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Public company info - Tianjin TEDA Biomedical Engineering Co. Ltd. - H Shares , 08189.HK

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Tianjin TEDA Biomedical Engineering Co. Ltd. - H Shares, 08189.HK - Company Profile
Chairman Sun Li
Share Issued (share) 998,000,000
Par Currency Renminbi
Par Value 0.1
Industry Fertilisers & Agricultural Chemicals
Corporate Profile Business Summary: The Group principally engages in manufacturing and sale of biological compound fertiliser products and health care products – discontinued operation. Performance for the year: During the year ended 31 December 2016, the Group achieved a turnover of RMB389,278,236 for the year, representing a year-on-year decrease of 22.39% as compared to that of last year. The consolidated gross profit margin of the Group was 20.24%, representing a slight increase as compared with that of last year, but resulted a decrease in consolidated gross profit of 18.52% to RMB78,805,675 as compared with that of last year. During the period under review, profit attributable to owners of the Company was RMB5,970,713 with earnings per share of RMB0.37 cents, representing a year-on-year decrease of 76.64% as compared with that of last year. Business Review: During the period under review, the compound fertilizer segment was the Group’s principal continuing operation. In prior years, on the back of the overall downward economic pressure, the industry competition of compound fertilizer was more intense. Affected by the continuous low pricing of main raw materials, the drop in agricultural products and food prices and the abnormal climate due to the super El Nino phenomenon in mid-2016, the entire industry was operated weakly. Facing the drop in overall market demand and relentless market competition, the Company’s subsidiaries, Guangdong Fulilong and Shandong Hidersun actively responded to challenges by adopting a series of measures, continued to optimize the product structure according to market changes, adjusted marketing models, reinforced direct cooperation with farmers’ cooperative communities and large-scale planting base operators, actively promoted active fertilizers and bio-organic fertilizers of the specialized fertilized products which commanded a higher gross profit margin, strengthened the pre-sale, in-sale and after-sales services, and thereby able to maintain the stable development of the Group’s compound fertilizer business. During the period under review, the Company’s subsidiary, Guangdong Fulilong invested and set up“Guangdong Fulilong Soil Conditioning and Remediation Institute” (廣東福利龍土壤調理修復研究院)to integrate the application and fundamental research, engineering development, talent cultivation and training promotion as a whole, conduct regional soil resources conditioning and remediation research, soil environmental quality standards research, academic exchange and discussion on agricultural technology and information and soil resources investigation and study, which provided a platform for basic research and technology support for improving regional soil pollution and enhanced soil productivity and agricultural products safety. Guangdong Fulilong quickened the pace of the research and development of new ecological and environment-protection fertilizers through continuous technological innovation and product innovation. In November 2016, Guangdong Fulilong was nominated as the “Top 100 Chinese Fertilizer Enterprises in 2016 (2016年中國化肥100強)” and “Top 100 Chinese Phosphorus Fertilizer Enterprises in 2016 (2016中國磷複 肥企業100強)” in the conference of the Top 100 Chinese Fertilizer Enterprises in 2016(9th session)and Chinese Fertilizer Brand Summit(中國化肥品牌峰會)organized by China Chemical Industry Information Association and the Fertilizer Professional Committee of Chemical Industry and Engineering Society of China. In the campaign of “Top 50 Fertilizer Brands Trusted by Farmers in 2016 (2016農民信賴的肥料品牌五十強)” jointly organized by Phosphorus Fertilizer Industry Association of China and CCTV-7 Agricultural Channel, Guangdong Fulilong was awarded the “Top 50 Fertilizer Brands Trusted by Farmers in 2016 ” (2016農民信賴的肥料品牌五十強). Guangdong Fulilong will adhere to the concept of knowing and loving the farmers as in the past to bring benefits to all farmers. Prospects: Looking ahead,the Company will firmly grasp the opportunities from the transformation and upgrade of the biological compound fertilizer sector to adjust the product structure reasonably and gradually increase the proportion of active fertilizers and bio-organic fertilizers with higher gross profit margin, so as to enhance the competitiveness of its products and further improve its profitability.Through cooperation with relevant technology research and development teams in the United States, the Company successfully acquired the world’s unique quantitative EEG detection and diagnosis technology. Such technology is used in the cutting-edge human brain medical sector for remote and precise medical treatment to provide quantitative automatic detection diagnosis of brain waves through artificial intelligence cloud with self-learning ability. The Company intends to take the strategic opportunity regarding the accelerating development of traditional medical and pharmaceutical system in the medical and healthcare industry and their modelling transformation during the 13th Five Year Plan period, introducing advanced and matured medical and healthcare projects into the East Asian markets and foster new sources of profit growth, aiming to achieve the Company’s upgrading in both its strategy and innovation.

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