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Moomoo > Quotes > 01378 CHINAHONGQIAO > Company Profile
01378 CHINAHONGQIAO
7.910
+0.140+1.80%
Symbol
01378
Company Name
CHINAHONGQIAO
ISIN
KYG211501005
Listing Date
03/24/2011
Establishment Date
02/09/2010
Registration
Cayman Islands
Chairman
Bo Zhang
Secretary
Yuexia Zhang
Audit Institution
Shin Yong Zhonghe (Hong Kong) Accountants Limited
Company Category
Overseas registration of Mainland Individuals control
Registered Office
P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman Islands
Head Office and Principal Place of Business
Room 5108, Central Centre, 99 Queen's Road Central, Hong Kong
Fiscal Year Ends
12-31
Employees
42650
Market
Hong Kong motherboard
Phone
(852) 2815 1080
Fax
(852) 2815 0089
Email
christine@hongqiaochina.com
Business
China Hongqiao Group Co., Ltd. is a China investment holding company mainly engaged in the production and sales of aluminum products. The company's main products include liquid aluminum alloy, aluminum alloy ingot, aluminum bus and aluminum alloy processing products. The company mainly operates in Chinese mainland, Hong Kong, China, the British Virgin Islands, Indonesia and the Cayman Islands. The company also engages in bauxite trade, financial leasing, environmental protection and supervision through its subsidiaries.
Profile
China Hongqiao Group Co., Ltd. ("China Hongqiao" or "the Group"; stock code: 01378) is a leading manufacturer of aluminum products in China. China Hongqiao, located in Shandong Province, China, is mainly engaged in the production and sales of liquid aluminum alloy, aluminum alloy ingots, aluminum alloy roll-casting products and aluminum busbar. With its large scale and advanced technology, competitive cost structure, forward-looking industrial chain expansion strategy and experienced management team, the Group has successfully further consolidated its leading position in the industry and maintained its business growth and unique competitive advantage. In 2014, against the trend, China Hongqiao still adhered to a positive business development strategy to further expand production capacity in order to continue to consolidate the Group's leading position in China's aluminum industry. As of December 31, 2014, the Group has a total designed annual production capacity of 4026000 tons (2013: 29.56 billion tons) of aluminum products, with an annual increase of about 36.2%. In 2014, the Group not only made progress in expanding the scale of industrial clusters, but also the distribution of raw material supply overseas has become a solid cornerstone to ensure the long-term and sound development of the Group. In 2014, the Group made remarkable progress in its overseas business. The first phase of the Group's joint venture alumina production company in Indonesia with an annual design capacity of 1 million tons will be completed and put into operation by the end of 2015. At that time, the self-sufficiency rate of alumina will be further increased. In addition, the Group has opened up bauxite supply channels in the Commonwealth of Australia, the Republic of India and the Federation of Malaysia, ensuring that the Group will continue to obtain bauxite supply at stable prices and sources in the next few years; at the same time, the Group will continue to promote the African Guinea bauxite project and the Group's edge in ensuring a stable supply of raw materials has been further consolidated. With the increasing stability of overseas raw material supply channels, the Group has gradually digested the original bauxite inventory. With the Group's careful overseas layout, the stable supply of raw materials has greatly reduced the potential risks caused by substantial fluctuations in raw material prices and fluctuations in supply and demand, laying a solid foundation for the Group's long-term and sound development. In addition, the company has been named one of the top 50 listed companies in the Asia-Pacific region by Forbes Asia magazine for two consecutive years, and has also been selected to be included in the Hang Seng High dividend yield Index. On October 28, 2014, the General Office of the Shandong Provincial people's Government issued the "implementation Plan for the Transformation and upgrading of Shandong Nonferrous Metals Industry". It is clearly proposed to focus on supporting the Company's wholly-owned subsidiary Shandong Weiqiao Aluminum Power Co., Ltd. ("Aluminium") to develop into a large enterprise group with a complete aluminum industry chain, indicating that the Group has received double affirmation and support from the capital market and the local government. Looking to the future, the Group will rely on its advantages to further consolidate the industrial model of "aluminum grid integration" and "upstream and downstream integration", accelerate the development of industrial clusters, enhance cost advantages and economies of scale, and consolidate the Group's leading position in China's aluminum industry. At the same time, the Group will continue to enhance its investment in scientific and technological research and development, strive to seek progress and breakthroughs in the development of cleaner production and circular economy, and lead the advanced direction of the development of China's aluminum industry in an all-round way. As an advantageous enterprise with outstanding cost advantages and unique industrial cluster development model, the Group will continue to benefit from the process of integration and upgrading of the aluminum industry. The board of directors is also confident about its own future development. In the face of a market environment with both opportunities and challenges, the Group will adhere to its core competitiveness, pay close attention to policy guidance, strive to seize market opportunities, actively respond to future challenges, and maintain a steady pace of progress. to create rich returns and long-term value for shareholders.
Company Overview
China Hongqiao Group Co., Ltd. is a China investment holding company mainly engaged in the production and sales of aluminum products. The company's main products include liquid aluminum alloy, aluminum alloy ingot, aluminum bus and aluminum alloy processing products. The company mainly operates in Chinese mainland, Hong Kong, China, the British Virgin Islands, Indonesia and the Cayman Islands. The company also engages in bauxite trade, financial leasing, environmental protection and supervision through its subsidiaries.
CEO: Bo Zhang
Market: Hong Kong motherboard
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