Camel Group Co., Ltd. Business Report FY ended Dec. 2013

Business Highlights

Business Results

(in million yuan)
  FY ended Dec. 31, 2013 FY ended Dec. 31, 2012 Rate of change(%) Factors
Sales 4,619.61 3,972.78 16.28% -The Company's main sales volume has grown rapidly.
Operating income 564.99 431.33 30.99% -Profits increased as sales increased.

-The Company was able to control its costs to increase profit.
-Expand marketing.

Ordinary income 615.06 544.27 13.01%
Net income 532.33 480.09 10.88%


-In July 2013, the Company announced that the company, Oriental Technologies Investment Limited, and Indeveno Industrial Supply Pty. Ltd. reached an agreement, under which Camel will acquire Yangzhou Apollo Battery shares from the two Australia-based companies. Yangzhou Apollo Battery, which is capitalized at approximately USD 13.1 million, produces and sells maintenance-free, high-capacity, sealed lead-acid batteries. As of December 2012, its assets totaled CNY 298 million. The battery supplier generated CNY 457 million in operating profit and CNY 18.84 million in net profit during 2012. (From an announcement by the company, July 22, 2013)

Strategic Cooperation

-At the end of 2013, the Company signed contract of "new energy automobile industry technological innovation" with Dongfeng Motor to develop lithium batteries.


-In 2013, the Company's AGM start-stop batteries got certification of Volvo and Dongfeng Passenger Vehicle and began to supply AGM batteries to them.

-In 2013, the Company won the GP-8 Outstanding Improvement Prize from GM and Quality Prize from Ford.

Business Plan for Next Year

-In 2014, the Company plans to reach 5.5 billion sales.


R&D Structure

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

R&D Expenditure

-The total R&D expenditure in 2013 was CNY 162.61 million, 23.88 percent increase over last year, accouting for 3.52% of the Company's sales.


-In 2013, the Company was awarded 28 patents in total.

New Products

-In 2013, the Company launched 14 rich liquid start-stop batteries.

-In 2013, the Company developed high temperature anti-corrosion alloy, which increased 30% performance.

Investment Activities

Capital Investment Projects (as of Dec. 31, 2012)

(in million yuan)
Project Budgeted amount Investment in 2013 Status Capacity 
Constructing production lines for producing 6 million high-performance low-lead consumption maintenance-free batteries 601.84 6.82 92.97%

After the completion of the project, the Company’s accumulated annual equivalent output will reach 15.5 million kVAh for automotive starter batteries and 13 kVAh for sealed maintenance-free batteries.

Producing batteries for hybrid vehicles 376.72 112.61 34.37%

Produces winding, flat, valve-regulated, lead-acid batteries and thin-plate, pure-lead, VRLA batteries for hybrid vehicles

Constructing production lines for producing 4 million high-performance low-lead consumption maintenance-free batteries 346.20 25.26 61.48% -