Changchun Faway Automobile Components Co., Ltd. Business Report FY ended Dec. 2015
|(in million yuan)|
|FY ended Dec. 31, 2015||FY ended Dec. 31, 2014||Rate of Change||Factors|
In 2015, sales decreased as the following reasons:
|Operating profit||483.98||638.53||-||-Raw material price increase led to reduced profitability.
-In 2015, the Company's wheels reached 3.43 million sets, 13% decrease than previous year; bumper sales reached 2.26 million, 6.9% increase than previous year; light sales reached 438,000 sets, 130.8% increase than previous year. (From the Company's 2015 annual report)
Business Plan for Next Year
-In 2016, the Company plans to reach CNY 11.47 billion sales.
|FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|FY ended Dec. 31, 2013
|Ratio of R&D expenses to operating income||0.98%||0.93%||0.8%|
-As of 2015, the Company has a R&D team with about 600 staff. (From the Company's 2015 annual report)
|Wheel R&D Center||Changchun Faway Automobile Components Co., Ltd. Wheel Company|
|Faway-Johnson Technical Center||Changchun Faway-Johnson Controls Automotive Systems Co., Ltd.|
-The Company has two provincal-level technical centers, involving the automotive wheels and the interior components.
-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 activities in 2015
|（in million yuan）|
|Project||Amount invested in 2015||Status|
|Project of Audi C7PA||11.53||99%|
|Light project of Chengdu Faway Hella Automotive Lamps Co., Ltd.||36.68||23.58%|