Public company info - China Metal International Holdings Inc. , 00319.HK
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China Metal International Holdings Inc., 00319.HK - Company Profile
Chairman King Fong-Tien
Share Issued (share) 997,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Automobiles & Components
Corporate Profile Business Summary: The Group is principally engaged in design, development, manufacture and sale of customised metal castings for use in various industries. Performance for the year: The Group recorded revenue of US$303,125,000 for the year of 2016 and this constituted a decrease of 2.1% comparing to that of the year 2015. Gross profit for the year ended 31 December 2016 amounted to US$86,738,000 (2015: US$84,296,000), representing a gross profit margin of 28.6% (2015: 27.2%). Profit from operations for the year ended 31 December 2016 was US$52,940,000 (2015: US$48,644,000) or 17.5% (2015: 15.7%) of recorded revenue. Profit attributable to equity shareholders of the Company for the year ended 31 December 2016 amounted to US$42,445,000 (2015: US$39,952,000). Business Review: Our business, the cast iron foundries support infrastructure of several major industries: automotive, agriculture machinery, mining, heavy machinery and air compressor. All of these industries have their own ups and downs in a cyclic pattern. In structuring some reliable leading indicators to monitor each of the above industries within our own system is a very challenging task however, it is very crucial for us to have an even and predictable results in our operation. Prospects: I. Organization and operation Professional casting production is our ultimate goal, the organization structure and operation mode targeting this goal will replace the current system which has been in operation for decades. In 2017 we shall commit to a top-to bottom and thoroughly explanation of the rationality and necessity of this change, so as to convince everyone that “brave change” is “an opportunity of hope”. II. Opportunity Since the integration of the management of our three plants two years ago, the business units’ operation is moderately smooth. The most pressing task is to develop the pool of our middle-level cadres, so that senior executives have sufficient time to strengthen their “marketing” skill. Besides keeping solid base of our customers and projects, the Company shall utilize its relationship with international manufactures to see the possible sign to the future market and to develop the opportunities for growth.

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