Guizhou Guihang Automotive Components Co., Ltd. Highlights FY2006
Business Highlights
Performance
for FY2006(million
yuan)
| million yuan | 2006 | 2005 | Factors |
| Sales | 827.97 | 601.18 | - Sales increased year-on-year, thanks to strong sales in the Chinese auto industry. |
| Net profit | 28.61 | (96.32) | Gross
profit and net profit rose year-on-year due to the following
factors: - Improved labor productivity - Lower costs of materials and fuels. - Increased profitability, following the launch of new products it developed. |
Investment Activities
■The
Company made a total investment of 12.50 million yuan in the following
projects in 2006.
|
In million yuan |
|
Project |
Total plan |
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 |
Under construction |