sector: Industrials ·
industry: Construction & Agricultural Machinery ·
Lonking Holdings Limited, formerly China Infrastructure Machinery Holdings Limited, is an investment holding company. Through its subsidiaries, the Company is engaged in the manufacture and distribution of wheel loaders, road rollers, excavators, fork lifts and other infrastructure machinery, and the provision of finance lease for the infrastructure machinery. The Company is organized into two operating divisions: manufacturing and sales of construction machinery, and finance lease of construction machinery produced by the Company. The wheel loader models offered by the Company include ZL50, ZL40 and ZL30. During the year ended December 31, 2008, the revenue generated from wheel loaders represented approximately 86% of the Company’s total turnover. On August 1, 2008, the Company acquired Longgong (Datong) Machinery Co., Ltd. The immediate and ultimate holding company of the Company is China Longgong Group Holdings Limited.
BRIEF: For the six months ended 30 June 2009, Lonking Holdings Ltd's revenues decreased 10% to RMB3.57B. Net income decreased 40% to RMB361.2M. Revenues reflect a decrease in the sale of construction machinery business segment. Net income also reflects lower gross profit margins, a decrease in other gains & income, lower interest income, an increase in administrative expenses and a rise in finance cost.
Lonking Holdings Limited
No.26 Mingyi Road
Xinqiao
Songjiang Industrial
shanghai SHA 201612
P: +8621.57644948
F: +8621.57687966