Shandong Binzhou Bohai Piston Co., Ltd. FY2011

Business Highlights

Financial overview

(in million yuan)
FY2011 FY2010 Rate of increase (decrease) Factors
Sales 1,823.87 1,767.51 3.19% - Influenced by macro-control of the State in 2011 and the withdrawal of encouragement policies of automobile consumption.
Operating profit 116.03 168.58 (31.17%)


Ordinary profit 118.16 148.94 (20.67%)
Net profit 100.57 122.25 (17.73%)


- The Company has decided that it will discontinue production at Changchun Bohai Piston Co., Ltd., its wholly owned subsidiary, and dispose of its assets. The decision was made based on changes in the market situations and the company's new business plans. (From an announcement by the company, March 7, 2011)


R&D facility

- The Company owns a national level technical center for developing pistons.
- In 2011, the Copmany developed and engineered 40 high performance pistons.

Investment Activities

Capital Investment Projects for FY2011

(in million yuan)
Project Planned amount of investment Investment made in 2011 Actual Spending by 2011 as a percent 
of planned amount of  investment
Retooling automatic production lines 165.00 37.02 100%
Improving technology for 8 million pistons for low-emission passenger vehicles 279.87 24.68 20%