Changchun Faway Automobile Components Co., Ltd. Business Report FY ended Dec. 2013
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||Rate of Change (%)||Factors|
-A slight increase in sales compared with last year
-Market share is relatively stable
-Material price increased.
-Parts price reduced.
-Supply to OEMS decreased.
Business Plan for Next Year-In 2014, the Company plans to reach CNY 11.01 billion sales.
|Wheel R&D Center||Changchun Faway Automobile Components Co., Ltd. Wheel Company|
|Faway-Johnson Technical Center||Changchun Faway-Johnson Controls Automotive Systems Co., Ltd.|
-In 2013, the Company’s R&D expenditure was CNY 75.59 million, 0.80% of the Company’s revenue.
-Faway-Johnson Technical Center is the Company’s provincial-level technology center.
-The technical centers have strengthened their development in the field of automotive exteriors and have the ability to simultaneously design 3 sets of bumpers.
-Changchun Faway Johnson Controls Automotive Electronics Co., Ltd. has the ability to research and develop software and hardware.
Investment activity in 2013
|（in million yuan）|
|Project||Planned amount of investment||Amount invested in 2013||Status|
|Plant construction in Chengdu||75.60||53.34||The main body has been complet.|
|Project in Foshan||184.94||105.26||Equipment debugging phase|
|Production equipment for Audi A3||31.63||16.66||The device is still in installation.|
|Project of D003 product mould of Huayisheng||12.44||0.39||Debugging phase|
|Project of B50G product mould of Shenzhen Huayisheng||5.04||5.04||Debugging phase|
|Production capacity upgrading project||49.98||21.03||The main body is not completed, and it is expected to be completed in June2014.|