Monday, November 30, 2020
Martin Hennecke
HKEx Stock Code : 01329 
Corporate Profile
The Group is principally engaged in the production of phthalic anhydride (PA) and fumaric acid. PA produced by the Group can be used in the production of industrial products, such as polyester resins, alkyd resins and plasticisers. Fumaric acid produced by the Group is generally used in the production of industrial products, such as polyester resins and polyhydric alcohols.

Business Review - For the year ended March 31, 2013

Revenue from sales of PA, fumaric acid and other by-products of PA decreased from HK$258.6 million and HK$35.8 million for the year ended 31 March 2012 to HK$229.5 million and HK$22.9 million for the year ended 31 March 2013 respectively. Revenue from sales of PA decreased since the Group slowed down its production and sales of PA in the second half of the year ended 31 March 2013, particularly from December 2012 to February 2013, in order to avoid the possible gross loss caused by the drastic rise in purchase cost of its major raw materials for production of PA, namely ortho-xylene ˇ§OXˇ¨, while the market price of PA could not catch up the increased price of OX. Sales of fumaric acid, as the major byproducts at the production of PA, and other by-products also declined accordingly.

Business Outlook - For the year ended March 31, 2013

The Group aims at becoming a leading intermediate chemicals manufacturer in the PRC. Having considered the market potential and evaluated the Group's market position and competitive strengths, the Group intends to achieve its business objectives and further growth through expanding its production capacity to increase market penetration and broadening its market coverage and customer base. The Group is also exploring other business opportunities to diversify its product portfolio and strengthen its position in the industry.

Source: Juda International (01329) Annual Results Announcement
Chairman Choi Lim Chi Issued Capital (shares) 200M
Par Value HKD 0.01 Market Capitalisation (HKD) 450M
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