Friday, March 29, 2024
 
Columnist
Martin Hennecke
 
YUANDA CHINA
HKEx Stock Code : 02789 
 
Corporate Profile
The principal activities of the Group are the design, procurement, production, sale and installation of curtain wall systems, and the provision of one-stop integrated curtain wall solutions for its customers.

Business Review - For the year ended December 31, 2012

The Group is a provider of one-stop integrated curtain wall solutions covering the design of curtain wall systems, procurement of materials, fabrication and assembly of curtain wall products, performance testing, installation of products at construction sites, and after-sales services. End customers to our curtain wall solutions mainly concentrate in domestic and overseas non-residential and infrastructure development areas, such as office buildings of government authorities or headquarters of leading companies from various industries, hotels, shopping centers, convention, cultural, sports and art centers, exhibition halls, airports, train stations, hospitals and universities. We believe we are a leading curtain wall provider with a comprehensive product portfolio. We integrated elements of new materials, new technology, new energy, environmental protection and energy-saving into curtain wall products through more complex research and development (¡§R&D¡¨), design, production and installation lines. We have further developed curtain wall products and are committed to realizing the idea of ¡§Low carbon, Function, Safety¡¨ in curtain wall products. Such products include double-skin curtain walls, photovoltaic curtain walls, ecologically friendly curtain walls, video curtain walls and membrane structure curtain walls. We also provide ancillary products related to curtain wall systems, including skylights, metal roofs, canopy systems, shading systems, balustrade and breast board systems, fire door, roll-up door and energy-saving aluminum alloy doors and windows.


Business Outlook - For the year ended December 31, 2012

Further strengthening R&D and innovation

As a leading enterprise in curtain wall industry in the world, we understand the R&D ability is a motivator of the development of enterprises. By upholding its corporate operation principle of ¡§technology leads markets and services create values¡¨, the Group continued to enlarge the investment in R&D. The total investment in R&D in 2012 was RMB373.0 million, representing a year-on-year increase of 49.8% as compared to 2011. The investment capital in R&D was mainly used in the design of new curtain wall and environmental-friendly curtain wall, the modification of existing products and the innovation of new techniques and products, including low-carbon and energy-saving construction wall, intelligent environmentalfriendly ventilated products, modularized construction wall techniques and Internet of Things application technology research. Currently, the products of the Group have covered environmental-friendly curtain wall, energy-saving curtain wall, photovoltaic curtain wall and intelligent curtain wall. The Group will continue to develop epoch-making products and techniques with an aim to shape the future development of the curtain wall industry and consolidate its technological advantages and leading position in the industry.

Closely following the national strategic realignment in PRC market

With the implementation of the national strategy of ¡§new urbanization¡¨ and ¡§Beautiful China¡¨ and leveraging on its leading advantages in technology, the Group proactively promotes the transformation of traditional curtain wall products to high-end energy-saving products.

A series of real estate control measures in China caused real estate investment to switch from the saturating residential market to commercial real estate market, which is an effective driving force to the development of the domestic curtain wall industry.

Benefiting from the 12th Five Year Plan of the Country and the industrial supporting policies for the cultural industry, local financial industry and the progress of urbanization, the prospect of curtain wall industry is optimistic. The Company undertook the project of Harbin theatre, China Bohai Bank in Tianjin and New City of Eastern Fuzhou in 2012.

The Group will continue to focus on the domestic curtain wall market in 2013.

Developing major overseas market with devised strategies

For overseas market, the sluggishness of the economic recovery in Europe and America in 2012 affected the overseas business of the Group to a certain extent. The Group will evaluate the current market condition, strictly control cost budget for projects, actively expand the strategies for overseas markets, focus on overseas markets, such as Australia, Far East and America and will increase the market expansion in these regions to achieve growth of revenue generated from overseas market gradually.

The Group will continue to adhere to its internationalized strategy, however, for 2013, the Company will be more discreet in the development of overseas market.

In 2013, confronting adversity and challenges, the Board, on one hand, plans to establish the strategies and targets for the mid-long term development of the Group; on the other hand, will take advantages of the opportunities of PRC market and major overseas markets to ensure newly undertaken contracts to be duly signed; strengthen the assessment and monitoring of management performance, emphasize on the product idea of ¡§service, quality and cost¡¨, ensure the time limit and quality of projects, control the cost budget of projects and strive to realize capital return and planned profit target of construction projects. The Board is confident about the long-term development potential of the Group in China and the Group will continue to make its efforts to create more values and returns for its shareholders.

Source: Yuanda China Hldgs (02789) Annual Results Announcement
Chairman Kang Baohua Issued Capital (shares) 6,209M
Par Value HKD 0.1 Market Capitalisation (HKD) 2,980M
 
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