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Public company info - Da Ming International Holdings Ltd. , 01090.HK
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Da Ming International Holdings Ltd., 01090.HK - Company Profile
Chairman Zhou Keming
Share Issued (share) 1,245,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Steel
Corporate Profile Business Summary: The principal activity of the Group is engaged in processing, distribution and sale of stainless steel and carbon steel products. Performance for the year: During the year under review, the Group recorded a revenue of approximately RMB35,133 million, gross profit of approximately RMB1,434 million and the profit attributable to equity holders of the Company of approximately RMB348 million. The Group recorded a net profit of approximately RMB385.8 million for the year ended 31 December 2020 representing an increase of approximately 97.3% as compared with the net profit of approximately RMB195.6 million for the year ended 31 December 2019. Business Review In 2020, the Group’s businesses were affected by the pandemic of COVID-19 especially in the first quarter of the year. The businesses of the Group recovered rapidly in the second quarter as the Group's processing centres reopened for business and has achieved a satisfactory result for the year ended 31 December 2020. Processing centres The Group is a leading metals processing service provider providing comprehensive processing service to modern manufacturers in China with more than 20,000 active customers. the Group's processing services cover the whole manufacturing process including cutting, slitting, polishing, forming, welding, heat treating, machinery, painting and assembling. The Group has established ten processing centres strategically located in various regions in China, namely, Wuxi, Hangzhou, Tianjin, Wuhan, Taiyuan, Zibo, Jingjiang, Taian, Qianzhou and Jiaxing. The annual sales volume of the Group's stainless steel processing business increased from approximately 1,832,000 tonnes for the year ended 31 December 2019 to approximately 1,921,000 tonnes for the year ended 31 December 2020 representing an increase of approximately 4.9% while the processing volume increased from approximately 2,653,000 tonnes for the year ended 31 December 2019 to approximately 2,794,000 tonnes for the year ended 31 December 2020 representing an increase of approximately 5.3%. The annual sales volume of the Group's carbon steel processing business decreased from approximately 2,708,000 tonnes for the year ended 31 December 2019 to approximately 2,669,000 tonnes for the year ended 31 December 2020 representing a decrease of approximately 1.4% while the annual processing volume increased from approximately 3,016,000 tonnes for the year ended 31 December 2019 to approximately 3,132,000 tonnes for the year ended 31 December 2020 representing an increase of approximately 3.9%. Prospects: The Group’s stainless steel processing service business will continue to provide a stable source of income while there will also be great development potential for the Group's carbon steel processing service business in the coming year. With the enhancement in service capacity, the Group's manufacturing business will also expand its client base to large construction projects in 2021.

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