Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SAAE) Business Report FY ended Dec. 2015
|(in million yuan)|
|FY ended Dec. 31, 2015||FY ended Dec. 31, 2014||Difference(%)||Factors|
-The Company expanded overseas emerging markets and boosted sales in China and overseas as well.
-In 2015, the Company acquired 50% shares of Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd., thus, Shanghai Delphi has been merged Consolidated Balance Sheet. The Company's profit increased.
-The Company announced that it acquired an additional 50% of shares in Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd. from Delphi Automotive Systems Singapore Pte. Ltd. SAAE will pay USD 99 million for this deal, which is completed on March 31, 2016. Shanghai Delphi Automotive Air Conditioning Systems is owned 87.5% by SAAE and 12.5% by Shanghai Automobile Air-conditioner Factory after the transaction. (From the Company's 2015 annual report)
-In 2015, the Company's active ABS sensor got contract of developing new projects for FAW Car.
-In 2015, the Company's hydraulic cylinder product supplied to SAIC Motor and Haima Automobile.
-In 2015, the Company's car electric products got contract of developing fuse box project for SAIC VW's A-ENTRY platform.
Business Plan for Next Year
-In 2016, the Company plans to reach CNY 5.7 billion sales and CNY 310 miliion ordinary profit . (From the Company's 2015 annual report)
-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.
|FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|FY ended Dec. 31, 2013
|Ratio of R&D expenses to operating income||5.14%||3.26%||2.65%|
-In 2015, the Company was awarded 78 patents in total, 29 of them is patents of invention. The Company had new 61 authorized patents in 2015. (From the Company's 2015 annual report)
-In 2015, the Company had 11 developing projects, including EPS, active sensor, electrical appliances, hydraulic cylinder.
Capital Investment Projects
|(As of Dec. 31, 2015)|
|Projects||Planned amount of investment
|Amount invested in 2015
|The establishment of the assembly line of brush motors for EPS system||29.96||0.23||97%|
|The establishment of the production line of brushless motors for EPS system||126.14||44.23||34%|