Ningbo Joyson Electronic Corporation Business Report FY ended Dec. 2015
|(in millions yuan)|
|FY ended Dec. 31, 2015||FY ended Dec. 31, 2014||Increases (%)||Factors|
|Sales||8,082.53||7,077.09||14.21%||-The main operating income increased；
-Got more new contracts, especially the HMI products in China and North Amercia；
-Develop new technologies and products in HMI, and power control systems of new energy vehicles, etc.
-The Company announced that Preh, its German subsidiary, was awarded a contract to supply battery system sensors and other related products to Tesla Motors. (From an announcement by the company on April 17, 2015)
-The Company announced that it will invest in Ningbo Zhongcheng New Energy Industry Investment Management Co., Ltd., a new joint-venture company to be established in Yinzhou District, Ningbo for the new energy solution business for public transportation. Joyson Electronics will invest CNY 50 million, 10% of the joint venture's planned capital of CNY 500 million. Other shareholders of the joint venture will include Ningbo Zhongcheng Equity Investment Management Co., Ltd. that will provide 60% (CNY 300 million), Ningbo Chancheng Investment Management Co., Ltd. that will offer 20% (CNY 100 million), and Ningbo Youngor Health Science Industry Investment Fund Limited Partnership that will invest 10% (CNY 50 million). (From an announcement by the company on December 16, 2015)
-The Company announced that it will establish a joint venture with Ningbo Industrial Investment Group Co., Ltd. and Ningbo Meishan Island Development & Investment Co., Ltd. The new company will be called Ningbo Shengxin Electronic Science & Technology Co., Ltd. It will be capitalized at CNY 100 million, of which 55 percent will be invested by Ningbo Joyson, 25 percent will be invested by Ningbo Industrial Investment, and 20 percent will be invested by Ningbo Meishan Island Development & Investment. The joint venture will mainly produce semiconductor integrated circuits, splitter parts, electronic parts and units, automotive electronic control systems, and sensors. (From an announcement by the company on June 18, 2015)
-The Company, Ningbo Chancheng Investment Management Co., Ltd., and Ningbo Nanxin Industrial Investment Co., Ltd. will jointly establish Ningbo Chancheng Joyson New Energy Science & Technology Co., Ltd. in Yinzhou District, Ningbo to develop and produce new energy products. The joint venture will be capitalized at CNY 50 million, of which 40 percent will be invested by Joyson Electronics, 30 percent will be invested by Ningbo Chancheng, and 30 percent will be invested by Ningbo Nanxin. The new company will mainly produce ultra high-capacity batteries and battery management systems for commercial vehicles. (From an announcement by the company on April 8, 2015)
-The Company announced that it would invest CNY 500 million in establishing a wholly owned subsidiary in order to strengthen the Group’s business in the area of in-vehicle networking, smart driving systems, autonomous driving systems, and software development. The new company has been established in April 2015, called Joyson Intelligent Car Networking Co., Ltd.
-The Company will transfer a 95% stake in Huade Plastics Co., Ltd. it owns jointly with Changchun Joyson Electronic Auto Parts Co., Ltd., its subsidiary, to Ningbo Shengfeite Investment Management Co., Ltd. for CNY 440 million. Ningbo Joyson Electronic currently owns an 82.3% share that is worth CNY 381 million, while Changchun Joyson Electronic has a 12.7% share that is worth CNY 59 million. Huade Plastics has CNY 804 million in assets as of October 31, 2015. (From an announcement by the company on December 25, 2015)
-The Company announced that it will acquire all Zhejiang Boshen Electronic Co., Ltd. shares owned by its subsidiary, Changchun Joyson Electronic Auto Parts Co., Ltd., and change the company's name to Ningbo Joyson Science & Technology Co., Ltd. At the same time, Ningbo Joyson Electronic will transfer all the shares in both Shanghai Joyson Benyuan Auto Parts Co., Ltd. and Changchun Joyson to Ningbo Joyson Automotive Electronics Co., Ltd. The company aims to reorganize its functional parts business with these transactions. (From an announcement by the company on December 25, 2015)
-The Company announced that Ningbo Chancheng Joyson New Energy Science & Technology Co., Ltd., its subsidiary, signed an agreement to form a strategic partnership with Zhejiang CSR Electric Vehicle Co., Ltd. The two companies plan to collaborate on R&D and application development of energy management systems and supercapacitors for electric vehicles. (From an announcement by the Company on April 17, 2015)
-The Company announced that Quin GmbH, its German subsidiary, received a Supplier Award from Daimler at the automaker's 2014 supplier meeting. (From news releases issued by multiple sources on April 2, 2015)
FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|FY ended Dec. 31, 2013
|Ratio of R&D expenses to sales||6.57%||5.05%||4.16%|
-The Company has R&D centers in Ningbo, Shanghai and Changchun. It has ability of synchronizing development with domestic and foreign customers. The research areas include:
- Product modeling
- Product design and development
- Mold design and development
- Tooling equipment design and development
- Technology development
- Hardware and software development
- Electronic information development.
-The Company has R&D center in Germany as the core of Preh GmbH. The core competence covers product design, structural design, hardware and software development and testing, sensor technology, industrial engineering and tooling technology, etc.
|(in millions yuan)|
|Project||FY ended Dec. 31, 2015|
|Machinery and equipments||92.95|
|Decoration, renovation and other projects||55.10|
|Constrution project of new industrial city||56.47|