Kunming Yunnei Power Co., Ltd. Business Report FY2011
Kunming Yunnei Power Co.,Ltd. Business Report FY2011
R&D Expenditure
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 |
Investment Activities
| Items (in million yuan) |
Planned Budget | Amount invested in 2011 | Accumulated investment until 2010 | Notes |
| New plant to manufacture diesel engines for passenger vehicles | 1,796.40 | 245.34 | 1,009.71 |
-91.87% -to be completed in 2012 |