Shanghai Jiao Yun Group Co., Ltd. Business Report FY ended Dec. 2013
Sales for FY2012
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||Rate of change||Factors|
|Sales||8,381.28||7,859.17||6.64%||- 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.
-The revenue of auto parts manufacturing and after-sales service in 2013 reached 5,523 million yuan, increased 9.9% year-on-year and the net profit readed 156 million yuan.
Business Plan for Next Year-In 2014, the Company plans to reach CNY 8.78 billion sales. (From the Company's 2013 annual report)
R&D Expenditure-The total R&D expenditure in 2013 was CNY 94.08 million, 16.4 percent increase over last year, accouting for 1.12% of the Company's sales.
-The R&D expenditure in 2014 is expected to increase 15% over previous year. (From the Company's 2013 annual report)
R&D Facility-In 2013, the Company is pushing the construction of technology center at Shanghai Jiaoyun Auto Power Components Co., Ltd.
-In 2013, Shanghai Intier Jiaoyun Automotive Parts Co., Ltd., the Company's subsidiary, start construction of municipal technology center. (From the Company's 2013 annual report)
Patents-As of December 31, 2013, the Company has applied for 27 patents, 6 of them is patents of invention. (From the Company's 2013 annual report)
New ProductsKey parts for Ford transmission
-Shanghai Jiaoyun Auto Power Components Co., Ltd., a wholly owned subsidiary of the Company, said it has completed prototype production of all seven 6F35/15 automatic transmission products it has been developing for Ford. Mass production of the new products is scheduled to begin in 2014 with a yearly capacity of 500,000 sets. Compared with ATs made in North America, the company’s products are more complex in structure, while achieving reduction in size and weight. The AT consists of 6 forward gears and 1 reverse gear with significant fuel-saving attributes. (From news releases issued by multiple sources on May 6, 2013)
Investment Activities in FY2013
|Project||Planned amount of investment||Amount invested in 2013||% so far invested of the total planned investment amount|
|CF6 automatic transmission system project for Shanghai GM||340.20||0.38||95%|
|Expand capacity of GF6 automatic transmission shift systems||113.27||17.74||81%|
|New plant project in Yantai to support Shanghai GM Dong Yue||189.70||0.17||100%|
|New plant project in Shenyang to support Shanghai GM (Shenyang) Norsom||173.17||1.10||100%|
|L850 and GEN3 engine connecting rod assembly expansion project||79.30||5.95||98%|
|Project of connecting rod assemblies for small-displacement engines||80.57||3.11||100%|
|Project of connecting rod assemblies in Yantai Plant||176.42||21.63||
Infrastructure has been basically completed,
the device is still in the purchase progress
|Ford Project (supply for Ford)||103.25||47.97||57%|
|Small displacement engine connecting rod assembly capacity expansion project and flexible production technology renovation project||114.84||63.21||98%|
|High speed automatic passenger car body molding production technical transformation project||259.62||37.52||14.21%|
|The project of car body assembly production base||281.60||1.37||0.49%|
|Project 211 of Shanghai Jiaoyun Auto Parts Co., Ltd. Wuhan Branch||25.88||8.28||76%|
|The balance shafts supplied to Great Wall||11.15||6.33||56.78%|
|Project SGM OMEGA of threshold plate assembly||49.77||6.65||13.35%|