Weifu High-Technology Co., Ltd. FY2007

Business Highlights

Performance for FY2007 (million yuan)
  FY2007 FY2006 Rate of
Change (%)
Sales 3,121.34 2,669.96 16.9 - Sales increased year-on-year, thanks to strong sales of diesel-powered commercial vehicles in China.
Operating profit 286.05 138.64 106.3 - Profit rose significantly year-on-year due to greater gains earned on investments the company made in companies accounted for under the equity method. Among these companies is Bosch Automotive Diesel Systems Co. Ltd., which recorded increased sales.
Ordinary profit 283.11 134.86 109.9
Net profit 266.03 127.15 109.2

Additional investment in Wuxi Autocam Precision Machine Co., Ltd.
- In 2007, the Company and Autocam of the U.S. each invested an additional 2 million dollars in Wuxi Autocam Precision Machine Co., Ltd., a 50-50 joint venture company between the two. The addition, which increased the amount of Wuxi Autocam's capital from 6 million dollars to 10 million dollars, was intended to support the company's production expansion project targeting car OEMs.


- Through technological tie-up with Bosch, the Company developed a fuel injection system component conforming to EUROII/III emissions regulations.

Investment Activities

Capital investment projects for FY2007 (in million yuan)
  Project Total amount of investment Amount invested in 2007
1. Manufacturing components used in Bosch-brand products in China 120.00 92.50
2. Improving production lines to make pumps for use in direct injection systems 25.00 16.93
3. Manufacturing components for use in Bosch's high-pressure common rail fuel injection systems 12.50 8.44