Share This

Public company info - China Tianrui Automotive Interiors Co. Ltd , 06162.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China Tianrui Automotive Interiors Co. Ltd, 06162.HK - Company Profile
Chairman Hou Jianli
Share Issued (share) 2,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Automobiles & Components
Corporate Profile Business Summary: The Group are principally engaged in the manufacture and sale of automotive interior and exterior decorative components and parts. Performance for the year: The Group’s revenue increased from approximately RMB263.8 million for the year ended 31 December 2018 to approximately RMB297.9 million for the year ended 31 December 2019, representing an increase of approximately 12.9%. The Group’s overall gross profit increased from approximately RMB89.9 million for the year ended 31 December 2018 to approximately RMB101.2 million for the year ended 31 December 2019, representing an increase of approximately 12.5%. The Group’s overall gross profit margin decreased slightly from approximately 34.1% in 2018 to approximately 34.0% in 2019. The Group’s profit for the year increased from approximately RMB28.0 million for the year ended 31 December 2018 to approximately RMB44.8 million for the year ended 31 December 2019, representing an increase of approximately 60.0%. Business Review The Group is the largest heavy trucks’ interior decorative components and parts manufacturer in North West China with a market-leading position. The group’s products primarily comprise a wide array of automotive interior decorative components and parts and to a lesser extent exterior decorative components and parts, which are designed to be installed on heavy trucks or passenger vehicles. The group offers design and development solutions tailored to meet the group’s customers’ specific requirements of automotive interior decorative products including functional specifications and appearance. Revenue from sales of heavy trucks’ decorative components and parts Revenue generated from sales of heavy trucks’ decorative components and parts increased from approximately RMB238.9 million for the year ended 31 December 2018 to approximately RMB254.7 million for the year ended 31 December 2019, representing an increase of approximately 6.6%, mainly due to the increasing customers demand of the Group’s heavy trucks’ decorative components and parts, which was principally attributable to the increase in construction and industrial activities. Since heavy trucks were widely applied in infrastructure construction and logistics industries while the construction and logistics industries were stimulated by the policies such as “One Belt, One Road” and “Yangtze River Economic Zone”, there has been a constant increase in the demand for heavy trucks. Revenue from sales of passenger vehicles’ decorative components and parts Revenue generated from sales of passenger vehicles’ decorative components and parts increased from approximately RMB24.9 million for the year ended 31 December 2018 to approximately RMB43.2 million for the year ended 31 December 2019, representing an increase of approximately 73.2%. Such increase was mainly due to the group expanded customer base and new relationships with first-tier and/or multi-tier suppliers that supply automotive decorative products to passenger vehicle manufacturers. Prospects: Looking forward to the future, due to the development campaign of western regions （西部大開 發） adopted in this area which would spur the development of infrastructure, such as transportation, energy, telecommunications, etc.; and considering that Shaanxi Government will raise a special industrial fund of RMB4.0 billion to expedite the automotive industry, the Group will capitalize on this opportunity and continue to strengthen new product development with existing customers, actively expand new passenger vehicle customers, continuously diversify product mix and enhance core competitiveness. The Group has passed the evaluation of a passenger vehicles manufacturer and have been qualified as one of the approved suppliers for certain passenger vehicle decorative products. To this end, the group will continue to devote additional resources into the group's research and development activities, optimize the management system and increase operating efficiency to complete transformation and change, and make new achievements. At the same time, the group was selected into the list of the Novel Coronavirus Pneumonia prevention and control companies announced by the Ministry of Industry and Information Technology and will enjoy relevant preferential policies such as financial discounts. The group will capture the emerging opportunities to carry out the production of medical goggles projects and will use the opportunities to actively identify partners for joint development and achieve sustainable and long-term business growth.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.