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- Somboon Advance Technology Public Co., Ltd.
- Somboon Advance Technology Public Co., Ltd. Business Report FY ended Dec. 2015
Somboon Advance Technology Public Co., Ltd. Business Report FY ended Dec. 2015
Financial Overview
|
(in million THB) |
|
FY ended Dec. 31, 2015 |
FY ended Dec. 31, 2014 |
Rate of change (%) |
Factors |
Net Sales |
8,644.5 |
8,084.0 |
(6.9) |
1) |
Net Profit |
641.5 |
649.8 |
(1.3) |
2) |
Factors
1) Net Sales
-The Company’s sales for the fiscal year ended December 31, 2015 were THB 8,644.5 million, an increase of 6.9% from the previous fiscal year. The increase in sales is primarily due to the increased price per unit which had increased in line with the cost of sales. The increase in sales was partially offset by worsening economic conditions in Thailand, which has negatively impacted the Thailand automotive market.
2) Net Profit
-In the fiscal year ended December 31, 2015, the Company’s net profit decreased by 1.3% to THB 641.5 million. The decrease in net profit was caused by a decline in sales volume in some of the Company’s product lines.
Market share of Major Products
|
(%) |
Products |
Company |
FY ended Dec. 31, 2015 |
FY ended Dec. 31, 2014 |
Rear axle shafts |
Somboon Advance Technology Public Co., Ltd. (SAT) |
81 |
80 |
Disc and drum brakes |
Somboon Malleable Iron Industrial Co,. Ltd. (SBM) |
28 |
27 |
Coil springs |
Bangkok Spring Industrial Co., Ltd. (BSK) |
29 |
38 |
Stabilizer bars |
Bangkok Spring Industrial Co., Ltd. (BSK) |
28 |
36 |
Leaf springs |
Bangkok Spring Industrial Co., Ltd. (BSK) |
- |
14 |
Hubs |
Somboon Forging Technology Co., Ltd. (SFT) |
14 |
- |
Technological Alliance
-The Company’s subsidiary, Bangkok Spring Industrial Co., Ltd. (BSK), signed a technical cooperation agreement with Chuo Spring Co., Ltd. Under the agreement, Chuo Spring will provide BSK with its technologies to develop and manufacture suspension parts for automobiles and transportation equipment, including coil springs, stabilizer bars and leaf springs. (From a press release on April 27, 2015)
Technical Assistance Agreements
Company |
Technical assistance from |
Somboon Advance Technology Public Co., Ltd. (SAT) |
Ibara Seiki |
Somboon Malleable Iron Industrial Co,. Ltd. (SBM) |
Ibara Seiki |
Bangkok Spring Industrial Co., Ltd. (BSK) |
Chuo Spring |
Capital Expenditure
|
(in million THB) |
|
FY ended Dec. 31, 2015 |
FY ended Dec. 31, 2014 |
FY ended Dec. 31, 2013 |
Overall |
360 |
597 |
1,427 |