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英文翻译：Fuao Auto Parts Co., Ltd., a listed company, a wholly-owned subsidiary of China First Automobile Group Corporation, a gold medal enterprise in the auto parts industry in China, and a large-scale enterprise in the production, manufacturing and sales of auto parts in China, was established in September 1998. It is a large-scale enterprise in the production, manufacturing and sales of auto parts in China. In December 2007, the overall restructuring was carried out in accordance with the relevant state-owned enterprise restructuring policies and the unified deployment of FAW Group's system reform. After the reform, private capital has been introduced into the enterprises and a standardized corporate governance structure has been established. The reform of the system has injected vitality into the enterprises in the fierce market competition and laid a foundation for the healthy development of the enterprises. Since the reform, the company's main business income has continued to grow at an annual rate of 23%. After the equity structure adjustment, China First Automobile Group Corporation, Jilin Tianyi Investment Co., Ltd., Jilin Yadong Investment Management Co., Ltd., Ningbo Huaxiang Electronics Co., Ltd., Jinshi Investment Co., Ltd., Shanxi Taigang Investment Co., Ltd. and the company's management team respectively hold the shares of Fuao Co., Ltd. The company's total assets are 6.1 billion yuan and registered capital is 1.12 billion yuan. The company has 12 wholly-owned branches (subsidiaries) including transmission shaft branch and radiator branch, and 17 joint ventures including FAW Valeo Air Conditioning Co., Ltd. and FAW East mechanical shock absorber Co., Ltd. The company's main products: six series of automobile parts environmental system, braking and transmission system, chassis system, steering and safety system, electronic and electrical system, engine accessory system, etc. Main customers: FAW Volkswagen, FAW Jiefang, FAW sedan, FAW Toyota, FAW Xiali, FAW coach, FAW Jiqi, FAW GM, Shanghai Volkswagen, Shanghai GM, Dongfeng Shenlong, Shenyang Brilliance, Guangzhou Aeolus, Chery Automobile, SINOTRUK, North Benz, Jinan SINOTRUK, Anhui Hualing and other vehicle enterprises; products are exported to the United States, France, Italy and South Korea Japan and the Middle East. In the next five years, Fuao Co., Ltd. will carry out the planning strategy of "taking the road of technological development; seizing the development opportunity of FAW's 5 million complete vehicles, following the main engine plant for regional layout; continuing to explore the outside, spare parts and export markets of the group; continuing to improve the quality and cost, and promoting the rapid and healthy development of the enterprise", so as to realize the annual growth of the main business income of no less than 12% and the business income of the industry The second planning goal. Inheriting FAW, learning from Toyota, and running target management throughout the whole process; uniting, innovating, fighting and self strengthening, constantly improving the core competitiveness of the enterprise, and contributing to the development of China's auto parts industry.

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