Guizhou Guihang Automotive Components Co., Ltd. Highlights FY2006
Performance for FY2006(million yuan)
|Sales||827.97||601.18||- Sales increased year-on-year, thanks to strong sales in the Chinese auto industry.|
profit and net profit rose year-on-year due to the following
- Improved labor productivity
- Lower costs of materials and fuels.
- Increased profitability, following the launch of new products it developed.
■The Company made a total investment of 12.50 million yuan in the following projects in 2006.
In million yuan
|Actual amount of investment (as of Dec. 31, 2006)||Annual production capacity||Note|
|Improve manufacturing equipment that produce weather strips for glass slotware (medium- and luxury-class passenger vehicles)||39.90||35.32||1.8 million meters||Under construction|
|Improve manufacturing equipment that produces aluminum radiators for passenger vehicles||88.04||65.46||600,000 sets||