Mr. Fan Weiping, Member of the Standing Committee and Minister of Publicity Department of CPC Liaoning Province, visited China Zhongwang. He toured around the exhibition hall, aluminium extrusion plant as well as aluminium car body manufactory plant.
Mr. Fan said that in recent years, under stable growth, China Zhongwang kept efforts in promoting structural optimization with increased production, and industrial upgrade with innovation, which set a model in the province. Furthermore, China Zhongwang achieved a win-win situation in both economic and culture level by effectively apply ideological construction and culture promotion at the same time.
According to the Group’s financial performance for the nine months ended 30 September, 2015, the Group's total revenue was RMB12.68 billion, representing a y-o-y increase of 3%. During the period under review, the portion of high-end industrial aluminum extrusion products increased, resulting in a lift in gross margin by 6.2ppt to 34.8% as compared to the same period last year, and net profit increased 29.1% y-o-y to RMB2.52 billion.