CHALIECO Stared at Africa Market

(China Aluminum Network) It is reported that Zhang Chengzhong who is the chairman of CHALIECO said in an interview company business growth stable in July and August, orders in the second half year also performed well. In the future, they will enhance overseas business, regarded Africa as the key development market.

Yearly orders no less than 30 billion

CHALIECO announced company’s net profits increased 25.4% to 0.535 billion yuan, operating revenues increased 55.9% as well to 6.876 billion yuan in the first half year. The same period, newly added contracts amount reached 16.2 billion yuan. Zhang Chengzhong revealed business growth kept the same in the first two months and the first half year, the second half year was expected to growth, hope yearly orders will no less than 30 billion yuan.

Brazil and Venezuela be the key development market

He also pointed out company’s overseas business occupied less than 20% of the whole proportion, hope will increase to more than 30% within 2-3 years. Though there is no official projects in Afirca, this area still is the key development market, other regions like Brazil and Venezuela are all with large development potential.

Zhang Chengzhong said will enhance technology research and development, increase high-tech products to enlarge the gross profit and income of equipment manufacturing operations. Construction contract, engineering design and equipment manufacturing are their objectives, these three businesses occupied 64.1£¥, 26.9£¥ and 19.1£¥ respectively of the whole proportion in the first half year.

Strengthen research and development, increase high-tech products

In addition, company’s gross profit only reached 18.5£¥ in the first half year, which was declined yoy. Wangjun the CFO explained owing to the entry of two high gross profit projetcs that stimulate gross margin rate, this year company’s gross margin rate still keep balance if from the view of 18.6£¥ in last year.

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