Dongfeng Electronic Technology Co., Ltd. FY2011

Business Highlights

Financial overview

(in million yuan)
FY2011 FY2010 Rate of Change(%) Factors
Sales 2,584.54 2,306.67 12.05% 1)
Operating profit 199.07 248.32 (19.83%) -The slowdown of domestic automobile market.
Ordinary profit 203.26 243.90 (16.66%)
Net profit 173.63 218.61 (20.58%)

 
1) The Company  purchased an additional 20 percent of the shares in Zhanjiang DENI Carburetor Co., Ltd., and the finance result included Chongqing Dezhong Machine Manufacturing Co.,Ltd., a subsidiary of Zhanjiang DENI Carburetor Co., Ltd.(From the company's 2011 annual report)

 Acquisition

- The Company is going to purchase an additional 20 percent of the shares in Zhanjiang DENI Carburetor Co., Ltd., which is its joint-venture company with Keihin Corporation of Japan and other companies. Keihin, which has been scaling back its investment, made an offer to withdraw from the joint business completely by transferring the whole 20 percent shareholding to its partners.  DETC has decided to acquire the whole amount, expecting future growth in business and profitability at the joint venture. (From an announcement by the company, February 1, 2011)

 Transfer shares

- The Company transfered shares of Shanghai Johnson Controls Automotive Electronics Co., Ltd. to Johnson Controls. The Company holds 40% of shareholdings and Johnson Controls holds 60% shares of Shanghai Johnson Controls Automotive Electronics Co., Ltd. (From an announcement by the company, September13, 2011)

R&D

- In 2011, the Company was approved 27 patents.

Investment Activities

Major Investment Projects for 2011

(in million yuan)
Projects Planned amount of investment Amount invested in FY 2011

Percentage of amount already spent

Caohejing R&D Center 44.20 37.21 84.18%
Building New Plant 86.48 10.16 11.75%