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Sorl Auto Parts Inc   (SORL)
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What are Sorl Auto Parts Inc's Business Segments?



Through the Joint Venture, the Company manufactures and distributes automotive brake systems and other key safety related auto parts in China and internationally. Our products are principally used in different types of commercial vehicles, such as trucks and buses, and include an extensive range of products covering 65 categories and over 2000 specifications in automotive brake systems. Automotive brake systems and other key safety related auto parts are critical components to ensure driving safety.

We seek to introduce new products, such as the braking system products for passenger vehicles and railway transportation vehicles. When working with a customer, our goal is to understand the need of each customer and apply our extensive experience and innovative technology to deliver products that meet such need. We support our products with a full range of styling, design, testing and manufacturing capabilities, including just-in-time and in-sequence delivery.

ISO 9000 is a family of standards related to quality management systems and designed to help organizations ensure that they meet the needs of customers and other stakeholders. The standards are published by ISO, the International Organization for Standardization, and available through national standards bodies. ISO 9001 deals with the requirements that organizations wishing to meet the standard have to fulfill.

OHSAS 18001 is an Occupation Health and Safety Assessment Series for health and safety management systems. It is intended to help organizations to control occupational health and safety risks. It was developed in response to widespread demand for a recognized standard against which health and safety management systems are to be certified and assessed.

The Company obtained ISO9001/QS9000/VDA6.1 System Certifications in 2001. We passed the ISO/TS 16949 System Certification test (an ISO technical specification aiming to develop a quality management system that provides for continued improvement, emphasizing defect prevention and the reduction of variation and waste in the supply chain) conducted by the TUV CERT Certification Body of TUV Industries Service GmbH in 2004, and its annual review in 2013. The ISO/TS 16949 System, a higher standard replacing the ISO9001/QS9000/VDA6.1 System, was enacted by the International Automotive Task Force and is recognized by major automobile manufacturers all over the world. The annual reviews for other certifications which we passed included ISO14001 on environmental management and OHSAS18001 for health and safety management, reflecting the Company’s commitment to workplace safety, health and environmental protection.
   

Sorl Auto Parts Inc Tax Rate Companies within the Auto & Truck Parts Industry


Business Segments Q4
Revenues
(in millions $)
Q4
Income
(in millions $)
(Dec 31 2019)
%
(Profit Margin)
Total 152.37 7.42 4.87 %

Growth rates by Segment Q4
Y/Y Revenue
%
(Dec 31 2019)
Q/Q Revenue
%
Q4
Y/Y Income
%
(Dec 31 2019)
Q/Q Income
%
Total 23.64 % 35.77 % 97.39 % 59.44 %

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