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
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%)


-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 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