Ningbo Huaxiang Electronic Co., Ltd. (hereinafter referred to as" Ningbo Huaxiang ") , established in 2001, June 3, 2005, the Company issued 3,000 shares to the public stock, and in the success of small plates listed on the Shenzhen Stock Exchange, stock code 002048, the total share capital of company 49,374 million. Is a company engaged in the high-end car parts research and development, production and sales and service of professional auto parts manufacturer, mainly for Shanghai Volkswagen, Shanghai GM, FAW Volkswagen and FAW-Toyota and other major OEMs to provide non-metallic types of vehicles both inside and outside accessories and some metal parts, mainly supporting a Passat Passat models, Santana, Jetta, Bora, Jetta, POLO, Audi, LaCrosse, Buick, Crown, Reiz, Corolla and so on.
Ningbo Huaxiang since becoming a listed company after the regulatory authorities at all levels of the company under the guidance of listed companies according to the requirements of normal operation, the internal management processes from the start, one by one Reorganizing, standard operation. Give full play to the public company corporate finance, credit advantage and brand promotion opportunities, through the management team's efforts, the company has achieved rapid business development, results of operations rapidly. In 2007, the main business income 250,061.53 million and a total profit of 25,074.90 million, a net profit of 14,361.82 million, compared with 2006, the main business revenue increased 69%, net profit increased 43%. As of December 2007 only, Ningbo Huaxiang in mainland China already has 15 subsidiaries and employs more than 21,000 people.
company achieved rapid growth in operating results, but also long-term sustainable future for the company to lay a solid foundation for development, mainly for the following aspects: first, supporting the ability of the product, the company successfully achieved in 2006 from a single component supplier to the assembly and modular supplier, to provide door shield assembly, instrument panel assembly, the central channel of total Cheng, wood trim assembly, and so, a substantial increase in the magnitude of value for a single model of supporting and further enhancing the interdependence with customers; the second is synchronous in the product research and development, after the company invested in previous years of unremitting, the company's product design , R & D and technological capacity to enhance the initial formation of sync with the OEM R & D capabilities, the company is in Shanghai Volkswagen, Shanghai GM, a variety of new models of synchronous development of interior components to further enhance the market competitiveness of our products , as well as OEMs in the more stable, more in-depth cooperation; third is in the products, the company has already included all the non-metallic parts inside the car, the product line is extremely rich. Especially in April 2006, the company through holding muffler factory in Changchun, successfully entered the automotive metal parts production, assembly and increased vehicle exhaust system for large metal stamping parts supplier, reducing the risk of a single company's products, package in the vehicle to enhance the company's competitiveness; four customers in the market structure, the stability of the existing major customers such as Shanghai GM, Shanghai Volkswagen, FAW Volkswagen, Chery and FAW-Toyota, based on recent years and successful expansion of the Changan Ford and Dongfeng Nissan's market, the company's clients becoming more perfect structure, reducing the company's business risks; five is an extension of the company's similar to the industry to further enhance the profitability and development company in 2006 through the acquisition of Liao Ning Luping Machine Co., Ltd., successfully entered the military converted cars. The company developed and produced military side cabin special modified cars, high technology, with strong market competitiveness, such vehicles in the domestic like product market share of nearly 60%, has developed into the largest military conversion vehicle business, has become a national mobilization readiness centers; 2007 Ningbo Huaxiang shares Fawer Automotive Parts Co., Ltd., Fawer main products are divided into environmental control systems, steering and transmission systems such as the six, covering heavy, medium, light commercial vehicles and mini-high, medium and low passenger series models, Ningbo Huaxiang of the investment is expected to be sustained in the future bring to the company's investment income.
company since listing, taken a good performance, created for shareholders returns. However, the Board of Directors and management team also realized that the company is facing the future will become increasingly fierce market competition, operating pressure will continue to increase. The company will operate under the premise of the specification, strengthening the company's new product development and market development, while in the market, product, technical, financial and management complement each other, and actively and steadily promote mergers and acquisitions work and strive to become bigger and stronger market companies, to maintain the harmonious development of enterprises and related partners, the satisfaction of the majority shareholder returns.
