Shanghai Jiao Yun Group Co., Ltd. Business Report FY ended Dec. 2015
Sales for FY2015
|FY ended Dec. 31, 2015||FY ended Dec. 31, 2014||Rate of change||Factors|
|Sales||8,210.93||8,935.49||-||-The sales volume of the main customers was lower than expected.
-The replacement of new and old products, and the sales of new products cannot make up the replacement of old products.
-The revenue of auto parts manufacturing and after-sales service in 2015 reached 3.06 billion yuan, decreased 17.9% year-on-year.
-The Company announced that Shanghai J.Y. (Group) Company, which currently owns 51.01 percent of the company's shares, will transfer part of these shares to the Shanghai Guosheng Group for free. When the deal is completed, the Shanghai Guosheng Group will own 21.0 percent of Shanghai Jiao Yun shares, and Shanghai J.Y. will continue to be the largest shareholder of Shanghai Jiao Yun by holding a 30.01 percent stake. (From an announcement by the company on April 29, 2015)
Business Plan for Next Year
-In 2016, the Company plans to reach CNY 8.66 billion sales. (From the Company's 2015 annual report)
|FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|FY ended Dec. 31, 2013
|Ratio of R&D expenses to operating income||0.83%||0.88%||1.12%|
Investment Activities in FY2015
|Project||Planned amount of investment||Amount invested in 2015||% so far invested of the total planned investment amount|
|CF6 automatic transmission system project for Shanghai GM||340.20||0.48||100%|
|Expand capacity of GF6 automatic transmission shift systems||150.56||10.90||100%|
|Expansion and technological transformation project of connecting rod assemblies for small-displacement engines||114.84||0.52||99%|
|Project of connecting rod assemblies in Yantai Plant||176.42||0.32||Infrastructure has been basically completed,
the device is still in the debugging phase.
|Ford Project (supply for Ford)||116.76||10.38||100%|
|High speed automatic passenger car body molding production technical transformation project (BaiHe project)||259.62||66.52||91.69%|
|The project of car body assembly production base (ChaoLu project)||299.96||67.75||90%|
|Project K211 of Shanghai Jiaoyun Auto Parts Co., Ltd. Wuhan Branch||25.88||4.12||100%|
|The balance shafts supplied to Great Wall||11.15||0.18||100%|
|Project SGM OMEGA of threshold plate assembly||15.09||0.88||76.05%|
|The project of E2 car body parts||88.79||4.36||90%|
|The GFX fine blanking project||24.26||19.49||90.47%|
|The production technical transformation project of F101 automotive power system||49.77||-||0.12%|
|Technological transformation project of connecting rod assemblies for NGC engines||102.37||68.86||67.26%|
|Technological transformation project of GFx automatic transmissions||220.45||56.35||34%|
|Expansion project of the balance shafts supplied to Great Wall, Geely and Foton||49.62||4.88||-|