Jiangnan Mould & Plastic Technology FY2011
|(in million yuan)|
|FY2011||FY2010||Rate of change(%)||Factors|
|Sales||1,964.25||1,970.85||(0.33%)||-The sales of auto parts business increased 21.77%, while the sales of estate business decreased 71.41%.|
Business overview of subsidiaries
- In 2011, Shanghai Mingchen Mould & Plastic Technology Co., Ltd. 's annual capacity achived 750 thousand sets. Shanghai Mingchen developed new customers(Fuzhou Benz and Chery Automobile) and received the Excellent Supplier Award for 2011 from Shanghai GM.
- Yantai Mingyue Mould & Plastic Co., Ltd. finsihed construction and started operation.
- Shenyang Minghua Mould & Plastic Technology Co., Ltd. became the sole supplier in China to supply plastic interiors to Benz and also awarded by BMW as the Excellent Global Development Supplier.
- Beijing Beiqi Mould & Plastic Technology Co., Ltd.'s No.2 plant, which produces for Benz only, starts construction.(From the Company's 2011 annual report)
- In 2011, the Company has won new orders from Shanghai VW, Shanghai GM, Dongfeng-Peugeot-Citroen, Brilliance Jinbei、 Brilliance BMW, Fuzhou Benz, Beijing Benz, Guizhou Young Man Lotus, Chery Automobile, Beijing Hyundai and Dongfeng Motor. (From the Company's annual report of 2011)
- The Company received the Excellent Supplier Award for 2011 from both Shanghai GM and Dongfeng Peugeot Citroen.(From the Company's annual report of 2011)
- The Company conducts research and development on automotive trim products at its Mould & Plastic R&D Center.
- In 2011, the Company applyed 103 patents, 25 of which are invention patents.
Capital Investment Projects (as of Dec. 31, 2011）
|(in million yuan)|
|Project||Amount invested in FY2011|
|Revamping production facilities at Wuhan Mingjie Mould & Plastic Co., Ltd. (second phase)||9.30|
|Constructing a coating production line at Yantai||20.38|
|Constructing a production facility at Yantai Mingyue Mould & Plastic Co., Ltd.||12.13|