Weifu High-Technology Co., Ltd. Highlights FY2006:

Business Highlights

Performance for FY2006 (million yuan)
(million yuan) FY2006 FY2005 Factors
Sales 2,669.96 2,790.95 -Sales decreased at Wuxi Weifu Automotive Diesel Systems Co., Ltd., a subsidiary of the Company.
Net profit 127.15 181.91 - Prices of raw materials soared. Profit  from investment in the Company's joint venture, Bosch Automotive Diesel System Co., Ltd. decreased.

New joint venture company
- In May, 2006, the Company and Chaoyang Jialin Machinery Manufacturing Co., Ltd. established a 50-50 joint venture company, Chaoyang Weifu Jialin Machinery. Manufacturing Co., Ltd.

Investment Activities

Capital Investment Projects FY2006
-The total amount of capital spending in FY2006 reached 281.59 million yuan.