and modern service industry. The world's top 500 enterprises, such as Power China Line Hardware Factory, AVIC FENJIN Special Vehicles, and Anheuser-Busch InBev, as well as well-known domestic brands like Guangzhou Liby, Zhejiang Nice, and Zhejiang Shibao, have established a wide range of manufacturing operations in the development zone. FAW Jiefang's modified vehicle base has an annual production capacity of 10,000 specialized vehicles, with 123 products included in the national catalogue. Within the radius of 50 kilometers, there are three major grain-producing counties in China, which has established the foundation for the development of food industry. More than 40 food production enterprises such as Baixiang Food, Junlebao Dairy and Dayao Beverages, which are the leading enterprises in the domestic industry, gather together and open up, and more than 320 kinds of products from these enterprises are now available on people's dining tables. Nine renowned pharmaceutical enterprises such as Yizheng Pharmaceutical, Kangfu Pharmaceutical, are thriving in both production and sales. Commercial complexes, such as Wanda, OU YA, and Country Garden, are fully equipped, contributing to a continuous increase in residents' sense of happiness year by year.

2.3 Contact method

Project Unit: Siping Economic Development Zone Automobile Industry Investment Promotion Bureau

Contact Person: Zhang Yu

Tel: +86-15043403308

Email: zy15043403308@126.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Siping City Economic Cooperation Bureau

Contact Person: Wen Dacheng

Tel: +86-434-3260536

Email: spjhjjhk@163.com