Changchun FAW-Sihuan Automobile Co., Ltd. Highlights for FY2006

Business Highlights

Performance for FY2006 (million yuan)
  FY2006 FY2005 Factors
Sales 2,487.96 2,187.43

- Sales increased year-on-year, supported by the Company's efforts to develop new markets at home and abroad. 

Net profit 1.80 (120.95) - Gross profit and net profit jumped from what they were last year as a result of the Company's cost cutting initiatives.  

- In fiscal year 2006, the Company sold 3,001,600 sets of wheels, up 86 percent from the previous year's sales volume. 
- In fiscal year 2006, the Company exported 854,600 sets of wheels, marking a record-high volume of exports in its history. 

New OEM supply agreement 
- In December 2006, Chang-chun FAW Sihuan Automobile Co., Ltd. Wheel Company was awarded a contract from Italy-based Iveco, under which it will develop and provide all the wheels required by Iveco's Chinese operations. Chang-chun FAW Sihuan Automobile Co., Ltd. Wheel Company will begin producing wheels for Iveco in 2007. 

Investment Activities

Major investment projects in FY2006
Project Progress
Constructing a new production line at Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. to manufacture seats for the Magotan, FAW-VW's new vehicle model.

Production started in March 2007. 

- Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd building a new plant in Changchun Economic and Technological Development Zone. 

The plant is under construction

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Nagata-cho, Chiyoda-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Southfield, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779