Ningbo Tianlong Electronics Co., Ltd. Business Report FY ended Dec. 2017
Finacncial Overview |
(in million yuan) |
| FY ended Dec. 31,2017 | FY ended Dec. 31,2016 | Rate of increase/ decrease (%) | Factors | |
| Sales | 856.93 | 805.80 | 6.35 |
-Increase the business development of auto parts. |
| Operating profit | 88.60 | 95.02 | (6.76) | - |
| Ordinary profit | 94.78 | 98.30 | (3.58) | - |
| Net profit | 82.70 | 84.94 | (2.64) | - |
Listing
-On January 10, 2017, the company announced its listing on the Shanghai Stock Exchange. (From a press release issued by the company on January 10, 2017)
Cancellation of subsidiary
-In July 2017, the Company announced that it would cancel the Tianlong Arcata (Sanhe) Electronic Co.,Ltd and Beijing Tianlong Yihang Auto Parts Co., Ltd. The Company described that the relevant of above two subsidiaries have been transferred to Langfang Tianlong Yihang Auto Parts Co., Ltd., which will not affect the overall development of the Company. (From the Company Announcement on July 21, 2017)
Certificate
-In March 2017, the company announced that its subsidiary, Tianlong Arcata (Dongguan) Electionic Co.,Ltd. (Dongguan Tianlong) received a high-tech enterprise certification jointly issued by departments including the Guangdong Science and Technology Office on November 30, 2016. Since then, Dongguan Tianlong will enjoy a 15% income tax preferential policies guaranteed by the government, targeting at high-tech enterprises in the next three years. (From a press release issued by the company on March 24, 2017)
R&D Expenditure |
(in million yuan) |
| FY ended Dec. 31,2017 | FY ended Dec. 31,2016 | FY ended Dec. 31,2015 | |
| R&D Expenditure | 34.58 | 32.47 | 25.94 |
| Ratio of R&D expenses to operating income (%) | 4.04 | 4.03 | 3.69 |
R&D Facility
-The company and its 3 subsidiaries are national high-tech enterprises. As of December 31, 2017, the company has 420 R&D and technical personnels, accounting for 23.97% of the total number of all employees.
-R&D activities on going as below:
- Mold pumping technology
- Mold injection technology
- Threaded sleeve return technology
- New-generation injection molding technology that integrates window and motor systems
- Dichromatic injection molding technology
-The company also has a wind tunnel laboratory for performance tests of products including the centrifugal impeller assemblies of automotive air conditioning system, and cooling fans of engines.
Patent
-As of December 31, 2017, the company owns 22 invention patents and 73 utility model patents.
Investment in 2017 |
(in million yuan) |
| Project | Budget | Investment in 2017 | Progress rate (%) |
| Renovation project of 160 precision mole technology | 61.30 | 8.83 | 64.00 |
| Technological transformation of precision injection molds with an annual capacity for 26.34 million pieces | 177.22 | 17.70 | 32.00 |
| Production of precision injection molding parts and components with an annual capacity for 11.3 million units | 68.00 | 8.49 | 55.00 |
| Mechanical equipment | 1.28 | - | - |
| R&D center construction | 37.24 | 0.28 | 9.00 |
Competitors |
| Product | Competitors' name |
| Engine fans, Engine guard rings | Zhangjiagang Zhongtian Precise Mold&Plastics Co.,Ltd. |
| Zhejiang Century Huatong Group Co.,Ltd. | |
| Changsha Shenda Technology Co.,Ltd. | |
| Instrument housing | Universal DPL Wuhu Industrial Co.,Ltd. |
| Window gear boxes | Pollmann Mechatronics (Kunshan) Co.,Ltd. |
| Shanghai Global Precision Mould&Plastics Co.,Ltd. | |
| Window carbon brush rack injection molding ASSY | Zhenjiang FineWorld Automobile Components Co.,Ltd. |
| Suzhou Hyunbo Electronics Co.,Ltd. | |
| Steering wheel handles | Cixi Keda Automobile Electric Appliances Co.,Ltd. |
| Low voltage switch controller injection molding | Tontec Precision Tooling (Suzhou) Co.,Ltd. |