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 |
| Ordinary profit | 83.79 | 70.59 | 18.70% | |
| Net profit | 67.86 | 48.92 | 38.72% |
R&D
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 |