Auto parts supplier Tianhe Group announced the financial returns in 2012 recently. Tianhe’s cumulative sales reached 16.444 billion US dollars in 2012, up 1.2% year on year compared to 16.244 billion US dollars of 2011. The fourth-quarter sales last year were 4.032 billion US dollars, rose 1.2% on the basis of the same period of 2011.
Tianhe’s total business profit was 1.085 billion US dollars in 2012, down 13.9% year on year; while business profit was 1.26 billion US dollars in 2011. The fourth-quarter business profit was 0.155 billion US dollars, slashed 44.6% year on year compared to 0.28 billion US dollars in 2011.
Tianhe’s net profit reached 1.04 billion US dollars in 2012, down 12.9% on the basis of 1.195 billion US dollars in 2011. The fourth-quarter net profit last year was 0.423 billion US dollars, with a drop of 2.3% year on year.
Tianhe predicts that the auto production will continue growing this year in China and other areas in the world. The company estimates that the first-quarter sales this year will be about 4.1 billion US dollars, and the total sales in 2013 will be from 16.4 billion US dollars to 16.7 billion US dollars.