sector: Industrials ·
industry: Industrial Machinery & Equipment ·
Haitian International Holdings Limited (Haitian Holdings) is an investment holding company. The Company and its subsidiaries are principally engaged in the manufacturing and distribution of plastic injection molding machines. The ultimate holding company of the Company is Sky Treasure Capital Limited. Some of the Haitian Holdings' subsidiaries include Guo Hua, Dahai (H.K.) Company Limited, Haitian Europe S.p.A, Haitian Huayuan (Hong Kong) Limited and Ningbo Haitian Machinery Sales Co., Ltd.
BRIEF: For the six months ended 30 June 2009, Haitian International Holdings Limited's revenues decreased 33% to RMB1.37B. Net income decreased 58% to RMB110.3M. Revenues reflect a derease in sales of plastic injection moulding machines & related products. Net income also reflects an increase in general & administrative expense, lower finance income, increased finance costs and the presence of share of loss from an associate vs. income.
Haitian International Holdings Limited
Unit D, 12th Floor
Seabright Plaza
9-23 Shell Street, N. Point