Share This

Public company info - Zhejiang Prospect Co. Ltd. - H Shares , 08273.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Zhejiang Prospect Co. Ltd. - H Shares, 08273.HK - Company Profile
Chairman Tang Jing Jing
Share Issued (share) 23,000,000
Par Currency Renminbi
Par Value 1.0
Industry Automobiles & Components
Corporate Profile Business Summary: The Company has been operating in manufacturing and sales of universal joint and automotive components for automobiles including cardan universal joints, wing bearing universal joints and differential spiders. Performance for the year: Turnover for the year ended 31 December 2016 amounted to approximately RMB62.04 million, representing a decrease of approximately 10.22% as compared to RMB69.10 million for the year ended 31 December 2015. Net losses after tax amounted to approximately RMB14.20 million, a decrease of approximately 130.92% as compared to a net profit of RMB45.91 million for the year ended 31 December 2015. Business Review: The Company has three main product categories, comprising cardan universal joints, wing bearing universal joints and drive shaft. Due to the rapid development of the PRC economy and the country’s rising living standard, both corporate and individual demands for automobiles have increased during the year ended 31 December 2016, which in turn would drive up demands for automobile parts and components. The Company’s products are distributed through its own sales force to transmission shaft factories as well as automobile repair factories in the PRC. These domestic sales represented approximately 16.88% of the total turnover in 2016, as compared to approximately 12.2% of the total turnover in 2015. In addition, the Company sells its products to import and export corporations in the PRC, which accounted for approximately 18.72% and approximately 21.66% of the total turnover in 2016 and 2015 respectively. The Company has been selling its products directly to overseas customers in countries and regions including Russia, Turkey, Mexico, the United States, India, Italy and Japan. For 2016, direct sales to overseas customers represented approximately 64.4% (2015: approximately 66.14%) of the Company’s total turnover. AUTOMOBILES COMPONENTS AND PARTS INDUSTRY The rapid and enormous growth of both annual production and ownership of automobiles among the public in the PRC provides a broad base for the development of the automobile parts and components industry in the PRC. The lower costs in labour in the PRC serves an important function in reducing the cost of manufacturing automobile parts and components. Together, these factors have made the PRC automotive parts and components industry an attractive centre for investment. DEVELOPMENT OF NEW PRODUCTS During 2016, the Company continued to develop new models and specifications of wing bearing universal joints and heavyduty series of universal joints. Prospects: The Company plans to expand its production capacity for all three product categories by increasing investments in equipment and other properties, plants and equipments. The management will continue to expand the Company’s domestic and overseas sales networks. For the PRC market, the Company intends to increase its market share by expanding its sales and marketing team as well as establishing sales networks in certain regions of the PRC. For the overseas market, the Company intends to further expand its own export networks by boosting its direct export sales. The Company will strengthen its brand name promotion by means of advertisement, promotional campaigns and participating in automobile exhibitions to enhance the publicity of the Company.

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.