Shanghai Jiao Yun Co., Ltd. Highlights for FY2008
Business Highlights
Financial overview
- In October 2008, the Company decided to construct a new body parts production facility near the plants of Shanghai GM Dong Yue and Shanghai GM (Shenyang) Norsom.
| million yuan | FY2008 | FY2007 | Rate of change | Factors |
| Sales | 3,091.65 | 2,668.53 | 15.9% | - Sales increased year-on-year as a result of the Company's developing new products and increasing its production capacity. Sales of new products accounted for approximately 33 percent of overall sales. |
| Operating profit | 144.75 | 150.99 | (4.1%) | - Operating profit dropped from a year ago due to greater costs. |
| Ordinary profit | 191.13 | 164.53 | 16.2% | - Ordinary profit and net profit rose year-on-year because of a rise in nonoperating profit. |
| Net profit | 164.80 | 148.87 | 10.7% |
- In October 2008, the Company decided to construct a new body parts production facility near the plants of Shanghai GM Dong Yue and Shanghai GM (Shenyang) Norsom.
Investment Activities
Capital investment projects for 2008 (in million yuan)
<New plant projects>
- In October 2008, the Company announced that it will build a new facility, Automobile Parts Branch Company, in Yantai, Shandong Province to manufacture automotive chassis components. The project will be done in phases, with the company investing a total of 199.45 million yuan in the first phase. When the facility is fully operational it will be able to produce 382,000 parts per year. (From an announcement by the company, October 8, 2008)
- At an executive board meeting of Shanghai Jiao Yun Co., Ltd. held on October 24, the board voted to establish a new facility for Automobile Parts Branch Company in the Shenyang-EU Economic Development Zone. The company will carry out the construction project in stages, planning to invest 187.47 million yuan in total. When fully operational, the plant is expected to generate 251.32 million yuan in sales per year. (From an announcement by the company, October 25, 2008)
| Project | Planned amount of investment (million yuan) |
Amount invested in 2008 (million yuan) |
% so far invested of the total planned investment amount | Remarks |
| CF6 automatic transmission system project for Shanghai GM | 340.24 | 50.99 | 90.0% | Adding production equipment at Shanghai Jiaoyun Auto Power Components Co., Ltd. |
| L850 engine connecting rod proejct for Shanghai GM | 88.63 | 15.95 | 100% | Adding production equipment at Shanghai Jiaoyun Auto Power Components Co., Ltd. |
| GEN3 engine con rod assembly project for Shanghai GM | 83.55 | 48.52 | 65.2% | Adding production equipment at Shanghai Jiaoyun Auto Power Components Co., Ltd. |
| Capacity increase proejct for stamping and welding operations | 457.93 | 9.16 | 3.1% | Adding production equipment at Automobile Parts Branch Company |
| New plant project in Yantai to support Shanghai GM Dong Yue |
208.54 | 20.79 | 10.0% | Adding production equipment at Automobile Parts Branch Company |
| New plant project in Shenyang to support Shanghai GM (Shenyang) Norsom |
173.17 | 3.01 | 1.0% | Adding production equipment at Automobile Parts Branch Company |
<New plant projects>
- In October 2008, the Company announced that it will build a new facility, Automobile Parts Branch Company, in Yantai, Shandong Province to manufacture automotive chassis components. The project will be done in phases, with the company investing a total of 199.45 million yuan in the first phase. When the facility is fully operational it will be able to produce 382,000 parts per year. (From an announcement by the company, October 8, 2008)
- At an executive board meeting of Shanghai Jiao Yun Co., Ltd. held on October 24, the board voted to establish a new facility for Automobile Parts Branch Company in the Shenyang-EU Economic Development Zone. The company will carry out the construction project in stages, planning to invest 187.47 million yuan in total. When fully operational, the plant is expected to generate 251.32 million yuan in sales per year. (From an announcement by the company, October 25, 2008)