YEAR-END CHECK OF CICEIA --- FAWDE’S MAIN BUSINESS INDICATORS ARE INDUSTRY-LEADING

- Jan 15, 2016 -

Recently, China Internal Combustion Engine Industry Association (CICEIA) has held the annual statistics meeting of 2015. According to the statistical data released at the meeting, FAWDE’s main business indicators of 2015 ranked top in the industry.

In 2015, influenced by the macroeconomic environment, overall sales of internal combustion engine products nationwide remained at a low level, especially the diesel engines with a decline of 17.58% over previous year. Under the severe external situation, FAWDE has endeavored to overcome difficulties with one heart and one mind, and successfully completed the tasks of the whole year. Auvic engines have won the sales champion for heavy-duty engines of more than 350 horsepower. Velocity of liquid assets, turnover of fixed assets and turnover of total assets reflecting operating capability as well as total asset ' s contribution rate and profit margin on net assets reflecting earnings-generating capacity have ranked the first in the industry.


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