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  4. Economic data for steering assembly and related parts industry in China

Economic data for steering assembly and related parts industry in China

Item 2018 2017 2016
Industry scale Year-end total asset (million CNY) 53,803.15 50,131.91 46,247.63 
Total production (million units / million pieces / million sets) - 71.95 67.46 
Main operating income (million CNY) 63,450.83 59,417.19 55,702.09 
Economic effect Gross profit (million CNY) 5,665.11 5,346.42 5,091.16 
Current income before income taxes (million CNY) 7,870.60 7,429.29 7,229.45 
Debt to asset ratio (%) 47.63 53.12 58.03 
Research and development

Total number of people in R&D 3,358 3,373 3,260 
R&D Expenditures as percentage of GDP (%)  2.19 2.13 2.05 
Total number of patent acquisitions 1,778 1,619 1,790 

Source : China Automotive Industry Yearbook

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