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% |