Weifu High-Technology Co., Ltd. Highlights FY2006:
Business Highlights
Performance for FY2006 (million
yuan)
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.
| (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.
-The total amount of capital spending in FY2006 reached 281.59 million yuan.