Changchun Yidong Clutch Co., Ltd. Business Report FY ended Dec. 2012
Business Highlights
Financial Overview |
(in million yuan) |
| FY ended Dec. 31, 2012 | FY ended Dec. 31, 2011 | Rate of Change (%) |
Factors | |
| Sales | 602.71 | 750.95 | (19.74%) | -The Company's revenue decreased as its main supporting vehicle sales decreased. |
| Operating profit | 17.56 | 61.00 | (71.21%) |
-Profit decreased as sales decreased |
| Ordinary profit | 18.59 | 62.34 | (70.18%) | |
| Net profit | 14.39 | 41.62 | (73.60%) |
Order
-The Company supplied DS348R10 clutch cover assemblies and DS340R14 clutch disc assemblies to Russian manufacturer ZIL. (From a press release, March 28, 2012)
R&D
R&D Structure
-The Company’s R&D structure consists of a joint venture, called Jinling Auto Parts R&D Center, comprised of the following 6 entities:
- Jilin University
- Changchun Faway Automobile Components
- Changchun Yidong Clutch Co., Ltd.
- Fawer Automotive Parts Limited Company
- Changchun Xuyang Industry (Group) Co., Ltd.
- Technology Center of China FAW (Group)
Product Development
-In 2012, the Company applied for 7 technology patents. The Company’s R&D expenditure for the year was 19.64 million yuan, or 3.26% of the Company’s revenue.(From the Company's 2012 annual report)
Investment Activities
Capital investment projects for FY2012 |
(in millions of yuan) |
| Project | Capital | Budgeted amount | Amount invested in FY2012 | Ratio of amount already invested | Status |
| Increase its capacity to produce 3.6 million units clutches | Own funds | 52.02 | 0 | 0.01% | Under construction |