Shanghai Jiao Yun Group Co., Ltd. Business Report FY ended Dec. 2012
Sales for FY2012
|FY2012||FY2011||Rate of change||Factors|
|Sales||7,859.17||6,547.27||20.04%||- Sales increased year-on-year as a result of increase of market share by developing new products and cooperating with car maker in new projects, and improved quality of product and expand capacity.
-The revenue of auto parts manufacturing and after-sales service in 2012 reached 5,024 million yuan, increased 19.66% year-on-year and the net profit readed 156 million yuan.
-Shanghai Jiaoyun Auto Power Components Co., Ltd., which is a wholly owned subsidiary of the Company, will invest 118.83 million yuan in its existing plant in Jinqiao, Pudong, Shanghai to increase production capacity. The facility will supply F6 automatic transmission systems for installation on 680,000 Changan Ford Mazda vehicles.
-Shanghai Jiao Yun Co., Ltd. has adopted a new corporate name, the Shanghai Jiao Yun Group Co., Ltd. The company received a new operating license from the Shanghai Administration for Industry and Commerce on June 15, 2012. The stock name and the security code number remain unchanged. (From an announcement by the company, June 28, 2012)
- The expenditure on R&D in 2012 reached 80.79 million yuan, increased 17.91% year-on-year.
- The Company applied for 27 patents.
- Model C14/B12 rods and a number of new products are being implemented orderly.
- Yantai Zhongrui Automobile Parts Co., Ltd is identified as Yantai Enterprise Technology Center. Shanghai Intier Jiaoyun Automotive Parts Co has passed the assessment of Shanghai municipal enterprise technical center.(From the Company's 2012 annual report)
Investment Activities in FY2012
|Project||Planned amount of investment||Amount invested in 2012||% so far invested of the total planned investment amount||Remarks|
|CF6 automatic transmission system project for Shanghai GM||340.20||9.17||95%||Adding production equipment at Shanghai Jiaoyun Auto Power Components Co., Ltd.|
|Expand capacity of GF6 automatic transmission shift systems||113.27||46.14||80%|
|Capacity increase project for stamping and welding operations||457.93||0||5.40%||Adding production equipment at Automobile Parts Branch Company|
|New plant project in Yantai to support Shanghai GM Dong Yue||189.70||16.78||100%||Adding production equipment at Automobile Parts Branch Company|
|New plant project in Shenyang to support Shanghai GM (Shenyang) Norsom||173.17||27.83||97.13%||Adding production equipment at Automobile Parts Branch Company|
|GEN3 Project (supply Shanghai GM Dongyue)||79.30||2.56||93.19%||Adding production equipment at Shanghai Jiaoyun Auto Power Components Co., Ltd.|
|Project of connecting rod assemblies for small-displacement engines||80.57||0.73||90%||-|
|Project of connecting rod assemblies in Yantai Plant||176.42||133.93||79.58%||Adding production line at Yantai Zhongrui Automobile Parts Co., Ltd.|
|Ford Project (supply for Ford)||103.25||15.52||15%|