[Gen-AI Analysis] Kunming Yunnei Power Co., Ltd.FY2011 - MarkLines Automotive Information & Gen-AI Platform

Kunming Yunnei Power Co., Ltd. Business Report FY2011

Kunming Yunnei Power Co.,Ltd. Business Report FY2011

Business Highlights

Financial Overview

(In million yuan)

	FY2011	FY2010	Increases (%)	Factors
Sales	2,199.92	2,328.31	(5.51%)	-Slowdown of the domestic auto market and cost rose in raw material. 1)
Operating profit	(18.83)	(31.78)	-
Ordinary profit	17.38	151.92	(88.56%)
Net profit	1.22	142.29	(99.14%)

- The net profit of Kunming Leimo Power System Co., Ltd. increased by 73.69% for FY2011; the net profit of Chengdu Yunnei Power Co., Ltd. is - 80.61 million yuan; Dazhou Co.,Ltd. sold 633 trucks, reduced by 47.21%, with a net profit of -31.96million yuan.

Restructuring

- It has been decided that 100 percent of the shares in Yunnan Diesel Engine Plant, which is a parent company of the Company will be transferred to Changan Automobile free of cost, turning Yunnan Diesel Engine Plant into a wholly owned subsidiary of the automaker. The transfer will bring Kunming Yunnei Power under the umbrella of Changan Automobile. This project, which has already been approved by the State-owned Assets Supervision and Administration Commission of Kunming City, is subject to approval of both the State-owned Assets Supervision and Administration Commission of the State Council; and China Securities Regulator Commission, as well. (From an announcement by the company, January 7, 2011)

R&D

R&D Expenditure

Product Development

(in million yuan)

Project	Amount invested in 2011	Amount invested in 2010
D19TCI electronic controlled Common Rail System	0.97	-
D25TCI electronic controlled Common Rail System	2.22	4.95
Development of Diesel Engines conforming to China 3 Emissions Limits	1.59	3.36
Development of Diesel Engines conforming to Euro 4 Emissions Limits	0.88	-
Development of Diesel Engines conforming to Euro 5 Emissions Limits	13.89	11.51
Development of Mini Diesel Engines	3.02	2.34
Development of Hybrid Power Diesel Engines	1.09	0.21
Development of Diesel Engines conforming to China 4 Emissions Limits	3.23	1.17
Development of Euro 4 Platform	0.2	2.39
Development of YNC45TCID Disesel Engines	2.58	-
Total	29.67	26.74

The expenditure on product development accounts for 45.93% of the Company's total Research and Development expenditure.

Source: annual report

R&D Structure

Facility	Overview
Internal Combustion Engine Institute	- Designing and developing diesel engines, and developing manufacturing facilities to produce them - This facility and Beijing Institute of Technology are jointly operating the Internal Combustion Engine Engineering Center - This facility and Kunming Science & Technology University are jointly operating the Diesel Engine Test & Research Center