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. |