Jiangnan Mould & Plastic Technology Co., Ltd. Business Report FY ended Dec. 2012
|(in million yuan)|
|FY ended Dec. 31, 2012||FY ended Dec. 31, 2011||Rate of change(%)||Factors|
|Sales||2,464.39||1,964.25||25.46%||-The sales revenue increased due to main sales growth.|
New plant-On September 12, 2012, Beijing Beiqi Mould & Plastic Technology Co., Ltd., which is a joint venture between Beijing Beiqi Mould & Plastic Technology Co., Ltd. and the Company, held a ceremony to celebrate the operation launch of its new plant in the Daxing District. The facility is equipped with cutting edge manufacturing devices such as environmentally friendly, aqueous spray coating system. (From a press release, November 7, 2012)
- Beijing Beiqi Mould & Plastic Technology Co., Ltd., which is a joint-venture company between Beijing Hainachuan Automotive Parts Co., Ltd. and the Company, has been awarded a program to supply 20 products, including bumpers, battery trays, and door sills for the Beijing Hyundai HS. The company has already been supplying components for the RC and the MCC. The new program, which reflects Beijing Hyundai’s regarding the joint venture as a first-class supplier, is expected to lead to increased business. (From a press release, April 5, 2012)
- Beijing Beiqi Mould & Plastic Technology Co., Ltd., which is a joint-venture company between Beijing Hainachuan Automotive Parts Co., Ltd. and the Company, has been awarded a bumper sequencing business from Beijing Benz. The company will supply the 204 bumper modules to the automaker during the period from April 2012 through August 2012. The company is intending to form a full-scale partnership with the customer in the future. (From a press release, April 15, 2012)
- The Company maintained its leading position in bumpers R & D in China and was appreciated by BMW and Benz. BMW group designated the Company as a global supplier. (From the Company's annual report of 2012)
- 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)
Business overview of subsidiaries
- Shanghai Mingchen Mould & Plastic Technology Co., Ltd. developed new customers (Fuzhou Benz and Chery Automobile) and received the Excellent Supplier Award for 2012 from Shanghai GM.
- Yantai Mingyue Mould & Plastic Co., Ltd. completed transfer from Shanghai to Yantai for D06 and D16 models production, assembly and delivery.
- 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.
-Jiangyin Degitec Casting Co.,Ltd. has a production capacity of 30,000 tons of various types of castings.
- In 2012, Beijing Beiqi Mould & Plastic Technology Co.,Ltd realized Start of Production (SOP), passed Daimler Process Audit (DPA) and obtained customer approval. The company won "Excellent Supplier" of Beijing Hyundai and Beijing Automotive AG. The Beijing Benz's recognition of the company has also been increased dramatically. (From the Company's 2012 annual report)
-The expenditure on R&D in 2012 is 47.48 million yuan, 1.93% of the Company's sales, 39.64% rise over last year.
R&D Structure- The Company conducts research and development on automotive trim products at its Mould & Plastic R&D Center.
- In 2012, the Company applied 50 patents. Up to now, the Company and its subsidiaries have 231 patents in total, 2 of which are invention patents.
Capital Investment Projects (as of Dec. 31, 2012)
|(in million yuan)|
|Project||Amount invested in FY2012|
|Revamping production facilities at Wuhan Mingjie Mould & Plastic Co., Ltd. (second phase)||0.53|
|Constructing a coating production line at Yantai||1.73|
|Constructing a production facility at Yantai Mingyue Mould & Plastic Co., Ltd.||13.31|
|Revamping bumper coating system||0.09|
|Constructing plant (second phase) in Shenyang Minghua Mould & Plastic Technology Co., Ltd.||7.78|