Jiangnan Mould & Plastic Technology Co., Ltd. Business Report FY ended Dec. 2022

Financial Overview

(CNY millions)

	FY ended Dec. 31 2022	FY ended Dec. 31 2021	Rate of change (%)
Sales	7,663.57	7,389.87	3.70	-The Company’s new-energy vehicle business, which accounts for more than 22% of sales, grew significantly YoY due to strong sales.
Operating income	539.93	(166.39)	-
Ordinary profit	538.01	(175.35)	-
Net profit	501.71	(203.69)	-

Strategic partnership

‐Marelli Corporation (Marelli) announced that it signed a tripartite strategic cooperation framework agreement with Jiangnan Mould & Plastic Technology Co., Ltd. (JMPT) and Ningbo Huaxiang Electronic Co., Ltd. (Ningbo Huaxiang). According to the agreement, the three parties will cooperate in the field of smart car exteriors. By leveraging their respective technical advantages and client channels in fields such as smart illuminated grilles and bumpers, they will work together to explore business possibilities regarding customized exterior parts. (From a press release dated July 25, 2022)

-Shenyang Minghua Mould & Plastic Technology Co., Ltd. passed the quality certification audits for the BMW G18 project, BMW G288BEV project, and BMW G2XLCI project. It started mass production in 2022.

-Minghua Mexico California Inc. started mass production for the BMW G20LCI project and the G87 project in 2022.

Customers

Customers	Production volume (units )	Production volume (units )	Net sales (CNY millions)
Polestar	1,004,217	916,846	2,532.05
BMW	98,986	78,648	4,979.71
Voyah	75,189	90,305	405.73
Dongfeng Mengshi	384	116	14.98
HiPhi	81,729	138,045	569.45
Hozon Auto	64,134	42,144	2,345.85
Evergrande New Energy Vehicle	3,557	1,142	254.89
Li Auto	316,745	292,512	25,605.39
Lotus	1,862	239	160.57
Niutron	3,121	1,076	5.01
Noboauto	17,698	17,665	278.92
Ora	233,270	193,897	818.18
SAIC VW	3,964	3,482	1,975.27
SAIC Group	400	388	199.61
SAIC GM	58,470	57,288	816.90
Tesla	1,142,760	1,142,760	111,723.72
Enovate	11,826	14,654	915.55
NIO	91	397	11.92
XPeng Motors	278,546	260,945	16,270.31
Zhiji Motor	10,899	10,105	206.72