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HONG KONG, Aug 18, 2011 - (ACN Newswire) - China Innovation Investment Limited ("China Innovation", Stock Code: 1217.HK), the company focuses on "New Energy", "New Light", "New Materials" and "New Media" four new industries, today announced its H1 2010 results for the periods ended 30 June 2010.
During the reported period, China Trends recorded a total revenue of HK$2,648,000 (2010: HK$187,000), representing a sharp increase of more than 13 times compared with the same period last year, which was mainly attributable to the increase in the interest income. Profit attributable to owners of the Company was HK$ 425,000, while the Company recorded a loss for the corresponding period of 2010. Basic earning per share attributable to owners of the Company amounted to 0.01 cents (2010 loss: 0.06 cents).
As at 30 June 2011, the Company held investments in four unlisted companies namely Topsun Creation Limited ("Topsun"), Aesthetic Vision Limited ("Aesthetic Vision"), United Crown Century Company Limited("United Crown Century") and Blue Angel (H.K.) Limited ("Blue Angel"). The Company is one of the few investment companies in Hong Kong focusing on military and industrial sectors. We invest in listed and non-listed civil and military joint ventures with high quality to strive for medium-term gains from capital appreciation in the course of securitization of corporate assets invested, and apply the same as our key operation strategy and income source.
By investing in the industries of "New Energy", "New Light", "New Materials" and "New Media", our objective in the investment is to form energy conservation solutions integrated with military and civil dual-application technology, such as solar photovoltaic energy, LED lighting, energy conserving materials and energy-saving media terminals, and to introduce innovative products to the market, including solar all-in-one computers and solar advertising screens.
For "New Energy", the Company invests in Topsun, which adopts the power reserve patent technology of military aviation as its own core to develop the strategy of "Production - Research - Preliminary Research" for the research and manufacturing of solar photovoltaic system. With features of high capacity, fully sealed and maintenance-free, the system is widely used in military equipment and civil vehicles as well as construction, etc. It possesses a large room for growth and enormous development potential in both civil and military markets.
For "New Light", the Company invests in Aesthetic Vision, and was also given with preference to make investment in China Opto-Electro Industries Co., Ltd ("COEI"), a wholly-owned subsidiary of CNGC. Aesthetic Vision's major product is LED lighting. It possesses of LED ergonomics technology with features including LED illuminant, appropriate light flux, free colour temperature, healthy spectrum and compliance to ergonomics. Its products are widely used in military production as well as civic purposes.
For "New Materials", the Company invests in United Crown Century. Being the pioneer in the new energy-saving eco-sheet industry in the PRC market, United Crown Century mainly specializes in research and development of energy-saving eco-materials for walls.
For "New Media", with key investments in "New Energy", "New Light" and "New Materials" as aforesaid, the Company plans to further innovate and apply these three new resources industries. The invested company, Blue Angel, mainly engages in production and assembly of new products such as solar all-in-one computers and solar energy advertising screens with the use of solar energy and LED technologies, so as to develop a completed industry chain of four new energy and provide a one-stop production setting with synergy effect.
Being dedicated to outline a completed industry chain of four energy conservation, the Company is actively seeking more investment opportunities in new technologies like solar energy and LED, in order to build a greener low-carbon living environment.
Looking forward, the Company will continued to explore the investment opportunities to achieve medium-term capital appreciation.
Contact:
Carmen Lee
China Innovation Investment Limited
Email: carmen.lee@1217.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Fax: +852 2111 9989
Topic: Earnings
Source: China Innovation Investment Limited
Sectors: Daily Finance, Alternative Energy
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From the Asia Corporate News Network
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