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Zhongfu Straits (Pingtan) Development Company Limited (China)

Main Activities: Forestry and Logging | Wood Product Manufacturing
Full name: Zhongfu Straits (Pingtan) Development Company Limited Profile Updated: March 17, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

Zhongfu Straits (Pingtan) Development Company Limited is located in Fuzhou. The company was established in an unspecified date and has a diverse range of business areas, including seed breeding, afforestation, timber processing and sales, landscaping, pawnbroking and microloans, and infrastructure construction. The company focuses on the cultivation and development of forest resources and has formed an integrated "large forestry" pattern that includes seed breeding, tree planting, timber processing, and landscape design and construction. Additionally, the company takes advantage of its location in the western coastal area and actively seeks new development opportunities. In March 2011, the State Council officially approved the "Development Plan for the Western Coast Economic Zone," elevating the development of the western coastal area from a regional strategy to a national strategy. This provided unprecedented strategic opportunities for the accelerated development of Pingtan, which is located at the forefront of the western coastal area. To seize the historical opportunity of Pingtan's development and achieve strategic transformation, the company's leadership made decisive decisions and identified participation in Pingtan's development as a new strategic focus. The company received strong support from the Pingtan Comprehensive Experimental Zone Management Committee. In September of the same year, the committee and the company signed a "Cooperation Framework Agreement," providing support and services for the company's projects in the experimental zone, such as landscaping and infrastructure construction, and granting the company the most favorable policies and tax benefits within the policy scope. On December 15, 2011, the National Development and Reform Commission officially issued the "Overall Development Plan for the Pingtan Comprehensive Experimental Zone," approving the full opening of the entire island of Pingtan and granting more favorable policies to the Pingtan Comprehensive Experimental Zone in terms of customs clearance mode, financial and tax support, investment access, financial insurance, cross-strait cooperation, and land support.

Headquarters
4F Bldg 28/35 Tw Venture Pk. Jinjing Second R. Beicuo T. Comprehensive Experimental Zone Pingtan Fuj
Fuzhou; Fujian; Postal Code: 350003

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Website: http://www.000592.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
September 08, 1993
Key Executives
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Chairman
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Chairman of the Supervisory Board
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Director
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General Manager
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Deputy General Manager
Ownership Details
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17.13%
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0.65%
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0.54%
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0.35%
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0.25%
Subsidiaries
Beijing Zhongfu Kanghua Scenic Area Tourism Development Co., Ltd.
100%
Fujian Benyuan Import and Export Co., Ltd.
100%
Fujian Jianou Furen Wood Industry Co., Ltd.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
7.41%
Total operating revenue
7.11%
Operating profit (EBIT)
54.36%
EBITDA
60.04%
Net Profit (Loss) for the Period
92.38%
Total assets
-1.11%
Total equity
-7.42%
Operating Profit Margin (ROS)
0.81%
Net Profit Margin
1.03%
Return on Equity (ROE)
0.46%
Quick Ratio
-0.09%
Cash Ratio
-0.18%

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