In February 2013, Japanese parts supplier Denso Group announced that its net sales for the first three quarters of this fiscal year (April 2012 to March 2013) reached US$29.7 billion, a year-on-year increase of 16%. Denso’s operating profit for the first three quarters of the year reached US$2.2 billion, a significant increase of 128.9% from the same period in the previous fiscal year; net profit for the first three quarters totaled US$1.5 billion, a surge of 259.7% year-on-year. In each regional market, Denso's sales in Japan in the first three fiscal quarters rose 16.9% year-on-year to US$21 billion, operating profit surged 247.3% year-on-year to US$1.4 billion; sales in North America reached US$5.2 billion, year-on-year Growth of 28.5%, operating profit reached US$107 million, a sharp increase of 581% year-on-year. In Europe, sales in the first three quarters of Denso dropped due to the downturn in the auto market, which fell by 9.4% year-on-year to US$3 billion, and operating profit plummeted by 83.3% year-on-year to US$9.5 million; the company’s fiscal first quarter was in Asia and Oceania. Sales increased by 21.7% year-on-year to US$6.2 billion, and operating profit increased by 41.5% year-on-year to US$613 million. In addition, taking into account the depreciation trend of the yen, Denso adjusted its sales forecast for the full fiscal year of this fiscal year: Denso expects its net sales for the current fiscal year to reach $39.4 billion, and net profit will reach The $1.6 billion, after adjustment, the company's net sales forecast for the fiscal year was raised to 39.8 billion US dollars, net profit was raised to 1.8 billion US dollars.
Stainless steel is a corrosion resistant steel alloy with a minimum of 10% chromium. There are different grades and surface finishes of stainless steel produced to accommodate the environment in which the material will be implemented. Unlike carbon steel, stainless steel does not rust when exposed to air and moisture due to the sufficient amount of chromium present. The chromium creates an invisible passive film of chromium oxide that will not let oxygen attack the surface and prevents rusting of the iron base.
Yuhong Group is a stainless steel manufactory of more than 20 grades of Stainless Steel.
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