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Public company info - Shanghai Qingpu Fire-Fighting Equipment Co. Ltd. - H Shares , 08115.HK

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Shanghai Qingpu Fire-Fighting Equipment Co. Ltd. - H Shares, 08115.HK - Company Profile
Chairman Zhou Jin Hui
Share Issued (share) 56,000,000
Par Currency Renminbi
Par Value 0.1
Industry Industrial Goods
Corporate Profile Business Summary: The principal activities of the Group are the manufacture and sale of pressure vessels (including fire-fighting equipment products and pressure vessels products), provision of fire technology inspection services, sales of marine fire-fighting equipment and provision of related installation and inspection services, trading of other products; and sales of aquarium products. Performance for the year: For the year ended 31 December 2020, the Group recorded a revenue of approximately RMB72,517,000 (year ended 31 December 2019: RMB78,016,000) For the year ended 31 December 2020, the Group recorded loss for the year attributable to the owners of the Company of approximately RMB1,403,000 (year ended 31 December 2019: RMB10,499,000). Business Review: The Company’s fire extinguisher products cover three categories, carbon dioxide, waterbased, and dry powder. The wide product range offered by the Company can meet the diversified needs of the customers. In addition, the Company’s fire extinguishers for nonmarine use are granted the Certificate for Product Type Approval by the CCCF and its fire extinguishers for marine use are granted the Certificates of Type Approval by the China Classification Society, Shanghai Branch (“CCS”). The Company’s pressure cylinders have obtained the manufacture licence in the PRC and they meet the quality standards or requirements of the USA and the European Union. Since the outbreak of the Coronavirus Disease 2019 (“COVID-19”), the prevention and control of the COVID-19 has been going on throughout China. Facing the epidemic situation, the Group, while cooperating with the government to fight the epidemic situation, actively took measures to avoid the economic loss of the Group. In the first half of 2020, due to COVID-19, the Group had promoted employees’ home office and network office and maintained close contact with suppliers and customers and had minimal business activities because of the epidemic. However, with the help of Special Cylinder leasing out the entire factory which reduces overhead costs and provides stable income, the impact was reduced. In the second half of 2020, a subsidiary of the Company, 上海荻野生物科技有限公司 (literally translated “Shanghai Ogino Biotechnology Co., Limited”, “Shanghai Ogino”), entered into certain agreements (the “Transaction”) to purchase 6 properties with a total building area of approximately 3,233 sq. m., located at 天億健康產業園 (literally translated as “Tian Yi Health Industrial Park”) (the “Properties”), in Ci Xi, Zhejiang Province of the PRC, for an aggregate consideration of approximately RMB12,817,000 (the “Purchase Consideration”). The Purchase Consideration was fully paid by Shanghai Ogino’s internal resources and by bank borrowings in the PRC. Prospects: The recent launch of various COVID-19 vaccines may provide protection and should have a positive effect to the economy. Together with change in business strategies since 2019 and all the follow up work done in 2020 by the Company, the Group believe the Group can sharpen the Group’s competitive edge and further improve the Group’s result. With a new production plant in the Properties expected to be completed in 2021, sale of aquarium products could be boosted further because of better production capacity and better corporate image to attract new customers. The Company will also prudently consider acquiring relevant enterprises which possess sound profitability by way of capital increment in accordance with the relevant laws and regulations in order to accelerate the growth of the Group’s profitability so that the Company will become a major enterprise in the manufacturing, sale of fire-fighting equipment and fire fighting service provider in the PRC.

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