Wanxiang Present Award Money to The Profitable OEM Projects

To encourage technical staffs to develop new projects; sales men to expand trade, Wanxiang Qianchao present RMB600 thousand to 8 international OEM projects which made great profit last year. From the beginning of 2004, output and sales of Wanxiang Qianchao increased month by month. By the end of June last year, the export sales of universal joint had hit RMB30 million, the monthly output value up 37.5% from the same period of 2003. Owing to the highly increased sales of international OEM operation, the foreigh market oriented output and sales also increased under the mutual effort between manufacturing dept. and customer service dept.. At the end of 2004, export sales of universal joint up 42.32% from 2003; foreign market oriented OEM operation up 77.88% from 2003. The best project of the 8 won a prize money RMB160 thousand, and even the worst had made a profit of RMB2 million in 2004. All the profit made in 2004 by the 8 projects hit RMB150 million.