欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

Automotive semiconductors refer to semiconductor products used in automotive electronic control devices for automotive body and on-board automotive electronic control devices. The automotive electronic control device for the automotive body used in conjunction with the mechanical system, is an automotive electronic device based on the semiconductor structure, including the engine control system, the chassis control system and the body electronic control system.

The project is located in Changchun Automobile Economic and Technological Development Zone, based on the new generation of electronic and electrical architecture, combined with the characteristics of rapid update and iteration of new energy vehicle models and large demand for intelligent products, to develop and produce automotive semiconductors and software. It is planned to cooperate with large automobile manufacturers in the Automobile Development Zone to provide intelligent and systematic solutions for automobiles.

1.1.2 Market prospect

(1) Current situation of automotive semiconductor industry

The growth in the market size of the global automotive semiconductor industry is mainly driven by the following factors: firstly, with the popularity of electric vehicles and intelligent connected vehicles, the demand for high-performance semiconductor chips has increased significantly; secondly, the rapid development of advanced driver assistance systems (ADAS) and autonomous driving technologies requires more sensors, processors, and communication chips. In addition, the trend of vehicle electrification is accelerating, especially the widespread use of power semiconductors in electric drives and energy management systems of new energy vehicles; finally, increasing consumer demand for on-board infotainment systems and Internet of Vehicles functions is also driving the expansion of the automotive semiconductor market.

The market size of China's automotive semiconductor industry is expanding rapidly, benefiting from the vigorous development of new energy vehicles and the wide application of intelligent connected vehicle technology. As China accelerates the electrification and intelligence of its automotive industry, the demand for high-performance semiconductor chips in the domestic market has increased significantly, especially in areas such as battery management, autonomous driving assistance systems, Internet of Vehicles, and on-board entertainment systems. The government's support policies for semiconductor independence have further promoted the technology research and development and production capacity improvement of local enterprises, making the scale of China's automotive semiconductor market continue to grow and occupy an important position in the global market.

In the battery electric vehicle model, as the electric motor and electronic control system replace the traditional mechanical structure of the power system, the use of power semiconductors has increased significantly, accounting for 55%, followed by MCU accounting for 11%, and sensors accounting for 7%.

However, despite the promising prospects of the automotive semiconductor market, the industry also faces some challenges. Firstly, the production cycle of semiconductor chips is long, and the technology is updated and iterated quickly, which requires enterprises to have strong research and development capabilities and flexible production strategies. Secondly, fluctuations in the global supply chain may affect the stability of the supply of semiconductor materials, thereby impacting the production plans of automobile manufacturers. In addition, with the intensification of market competition, price pressure is also constantly increasing, which requires enterprises to seek effective ways to control costs while ensuring product quality.

(2) Prospect analysis of automotive semiconductors

As an important country in the global automotive industry and automotive electronics industry, China's automobile production and sales in the first five months of 2024 reached 11.384 million and 11.496 million respectively, an increase of 6.5% and 8.3% year-on-year. Affected by unfavorable factors such as macroeconomic tightening policies, high inflation, high oil prices, the cancellation of consumer incentive policies, and restrictions on driving and purchases, the growth rate of production and sales in China's automotive industry has slowed down. However, after the rapid growth in the previous years, China's automotive industry is gradually returning to rationality, and although the growth rate has declined, China is the world's largest producer and seller of automobiles. It is expected that in the future, China's automotive industry will enter a new stage of high total volume and stable growth.

The automotive industry has become one of the key industries driving China's sustained and rapid economic growth. Due to its long chain, wide coverage, and involvement in numerous related industries, the automotive industry plays a crucial role in China's national economy. With the sustained and rapid development of China's automotive industry, its position in the national economy is increasingly prominent, becoming one of the key industries driving the sustained growth of the Chinese economy.

The vigorous development of China's automotive industry has also significantly promoted the development of related upstream and downstream industries. According to the analysis of the State Information Center, the employment ratio between the automotive industry (including parts enterprises) and related industries is 1:7, that is, for every new employment position in the automotive industry, the related industry will increase seven employment positions. From the perspective of the entire automotive industry chain, it involves many industries and can drive the development of more than 100 industries. The Development Research Center of the State Council analyzed the input-output flow tables of 62 sectors in China in 2005 and found that every 1 yuan of value-added in the automobile manufacturing industry can drive the value-added of upstream and downstream related industries by 2.64 yuan. In view of the driving role of automobiles in upstream industries such as steel, petrochemical, rubber, glass and electronics, as well as downstream industries such as finance, insurance, maintenance, tourism, leasing, and hotels, statistical data show that the comprehensive contribution of China's automotive industry to the national economy is more than 5%. With the continuous expansion of the scale of the automotive industry and the continuous progress of technology, the improvement of the automotive industry chain will have a more significant pulling effect on the upstream and downstream industries.

