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HONG KONG, Mar 11, 2015 - (ACN Newswire) - Dongpeng Holdings Company Limited ("Dongpeng" or the "Company" and, together with its subsidiaries, the "Group", Stock Code: 3386), the largest ceramic tile company in China, based on the preliminary review of the unaudited management accounts and information currently available to the Board, expects the profit attributable to owners of the Company for the year ended 31 December 2014 ("Reporting Period") to increase by between 50% and 70% in comparison with that of the year ended 31 December 2013. The expected increase in the profit attributable to owners of the Company is mainly attributable to increase in sales volume of products with high margins; and further improvements in the Group's operational efficiency and cost control practices during the Reporting Period.
Mr. He Xinming, the Chairman of Dongpeng said, "In 2014, China economy maintained a stable growth while the macro-economy and domestic property market still face some uncertainties. Against this backdrop, we are very pleased to achieve substantial growth through the leadership of our experienced management and relentless effort of our staff. After being listed on The Stock Exchange of Hong Kong, we have been included in the MSCI Global Small Cap Indexes, and have further expanded in mid-to-high-end sanitary ware market through the acquisition of 62% equity interests of Guangzhou Yinai Sanitary Products Co., Ltd.. Looking forward, we will continue to solidify our leading market position by leveraging on our leading "Dongpeng" brand, extensive sales network, differentiated products, efficient logistics system and highly dedicated team. Meantime, we has launched Dongpeng Home brand to develop one-stop green home decoration services and will allocate more resources to online sales channel development to capture the ample business opportunities in the emerging online consumer sector, so as to bring greater momentum to the Group's overall business growth and maximize returns for shareholders."
About Dongpeng Holdings Company Limited
Dongpeng is the largest ceramic tile company in China in terms of retail sales for two consecutive years in 2012 and 2013*. Dongpeng designs, develops, produces, markets and sells a wide variety of ceramic tile and bathroom products under the "Dongpeng" brand. As at 30 June 2014, Dongpeng currently manages an extensive nationwide sales network 1,825 retail outlets covering over 600 cities across China. Leveraging on its strong innovation and development capabilities, advanced SAP system and extensive nationwide sales network, Dongpeng will continuously strengthen its brand recognition, optimize its sales network, enhance its product mix and expand its bathroom products business, so as to solidify its leading market position.
Dongpeng has been included by Morgan Stanley Capital International (MSCI) as a constituent of the MSCI Global Small Cap Indexes - China effective on 30 May 2014, representing the strong recognition from the investment community of the Company's leading position in the ceramic industry.
Topic: Press release summary
Source: Dongpeng Holdings Company Limited
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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