Weifu High-Technology Group Co., Ltd. Business Report FY ended Dec. 2015
|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.
-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.
|FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|FY ended Dec. 31, 2013
|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
|Construction project in
|Industrialization of tail
|New plant construction at Ningbo Weifu Tianli Supercharger Technology Co., Ltd.||116.00||9.53||100%|