Company Profile For Xingda International Holdings Limited

Xingda International Holdings Limited (1899.HK) (Hong Kong Stock)

sector: Cyclical Consumer Goods & Services · industry: Tires & Rubber Products ·

As of 9:59am IST

3.49HKD

Price Change

+0.00

Percent Change

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Analyst Recommendations

Overview

Xingda International Holdings Limited is an investment holding company. The Company is principally engaged in the manufacturing and distribution of radial tire cords and bead wires. The Company’s subsidiaries include Faith Maple International Ltd., which is engaged in investment holding; Jiangsu Xingda Steel Tyre Cord Co., Ltd., which manufactures and sells radial tire cords and bead wires; Xinghua Municipally Lianxing Machinery Manufacturing Co., Ltd., which is engaged in the assembly of plant, machinery and equipment; Shanghai Xingda Steel Tyre Cord Co., Ltd., which is engaged in the trading of radial tire cords and bead wires; Xingda International (Shanghai) Special Cord Co., Ltd., which is engaged in investment holding activities, and Jiangsu Xingda Special Cord Co. Ltd., which is engaged in the manufacture of radial tire cords and bead wires.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Xingda International Holdings Limited's revenues decreased 14% to RMB1.53B. Net income increased 32% to RMB314.5M. Revenues reflect decreased sales of radial tire cords. Net income was offset by an increase in other income, lower selling & distribution expense, a fall in administrative expense, decreased finance cost and the presence of fair value gain on available-for-sale investments.