Company Profile For China Metal International Holdings Incorporation

China Metal International Holdings Incorporation (0319.HK) (Hong Kong Stock)

sector: Cyclical Consumer Goods & Services · industry: Auto/Truck/Motorcycle Parts ·

As of 1:03pm IST

1.92HKD

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Overview

China Metal International Holdings, Inc. is a Hong Kong-based investment holding company. The Company, through its subsidiaries, principally engaged in design, development, manufacture and sale of customized metal castings for use in various industries. It also provides moulding, machining and coating services to its customers. The Company provides products to automotive, air conditioning and other mechanical manufacturers. It has three product categories: Automotive parts and components, Mechanical parts and Compressor parts. The Company has three plants located in Tiainjin and Suzhou in China, with eight production lines and annual capacity of 178,800 tons casting iron.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, China Metal International Holdings Inc.'s revenues decreased 44% to $63.7M. Net income decreased 61% to $7.2M. Revenues reflect a decrease in demand for vehicle, machinery and compressor components & parts, due to global economic downturn. Net income also reflects a decrease in gross profit margin, lower other revenue and a decrease in other net income.