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 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%

-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.