129770904191875000_204Recently, the JMC (000550.SZ) high profits and huge investment in research and development is concerned. Investor questions sent to jiangling Motors Ford's Chief Financial Officer, name of economic and technical experts, is to actually "control" jiangling Motors financial power. Data show that jiangling motors in the last ten years the post of financial controller is assigned by Ford. Worthy of noteWas, in 1995, 1998 and 2005, Ford has the car into the zijiang rang three times with a total investment of about 785 million and the dividends of about 967 million for 2002-2011. Visible, Ford had to recover the principal. At the same time, through technical licensing and Ford parts for sale, great benefits in congjiang Bell car. However, The industry that, jiangling motors for more than 10 years, relying on Ford technical support, sales and profitability significantly, technological innovation is still in place. Ford posted Chief Financial Officer "Palm" property? Jiangling motors in the last ten years the post of financial controller is assigned by Ford. According to 2001-2004, Ford Motor (China) limited financialProgram Manager Wang Wentao as jiangling Motors Finance Director 2005-2008, Ford Motor Company, financial manager of the power train times (English Joseph Alexander Verga) as jiangling Motors Finance Director; since 2009, Ford Motor Company, Ford/Volvo/Jaguar/Land Rover brand Japan business unit financeDirector Bao Leming (English name Michael Joseph Brielmaier) as jiangling Motors Finance Director. Three Chief Financial Officer from Ford, public disclosure of identity for the United States Ford Motor Company stationed at jiangling Motors of economic and technical experts. Within 4 years Wang Wentao; 4 years times; Bao Leming yet for the jiangling automobileChief Financial Officer. Investor questions sent to jiangling Motors Ford's Chief Financial Officer, name of economic and technical experts, is to actually "control" jiangling Motors financial power. In this regard, JMC securities representatives denied totally real, this is business, not really strict about what Ford tube, how do companies how to operate on operations. Ford profitsFull bowl full on September 29, 1995, jiangling Motors b-shares listed on the Shenzhen Stock Exchange, issued 174 million shares, which Ford has access to 138,642,800 shares at $ 40 million, to September 29, 1995, Bank of conversion price of 100 $ dollar to people 831.725 to calculate, at a cost of around $ 333 million, holding ratioCases of 20%. On November 12, 1998, an additional 170 million shares by jiangling Motors b-shares in Shenzhen Stock Exchange, which Ford access to 120,000,000 shares at US $ 54.5 million, to November 12, 1998 the BOC discount price 100 $ dollar to people 827.77 to calculate, at a cost of around $ 451 million, 1998 stakes at up to 258
tera power leveling,642,800 shares, shareholding amounted to 29.96%. On August 2, 2005, on August 3, August 5, Ford in Shenzhen b-shares of the company through centralized bidding transactions for a total (jiangling b) 321,400 shares, at a cost of about $ 1.028 million, accounted for 0.04% of the total share capital of the company, and holding ratioAt 30%. So Ford has three different lines subscribed to jiangling automobile stocks with a total investment of about 785 million. Rights distribution of the annual report showed that every JMC 2002 degree $ 10 cash bonus 1, 2003 $ 10 cash bonus 1.5, 2004 every 10 cash-RedLee $ 1.5, 2005 interim every 10 cash bonus of $ 3.59. 2005/10 cash bonus $ 1.5 2006-2008 per $ 10 cash bonus 3 2009/10 cash bonus $ 4.9, 2010 per $ 10 cash bonus 7.9, 2011Every $ 10 cash bonus 8.6. Annual report, dividend in 2002-2008, b-shares not deductible, compared with 2009-2011 dividend to cent tax deduction. Rough estimates, 2002-2011 Ford in congjiang Bell car bonus get $ 967 million in total receipts, has more than $ 785 millionInvestment in gold. Technology innovation is still in place? Jiangling Motors engaged in production and sales of automobiles, engines, spare parts, 2009-2011 net profit margin is above 10%, higher than Faw car and jianghuai automobile in the same industry. A generous bonus of enterprises, and has sustainable profitability, this is good news for investors. OnThis totally real, jiangling Motors of profitability is the leader in the industry. On March 22, Deputy Secretary General of the National Association of automobile manufacturers Cui Dongshu told the Chinese capital securities network, jiangling Motors positioned mainly in the high-end. Annual report shows that jiangling transit sales accounted for more than 30% of the company's total sales, and SUV and pick-up trucks account for more than a 30%. Quan Shi said JiangBell's profitability is the basis for the long-term focus on research and development to come. Jiangling Motors 2011 research and development cost of $ 611 million, an increase of 10.29% 2010 research and development cost of $ 554 million, an increase of 79.29% 2009 research and development cost of $ 309 million, an increase of 111.64%. From the State intellectual propertyCouncil Web site as you can see, jiangling Motors 2009 6 invention patents
tera gold, 2 design patents, utility model patents 0; 13 2010 invention patents
tera power leveling, 10 design patents, utility models patent 4 2011 40 patents for invention, design 14, 185 utility patents. Patent harvest so much and show investmentAmong the most intuitive product but only light truck, pickup, SUV and Quan Shun series, V348 Thuan Hoa N350 are the main products. Referred to in the annual report the N350 emission and transit investment in research and development, projects in progress, V348 progress amounts to $ 244 million transit investment, N350 investment progress for 605 million, PUMA engine (model JX4D24) progress of the investment amounted to $ 53.5 million. The three projects, total investment of 1.146 billion. However, it is worth noting is, V348 and N350 is jiangling transit series of main products imported from Ford Transit technology, engine was Ford's and N350 new pickups and SUV, Ford PUMA engine. Totally real, Introduced foreign products needed for the Chinese market, research and development is also needed. This brokerage analyst who asked not to be named, said V348 components accounted for the largest share of Thuan Hoa project PUMA engine technology, and actually take a design and not much money.
Others:
No comments:
Post a Comment