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


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