Camel Group Co., Ltd. FY2011

Business Highlights

Business Results

(in million yuan)
  FY2011 FY2010 Rate of change(%) Factors
Sales 3,068.16 2,629.66 16.68% -The Company's main sales volume has grown rapidly.
Operating income 331.69 294.18 12.75% -Profits increased as sales increased.
Ordinary income 366.84 303.61 20.83%
Net income 319.48 260.30 22.74%


Joint Venture
-On December 29, 2011, shareholders of the Company agreed to use over raised funds to set up a wholly owned subsidiary and the remaining over-raised funds 208.42 million yuan to  implement a project to produce an accumulated equivalent of 4 millionKVAh worth of new, low-lead, maintenance-free batteries annually. The wholly owned subsidiary will be named as Camel Group Gucheng Battery Co., Ltd. (From the Company's 2011 annual report)

R&D

R&D Structure

Name Main business Location Established year Shareholding ratio
Hubei Camel Battery Institute Co., Ltd. Develop batteries HubeiXiangfan 2004 100%
Hubei Golden Camel Special Battery Equipment Technology Co., Ltd. Develop batteries HubeiXiangfan 2011 51%
HuBei Camel Electrical Co., Ltd Develop electrical products Hubei Wuhan  2010 55%

Patents
-The Company was awarded eight utility model patents and two patents for design.

R&D Expenses

(in million yuan)
FY2010 FY2009 FY2008
R&D expenses 80.40 60.20 43.41
Sales 2,629.67 1,852.49 1,349.52
Ratio of R&D expenses to sales 3.06% 3.25% 3.22%

Investment Activities

Capital Investment Projects (as of Dec. 31, 2011)

(in million yuan)
Project Budgeted amount Investment in 2011 Status Capacity 
Constructing production lines for producing 6 million high-performance low-lead  consumption maintenance-free batteries 601.84 59.13% 59.13% After the completion, the company's capacity of automotive starter batteries will reach 15.5 million kVAh, with sealed maintenance free battery production capacity reaching 13 million kVAh.
Constructing a new facility  in Gucheng Plastics  163.00 49.69% 49.69% Producing battery cases and covers, with annual capacity over 10 million sets.
Producing batteries for hybrid vehicles 376.72 0.33% 0.33% Producing winding flat valve-regulated lead-acid batteries and  thin plate pure lead VRLA batteries for hybrid vehicles.

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Nagata-cho, Chiyoda-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Southfield, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779