Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SAAE) Business Report FY ended Dec. 2013

Business Highlights

Financial Overview

(In million yuan)
FY ended Dec. 31, 2013 FY ended Dec. 31, 2012 Difference(%) Factors
Sales 3,358.87 1,529.39 119.62%

-Increase of photovoltaic market, year-on-year growth of solar energy components sales and automobile electronic business grew.

Operating profit 169.95 (1,289.19) -

-Profits increased as sales increased.

Ordinary profit 197.54 (1,239.55) -
Net profit 187.56 (1,241.42) -


-In 2013, the Company began to supply fuse boxes for Delphi Packard Electric Systems Co., Ltd. and LEONI Electrical Systems (Shanghai) Co., Ltd. The Company's sales of active sensors for BMW and Autoliv and fuse boxes for PSA Peugeot Citroen increased significantly in 2013. (From the Company's 2013 annual report)

Business Plan for Next Year

-In 2014, the Company plans to reach CNY 5.4 billion sales and CNY 300 miliion ordinary profit . (From the Company's 2013 annual report)


R&D Structure
- The Company conducts R&D activities for air conditioners(National Delphi Automotive Air Conditioning R&D center), solar energy, and composite materials at respective research centers specially designed to cover each area.

R&D Expenditure

-The total R&D expenditure in 2013 was CNY 89.03 million, 17.59 percent increase over last year, accouting for 2.65% of the Company's sales. (From the Company's 2013 annual report)

R&D Expenditure Projects for 2013

(in million yuan)

R&D Expenditure Projects for 2013

Developing EPS power steering 15.85
Developing brushless motor series 4.13
Developing ABS 10.83
Developing central cable connectors 2.10
Developing new products of high efficient battery and components 2.10
Developing car fans 4.62

Developing active wheel speed sensor for BMW F30/F35

Developing air conditioning remote controllers 0.05


-In 2013, the Company was awarded 78 patents in total, 21 of them is patents of invention. The Company had new 63 authorized patents in 2013. (From the Company's 2013 annual report)

Product Development

-In 2013, the Company finished A prototype of brushless EPS system and is expected to finish samll power EPS industrialization and start trial production in 2014. (From the Company's 2013 annual report)


-In 2013, the Company finished the development of B prototype of ABS system. (From the Company's 2013 annual report)