Weifu High-Technology Group Co., Ltd. Business Report FY ended Dec. 2015

Financial Overview

(million yuan)
FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 Rate of Change (%) Factors
Sales 5,741.64 6,354.48 - -The Company's sales decreased due to intense competition.
Operating profit 1,602.81 1,717.50 - -The profits decreased as the Company's sales decreased.

Ordinary profit 1,663.52 1,712.52 -
Net profit 1,552.76 1,589.08 -

R&D Facility

-The Company has a Post-Doctor Working Station for fuel injection pump R&D and state Technical Center.

-The Company has provincial engineering center - engineering institute of technology center, exhaust aftertreatment R&D center and supercharger R&D center.

R&D Expenditure

FY ended Dec. 31, 2015
(million yuan)
FY ended Dec. 31, 2014
(million yuan)
FY ended Dec. 31, 2013
(million yuan)
R&D Expenditure 287.09 311.72 211.70
Ratio of R&D expenses to operating income 5.00% 4.91% 3.79%

Capital Investment Projects for FY 2015

(in million yuan)
Projects Budget Investment in 2015 Project Progress
R&D of WAPS(Common Rail Accumulator Distribution System), industrialization
and the capacity expansion on spare parts of diesel common-rail system
650.00 155.40 100%
Construction project in
industrial zone
650.00 281.78 96%
Industrialization of tail
treatment system
340.00 36.66 95%
New plant construction at Ningbo Weifu Tianli Supercharger Technology Co., Ltd. 116.00 9.53 100%

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Klongtoey, Bangkok, Thailand
+66-2-665-2840
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Gurgaon, Haryana, India
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