Jiangnan Mould & Plastic Technology Co., Ltd. Business Report FY ended Dec. 2013

Business Highlights

Business Results

(in million yuan)
  FY ended Dec. 31, 2013 FY ended Dec. 31, 2012 Rate of change(%) Factors
Sales 2,901.14 2,464.39 17.72% -The sales revenue increased due to main sales growth.
Operating income 257.88 180.78 42.65% -
Ordinary income 250.61 207.71 20.65%
Net income 218.49 183.63 18.98%

Share Transfer

-The Company announced that it transfered the entire 18 percent shareholding in debt-ridden Milacron Plastics Machinery (Jiangyin) Co., Ltd. to Milacron Plastics Technologies Group LLC., its joint-venture partner in the U.S. Jiangnan Mould & Plastic will receive CNY 12 million for the deal. Milacron Plastics Machinery (Jiangyin) was established in 2004 to produce plastic components and their production equipment, dies for non-metal products, and dies and jigs for vehicles and motorcycles. During 2012, it generated sales of CNY 119.85 million and made a loss of CNY 12.42 million. (From an announcement by the company, December 7, 2013)


-The Company was awarded "Best Supplier" from Shanghai GM.


R&D Expenditure

-The expenditure on R&D in 2013 is 72.42 million yuan, 2.5% of the Company's sales, 52.52% rise over last year.

R&D Structure

- The Company has Mould & Plastic R&D Center.

-The Company was identified as Provincial Automotive Trim Mold Design Engineering Technology Center by Science and Technology Department of Jiangsu Province.


- As of Dec. 2012, the Company and its subsidiaries have  231 patents in total.

Investment Activities

Capital Investment Projects (as of Dec. 31, 2013)

(in million yuan)
Project Amount invested in FY2013 Project Progress
Revamping production facilities at Wuhan Mingjie Mould & Plastic Co., Ltd. (second phase) 0.31 100%
Revamping bumper coating system 1.53 100%
Constructing plant (second phase) in Shenyang Minghua Mould & Plastic Technology Co., Ltd. 17.87 100%