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06055 CTIHK

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  • 10.360
  • +0.040+0.39%
Market Closed Mar 28 16:08 CST
7.17BMarket Cap11.96P/E (TTM)

About CTIHK Company

We are China Tobacco International's designated overseas platform responsible for capital operation and international business development. China Tobacco International is a wholly-owned subsidiary of China Tobacco Corporation. It undertakes the management and operation of China Tobacco Corporation by organizing trade in tobacco products and supervising the operation of overseas subsidiaries and China Tobacco Corporation's overseas investments. CNTC Group is the only entity engaged in the production, sale, import and export of Chinese tobacco monopoly products in accordance with the national tobacco monopoly system. According to the authorization of the National Tobacco Administration and related laws, regulations and rules, we are mainly engaged in the following business: Tobacco product import business: We exclusively operate the tobacco leaf product import business in accordance with Document No. 60. We mainly purchase tobacco leaf products from countries or regions of origin around the world (such as Brazil, the United States, Argentina, Canada, Zambia and others), and sell imported tobacco leaf products to China Tobacco International for resale to Chinese tobacco manufacturers to meet their demand for overseas tobacco products. Revenue from the tobacco product import business for the years ended 31 December 2015, 2016 and 2017 and the nine months ended September 30, 2018 was HK$5,190.1 million, HK$4,063.6 million, HK$5,487.5 million, HK$4,574.4 million and HK$3,798.2 million, accounting for 68.1%, 64.4%, 70.3%, 71.3% and 74.8% of total revenue for the same period, respectively; Tobacco leaf product export business: Our exclusive tobacco product export business mainly refers to purchasing tobacco products from various regions of origin in China and exporting them to Southeast Asia (including Indonesia, Thailand, Singapore, Vietnam, the Philippines, Laos, Cambodia, Myanmar, Malaysia, Brunei and the Democratic Republic of East Timor), Taiwan, China, Hong Kong, and Macau, China. According to the Frost & Sullivan report, exports of tobacco products to these regions were 226.9 million US dollars, 206.4 million US dollars and 242.0 million US dollars for the years ending December 31, 2017, respectively, accounting for 42.3%, 38.1% and 38.2% of China's total exports of tobacco products, respectively; Cigarette export business: We exclusively export Chinese brand cigarettes to duty-free shops and cigarette wholesalers for sale in Thailand, Singapore, Hong Kong and Macau, China, as well as Guanwai regions in China. In 2015, 2016, 2017 and the nine months ending September 30, 2018, we directly exported cigarettes to 3, 3, 6 and 6 duty-free shop operators and 14, 17, 18 and 17 wholesalers, respectively. According to Frost & Sullivan's report, exports of duty-free Chinese brand cigarettes to overseas markets were 697.7 million US dollars, 724.4 million US dollars and 687.2 million US dollars for each year ending December 31, 2017, and are expected to increase from 697.9 million US dollars in 2018 to 742.2 million US dollars in 2022. As of the last available date, there are 24 Chinese cigarette brands in our product portfolio, including approximately 174 SKU items. Yuxi, Yunyan, Hongta Mountain, Chinese Hibiscus Wang and Liqun are the main brands in our product portfolio; New tobacco products export business: We exclusively operate the business of exporting new tobacco products to overseas markets around the world. We started the export business of new tobacco products in May 2018, and since then we have exported new tobacco products to different countries and regions. Currently, our export countries and regions are mainly located in Asia, such as South Korea. Our novel tobacco products mainly include heated, non-burnable tobacco products. According to the Frost & Sullivan report, the global market for heated non-burnable tobacco products will enter an important development period in the next five years. Its global sales will increase from 9.7 billion US dollars in 2018 to 19.6 billion US dollars in 2022, with a compound annual growth rate of 19.3%.

Company Profile

Symbol06055
Company NameCTIHK
ISINHK0000503208
Listing Date06/12/2019
Issue Price4.88
Shares Offered166.67M share
Founded02/26/2004
RegistrationHong Kong, China
ChairmanYan Shao
SecretaryChengrui Wang
Audit InstitutionKPMG
Company CategoryOverseas registration of Mainland State-owned Assets control
Registered OfficeRoom 1002, 10th floor, Block A, One Harbour Gate China Life Centre, 18 Hung Luen Road, Hung Hom, Kowloon, Hong Kong
Head Office and Principal Place of BusinessRoom 1002, 10th floor, Block A, One Harbour Gate China Life Centre, 18 Hung Luen Road, Hung Hom, Kowloon, Hong Kong
Fiscal Year Ends12-31
Employees281
MarketHong Kong motherboard
Fax(852)27031218
Emailir@ctihk.com.hk
Business China Tobacco International (Hong Kong) Limited is a Hong Kong company mainly engaged in the sale, import and export of cigarettes and tobacco leaf products. The company operates through four divisions. The tobacco leaf products export division buys tobacco products in mainland China and then exports them to customers in Southeast Asia, Hong Kong, China, Macau, and Taiwan. The tobacco leaf products import division imports tobacco leaf products from countries or regions of origin of tobacco leaves around the world to mainland China. The cigarette export business segment exports cigarettes to duty-free shops in Thailand, Singapore, Hong Kong, Macau, China, and duty-free shops in the Guanwai region in mainland China. The New Tobacco Products Export Division exports novel tobacco products from mainland China, such as heated non-burnable tobacco products, to global overseas markets.

Company Executives

  • Name
  • Position
  • Salary
  • Yan Shao
  • Nomination Committee Chairman,Remuneration Committee Member,Non-Executive Director,Chairman of the Strategic Development Committee,Chairman
  • --
  • Jiahui Dai
  • GM,Member of the Strategic Development Committee,Authorized Representative,Executive Director
  • --
  • Chengrui Wang
  • Executive Director,Company Secretary,Authorized Representative
  • --
  • Zengyun Xu
  • Executive Director,Deputy GM,Member of the Strategic Development Committee
  • --
  • Zilu Mao
  • Executive Director
  • --
  • Xiaolei Zou
  • Member of the Strategic Development Committee,Remuneration Committee Chairman,Nomination Committee Member,Audit Committee Chairman,Independent Non-Executive Director
  • --
  • Xinhua Wang
  • Audit Committee Member,Remuneration Committee Member,Independent Non-Executive Director,Nomination Committee Member
  • --
  • Guoqiang Zou
  • Independent Non-Executive Director,Audit Committee Member
  • --
  • Yi Qian
  • Independent Non-Executive Director
  • --
  • Biao Yan
  • Deputy GM
  • --

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