Fengfan Co., Ltd. Business Report FY2011

Business Highlights

Financial overview

(million yuan)
FY2011 FY2010 Rate of change(%) Factors
Sales 4,074.76 3,255.00 25.18%

-Efficient marketing

-Benefit from technology improvement

Operating profit 73.25 69.40 5.55%

-Increasing revenue 
-Cost control

Ordinary profit 83.79 70.59 18.70%
Net profit 67.86 48.92 38.72%



R&D activities

-The Company conducts its development activities at Fengfan Technical Center.

Product development

-The Company has 148 authorized patents, covering all battery areas.
-In 2011, the Company applied for 28 patents, in which there are 6 patents for invention.
-In 2010, the Company developed 68Ah, 105Ah AGM batteries for use in Shanghai VW, completed their tests for major parameters. The initial performance meets Shanghai VW'S standard.(From the Company's 2011 annual report) 

Investment Activities

Capital investment projects using raised funds (as of Dec.2011)

(in million yuan)

Capital investment projects
Planned investment amount Funds Status report as of Dec. 2010
Construction project for lithium-ion battery production facilities 200.00 Funds raised Completed
Constructing its new plant that will produce 5 million units maintenance-free, lead-acid batteries 675.7 Own funds This facility is now under construction.
Construction project for production facilities to manufacture both thin-film amorphous silicon solar cells and photovoltaic (PV) power generation systems 105.0 Own funds Completed
AGM (absorbed glass mat) project 33.98 Own funds Completed

Investment in China
-The Company decided at a board meeting held on August 16, 2011 that it will raise capital through issuing unquoted shares. The fund, which will be less than 1.06 billion yuan, will be used for constructing production lines to produce 5 million maintenance-free, sealed lead acid batteries and 4 million AGM (absorbed glass mat) batteries a year. (From an announcement by the company, August 18, 2011)