Shanghai Jiao Yun Group Co., Ltd. Business Report FY ended Dec. 2015

Sales for FY2015

(million yuan)
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.
perating profit 407.13 338.06 20.43%
Ordinary profit 499.11 459.40 8.64%
Net profit 393.86 355.55 10.77%

-The revenue of auto parts manufacturing and after-sales service in 2015 reached 3.06 billion yuan, decreased 17.9% year-on-year.

Recent Development

-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)

R&D Expenditure

FY ended Dec. 31, 2015
(million yuan)
FY ended Dec. 31, 2014
(million yuan)
FY ended Dec. 31, 2013
(million yuan)
R&D Expenditure 68.26 78.19 94.08
Ratio of R&D expenses to operating income 0.83% 0.88% 1.12%

Investment Activities in FY2015

(million yuan)
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 -