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Changchun Faway Automobile Components Co., Ltd. Business Report FY ended Dec. 2015
Financial Overview |
(in million yuan) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | Rate of Change | Factors | |
| Sales | 9,863.62 | 11,273.38 | - |
In 2015, sales decreased as the following reasons: |
| Operating profit | 483.98 | 638.53 | - | -Raw material price increase led to reduced profitability. |
| Ordinary profit | 484.03 | 634.46 | - | |
| Net profit | 456.39 | 606.20 | - |
-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.
R&D Expenditure
| FY ended Dec. 31, 2015 (million CNY) |
FY ended Dec. 31, 2014 (million CNY) |
FY ended Dec. 31, 2013 (million CNY) |
|
| R&D Expenditure | 96.55 | 105.13 | 75.59 |
| Ratio of R&D expenses to operating income | 0.98% | 0.93% | 0.8% |
R&D Structure
-As of 2015, the Company has a R&D team with about 600 staff. (From the Company's 2015 annual report)
R&D facilities
| Name | Company |
| 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% |
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