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Public company info - Shaanxi Northwest New Technology Industry Co. Ltd. - H Shares , 08258.HK

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Shaanxi Northwest New Technology Industry Co. Ltd. - H Shares, 08258.HK - Company Profile
Chairman Wang Cong
Share Issued (share) 331,000,000
Par Currency Renminbi
Par Value 0.1
Industry Chemical Products
Corporate Profile Business Summary: The Company is principally engaged in the research and development, production and sale of innovative environmental protection energy material and products, fuel oil additives, chemical products and rare earth materials. Performance for the year: The Company’s revenue was approximately RMB37,660,000 for the financial year ended 31 December 2018, representing an increase of 5% over the previous year. The Company’s profit after taxation was approximately RMB11,331,000 for the financial year ended 31 December 2018, compared to RMB6,874,000 last year. The gross profit margin of 2018 was 31% (2017: 31%). Business Review: Products and production The Company’s principal products were FA-90 unleaded gasoline additive (“FA-90”) and 2-ETHYLHEXYL THIOGLYCOLATE (thiol products). The Company realised a sales income of RMB37,660,000 for the year, representing an increase of 5% over the previous year. Sales and marketing The Company’s sales mainly relied on its existing sales and distribution network and expanded its sales channel appropriately. In particular, it enhanced the after-sales services and maintained cooperation with some of its traditional clients. Prospects: The Directors believe that as the Company puts more efforts into the development of new projects with growth potential in the future, new breakthroughs will be made, in particular in the clean energy sector, and the Company will realize major transformation in its core business, which will have a positive role in the Company’s future results of operation and sustainable development. The Company will continue to expand its business into new areas and strive for new business growth and significant increase in its profitability in order to create higher returns for all its shareholders.

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