Harbin Dongan Auto Engine Co., Ltd. Highlights for FY2006:
Business Highlights
Performance
for FY2006 (million
yuan)
| In million yuan | 2006 | 2005 | Factors |
| Sales | 2,176.37 | 2,254.67 | Sales and profit
decreased year-on-year due to the following factors: - Declining sales of engines, its major productline, for mini vehicles, as the commercial mini-vehicle market in China saw sluggish growth. - The Company's initiatives to develop new OEM customers did not work out as well as expected. |
| Net profit | 35.80 | 84.55 |
Share Capital Investment
- The Company acquired a 25 percent equity share in Harbin Dongan Huafu
Machinery Co., Ltd., a supplier of intake manifolds, in April 2006. The
share transaction was valued at 15 million yuan.
Investment Activities
Capital
Investment