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- Xiangyang Automobile Bearing Co., Ltd.
- Xiangyang Automobile Bearing Co., Ltd. Business Report FY ended Dec. 2021
Xiangyang Automobile Bearing Co., Ltd. Business Report FY ended Dec. 2021
Financial Overview
|
(CNY millions) |
|
FY ended Dec. 31, 2021 |
FY ended Dec. 31, 2020 |
Rate of change (%) |
| Sales |
1,317.69 |
1,191.53 |
10.59 |
| Operating income |
(49.07) |
(96.00) |
- |
| Ordinary income |
(47.40) |
(98.32) |
- |
| Net income |
(48.84) |
(93.53) |
- |
Orders
-Passed the supplier qualification examination of FCA (Fiat Chrysler Automobiles). (From a press release dated January 29, 2021)
R&D projects
| Project |
Progress |
| Research and development of wheel hub bearing units and assembly structural products for commercial vehicles |
Completed |
| Research and development of low-friction bearings that improve automobile fuel efficiency |
Completed |
| Research and development of high-speed and high-precision bearing products for electric drive systems of New Energy Vehicles |
Completed |
| New product technology research for automatic transmissions, power take-offs and differential bearings for passenger cars |
Completed |
| Research on NVH performance and product/test technology of constant velocity joints |
In progress |
R&D Expenditure
|
(CNY millions) |
|
FY ended Dec. 31, 2021 |
FY ended Dec. 31, 2020 |
FY ended Dec. 31, 2019 |
| R&D expense |
41.95 |
39.92 |
37.48 |
| Ratio of R&D expenses to sales (%) |
3.18 |
3.35 |
3.02 |
-As of Dec. 31, 2021, the Company has 347 R&D staff, 10.21% of total employees.
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