Anhui Zhongding Sealing Parts Co., Ltd. Business Report FY ended Dec. 2016
|(in million CNY)|
|FY ended Dec. 31, 2016||FY ended Dec. 31, 2015||Rate of change||Factors|
|Sales||8,384.37||6,543.08||28.14%||-Stable development of automotive industry.
-Increase of customers and orders.
-The Company made an official announcement about its plan to acquire all the Tristone Flowtech Holding S.A.S. shares owned by Bavaria France Holding S.A.S. Tristone Flowtech supplies flow technology solutions for engine cooling systems and new energy vehicle battery cooling systems, as well as air charging and intake tubes. Its major customers include Volvo, BMW, VW, Ford, and Fiat. (From an announcement by the company on January 24, 2017)
-The Company announced that Zhongding Europe GmbH, its wholly owned subsidiary, has signed an agreement to acquire AMK Holding GmbH & Co. KG for EUR 130 million. The company and AMK shareholders already agreed on this deal. AMK, based in Kirchheim unter Teck in southeast Germany, manufactures motor battery control systems and electronic control units for driver assistance systems and chassis systems. The company generated EUR 47.42 million in sales and EUR 3.88 million in net profit in the first quarter of 2016. (From an announcement by the company on June 12, 2016)
-The Company announced that Zhongding Europe, its wholly owned subsidiary, will acquire 42.87% of Swiss-based Green Motion SA shares by investing CHF 12 million. Green Motion SA was established in 2009, and is located in Lausanne. It mainly supplies hardware and software for EV charging infrastructure and establishes and maintains charging infrastructure. (From an announcement by the company on March 25, 2016)
-The Company was awarded as Bosch’s “Excellent Supplier” in Asia on June 13. It is the first time for supplier to get the prize. (From a press release on June 13, 2016)
-The Company has a state-certified enterprise technology center.
-The Company has R&D branches in Shanghai, Guangdong, Jiangsu, Hefei, Xuancheng and establishes R&D centers in America and Europe.
|Shanghai Jiaotong University||Set up "Rubber Research Joint Institute" to R&D and test new rubber material & new technology.|
|Tsinghua University Automotive Engineering Department||Signed technical development contract to develop rubber shock absorber components.|
|Anhui University||Established "Anhui University Zhongding Rubber Technology Development Co., Ltd." jointly to develop and improve rubber products; set up "Anhui
Rubber Material Products Provincial Lab" to conduct rubber materials cutting-edge products research and experiment.
|Anhui University & Guangzhou Mechanical Engineering Research Institute||Jointly set up "Special Rubber Material Products Industry Technology Innovation Alliance" to conduct rubber materials products industry generic technology research.|
-By the end of 2016, the Company has 573 patents, including 57 domestic invention patents, 183 foreign patents.
|FY ended Dec. 31, 2016
|FY ended Dec. 31, 2015
|FY ended Dec. 31, 2014
|Ratio of R&D expenses to operating income||3.57%||3.81%||3.01%|
|(in million CNY)|
|Project||Budget||Investment in 2016||Project status|
|Plant in Heli Development Zone||43.20||10.63||80%|
|Plant of Tianjin Zhongding||39.80||19.33||90%|