China is still in the stage of rapid growth in automotive consumption, with the increase of restrictions on automobiles in first- and second-tier cities, the actual consumption of automobiles is gradually shifting to third- and fourth-tier cities with huge rigid demand. At the same time, China's per capita car ownership is far lower than that of developed countries such as Europe, the United States and Japan, as well as the world’s average level. In the long run, China's automotive market still has great growth potential.

With the advancement of China's new urbanization process and the improvement of residents' living standards, the demand for convenient travel will continue to grow, which will promote the accelerated growth of automobile consumption demand. In addition, the construction of infrastructure and public facilities in small cities driven by urbanization, the construction of new residential projects, the demolition of rural land, the construction of large-scale public service facilities, urban logistics and transportation, sanitation, municipal engineering, etc., will increase the demand for automobiles and provide a broader market space for the automotive industry. According to the forecast of the Development Research Center of the State Council, China's GDP growth rate will remain at an average annual rate of around 7% in the next decade, and the per capita national income will remain stable, so the support of household consumption will remain strong. In this context, with the arrival of a new round of replacement and additional purchase demand, it will have a further driving effect on the future automotive market. In addition, China has achieved certain results in tackling traffic congestion, and measures such as tax cuts for small enterprises, the continuous implementation of policies to benefit farmers, and the priority to the large-scale development of the western region have all had a positive impact on the expansion of the automotive market. Therefore, there is still a lot of room for growth in China's automotive market.

According to the forecast of the Medium and Long-term Development Plan for the Automotive industry, China's automobile production will reach 35 million by 2025. With the development of the automotive market, the market of China's automotive parts industry will also maintain stable growth. In addition, lightweight plastic automotive parts products help to save energy and reduce emissions, so the market prospect of project products are promising.

1.1.3 Technical analysis

Semiconductor system solutions provide a better sensory experience for mobile phones, personal media players, TVs, set-top boxes, identification applications, automobiles, and a wide range of other electronic devices. The most used semiconductor devices in automobiles are mainly three major categories of sensor MCUs and power semiconductors. Among these three categories, MCUs have the largest market share, followed by power semiconductors, which are mainly used in power control systems, lighting systems, fuel injection, chassis safety and other systems.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

The Proposal of the Central Committee of the Communist Party of China on Formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives for the Year 2035 points out the comprehensive promotion of consumption and the transformation of consumer goods such as automobiles from purchase management to usage management. China is still in the stage of rapid expansion of automotive consumption, with the increase of restrictions on automobiles in first- and second-tier big cities, the actual consumption of automobiles has slowly shifted to the third- and fourth-tier cities, which also have huge rigid demand. Moreover, China's per capita car ownership is still far lower than that of developed countries such as Europe, the United States and Japan, as well as the world’s average level. The growth space of China's automotive market is still very large in the long run.

Jilin Province implements the "step up" project of automotive industry clusters, based on Changchun, drives the whole province, seizes the new track of new energy vehicle development, gives full play to the leading role of China's FAW, the leading enterprise, strengthens the support of major landmark projects such as Audi FAW new energy vehicles, and takes Changchun automotive industry cluster as the guide to promote regional coordination and linkage, accelerate the coordinated development and comprehensive improvement of the "trinity" of vehicles, parts and aftermarket, and build a trillion-level, world-class advanced automotive manufacturing cluster.

(2) Talent advantages

Changchun has a strong scientific and technological force and concentrated colleges and universities. It has more than 30 colleges and universities such as Jilin University and Northeast Normal University, and more than 100 well-known scientific research institutions at home and abroad, including Changchun Institute of Applied Chemistry, Chinese Academy of Sciences and Institute of Optics, Mechanics and Physics. At the same time, it also has more than 700 secondary schools of various types, more than 40000 teaching and scientific research personnel, including nearly 1000 professors and researchers who enjoy reputation at home and abroad, and more than 300000 professional and technical personnel of various types. It can be said that it has excellent scientific research equipment, rich human resources, and is one of the few knowledge-intensive areas in China.

