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China Zhongwang 2017 Profit for the Year Increases by 33.1% to RMB3.87 Billion |
| In 2017, the Group's high value-added aluminium alloy formworks recorded remarkable sales, driving up the overall average selling price. External sales volume reached 737,366 tonnes, total revenue grew 16.6% to approximately RMB19.46 billion. Profit for the year rose considerably by 33.1% year-on-year to approximately RMB3.87 billion. |
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China Zhongwang and FAW Group Co-develop China's First "All-aluminium Body + All-aluminium Chassis" Passenger Vehicle |
| China Zhongwang has partnered with FAW Group to co-develop the first "all-aluminium body + all-aluminium chassis" passenger vehicle in China, and the vehicle has successfully passed the road test. China Zhongwang, thereby, became the first among domestic aluminium manufacturers capable of independent design and manufacture of passenger vehicle with all-aluminium body and all-aluminium chassis structure, strengthening its advantages as an integrated light-weight solutions provider. |
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Liaoning Zhongwang Group Organises Staff Training on Production Safety |
| Over 25,000 front-line employees in Liaoning Zhongwang Group participated in the training on safety management and production which lasted for one month and a half. The Group has been proactively implementing the safety production responsibility mechanism to strengthen the safety management level in all production units and to raise the safety awareness of all employees under the principle of "Safety First, Emphasis on Prevention, Comprehensive Management". |
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About China Zhongwang Holdings Limited
China Zhongwang is the second largest industrial aluminium extrusion products developer and manufacturer in the world and the largest in Asia. It has, over the years, been focusing on the light-weight development of ecological construction, transportation, machinery and equipment sectors through the provision of quality fabricated aluminium products. It now has over 90 internationally advanced aluminium extrusion production lines, including 22 production lines of large-scale aluminium extrusion presses of 75MN or above. The Group's unique core competitiveness in the industry lies in its comprehensive strength of four-in-one model, i.e. the integration of smelting and casting, die design, advanced equipment, and R&D capability all under one roof.
In addition, to further leverage its existing strengths in the industry, the Group is developing the high value-added aluminium flat rolling project. Upon completion, the project will become the world's largest top-notch aluminium flat rolling production base with state-of-the-art equipment. This new business venture will not only enable the Group to further capitalise on its leading edge in aluminium alloy smelting and casting and product R&D, but also achieve synergistic development with its existing aluminium extrusion and deep processing businesses by taking full advantage of shared resources.
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