Weifu High-Technology Co., Ltd. FY2008

Business Highlights

Financial overview (million yuan)
  FY2008 FY2007 Rate of
Change (%)
Sales 3,033.29 3,185.42 (4.8%) Sales decreased year-on-year due mainly because of the following factors:
- A fall in sales of diesel engines due to the slowdown of the global economy.
- A significant decline in sales of products based on the National Emissions Standards 2, following the introduction of the National Emissions Standards 3. (National Emissions Standards 3 are equivalent to Euro 3 standards.)
Operating profit 245.19 287.57 (14.7%) - Operating profit, ordinary profit, and net profit decreased from a year ago, due a large increase in costs as materials prices soared.
Ordinary profit 215.69 284.29 (24.1%)
Net profit 206.81 266.52 (22.4%)


Development project in FY2008
Variable capacity CB18 and CB28 pumps for high pressure common rail systems.

Investment Activities

Capital investment projects for FY2008 (in million yuan)
  Project Total amount of investment Amount invested in 2008
1. High-pressure common rail fuel injection system project 49.95 43.27
2. Shifting production of fuel system parts to Korea 49.97 1.52
3. Second phase of plant construction project at Nanjing Weifu Jinning Co., Ltd. 173.32 26.34
4. Establishing production facilities in the Wuxi National High-Tech Industrial Development Zone 49.98 1.04
5. Establishing production facilities in the Wuxi Huishan Economic Development Zone 36.58 14.25
6. Expanding injector plant 35.00 9.05