(3) Location advantages

The Auto Development Zone is located in the southwest of Changchun City, starting from Puyang Street and Chang-Shen Railway in the east, to the south is Fanjiatun Town, Gongzhuling City, to the west is Xixinkai River, and to the north is Jingyang Road, Zhinong Road, and Changchun West Lake. The jurisdiction service area is 110 square kilometers. No. 102 National Highway, Chang-Shen Railway and other external traffic lines pass through the southern part of the zone, and the around-city highway passes through the middle of it.

(4) Industrial advantages

The Automobile Development Zone is the core area of automobile industry in Jilin Province and Changchun, and is the only national development zone named after the automobile industry in China. The headquarters of FAW Group, FAW Jiefang, FAW-Volkswagen, FAW Fengyue and other FAW Group's wholly-owned and holding automobile manufacturers are located in the zone. The zone has formed a product pattern of three series of "medium, heavy, and sedan" with multiple models. The development zone has a very strong foundation for automotive parts manufacturing. There are 300 automotive parts companies, including FAW Faway, Zexel Air Conditioning, FAW Casting, FAW Forging, FAW Mold Center, etc., which are relatively influential in China and have formed a certain scale of supporting system and a cluster of parts manufacturing enterprises with certain competitive advantages in China. The built-up area and its surrounding areas have a solid foundation of automobile industry. FAW-Volkswagen, FAW Jiefang, FAW Car and other automobile manufacturers, more than 300 automotive parts enterprises and a number of automobile modification enterprises form a well-known automobile manufacturing enterprise cluster at home and abroad. FAW Technology Center, MMI Planning & Engineering Institute IX Co., Ltd., and the Automobile College of Jilin University constitute the most concentrated area of domestic automobile research and development and education institutions. China’s largest automotive parts trading and distributing center, and the largest automobile and used car trading market in Northeast China, etc. constitute a complete automobile aftermarket service area.

1.2 Contents and scale of project construction

The project is planned to cover an area of 8000 square meters, production workshops, technology research and development centers, raw material warehouses, finished product test centers, etc. are built, and related production equipment are purchased.

The total investment of the project is 100 million yuan, including the construction investment of 80 million yuan.

1.3 Total investment of the project and capital raising

The total investment of the project is 100 million yuan, including the construction investment of 80 million yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the completion of the project, its annual sales income will be 72.46 million yuan, its profit will be 21.74 million yuan, its investment payback period will be 5.6 years (after the tax, including the construction period of 1 year) and its investment profit rate will be 21.74%.

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

1.4.2 Social evaluation

After the completion of the project, a complete industrial chain will be established to promote the upgrading and replacement of industries, stimulate the development vitality of downstream industries, and at the same time, promote local employment, have a positive impact on the development of local society, and play an important role in promoting the upgrading of Changchun's automotive industry.

1.5 Cooperative way

Sole proprietorship

1.6 What to be invested by the foreign party

Technology, design, construction and operation

1.7 Construction site of the project

Changchun Automobile Economic and Technological Development Zone

1.8 Progress of the project

The project cooperation plan has been prepared

2. Introduction to the Partner

2.1 Basic information

Name: Changchun Automobile Economic and Technological Development Zone Management Committee

Address: No. 7766 Dongfeng Street, Lvyuan District, Changchun City, Jilin Province

2.2 Overview

Changchun Automobile Economic and Technological Development Zone (hereinafter referred to as "Auto Development Zone") is a national economic and technological development zone approved by the State Council. It mainly undertakes three tasks: speeding up the construction of Changchun International Automobile City, building a new urban area in the west of Changchun and undertaking social functions separated by FAW. Its administrative area is 110 square kilometers, and it has jurisdiction over 4 sub-district offices. The built-up area is 23 square kilometers. The total population of the zone is 250000, of which the non-agricultural population is 190000. There are more than 3160 enterprises of various types. Since the establishment of the zone, it has successively been awarded the titles of National Automotive parts Export Base, National Auto Electronics Industry Base, National New Industrialized Industry Demonstration Base, etc. It is the first development zone in Northeast China to start the establishment of national eco industrial demonstration park. In November 2012, it also passed the IS09001 international quality management system and IS014001 international environmental management system certification, and obtained the quality management system and environmental management system certificates issued by China CQM Certification Group.

2.3 Contact method:

2.3.1 Contact information of project cooperation unit:

Contact person: Lin Jiaqi

Tel: +86-431-81277426

Postal code: 130000

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

Contact unit: Changchun Cooperation and Exchange Office

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com

Website of city (prefecture): http://www.ccmbc.com/