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CHTC Fong's International Company Limited (Hong Kong SAR, China)

Main Activities: Steel Foundries (except Investment) | Machinery Manufacturing
Full name: CHTC Fong's International Company Limited Profile Updated: March 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

CHTC Fong's International Company Limited, located in Hong Kong, was founded by Mr. Fang Shoulin in 1963. The company specializes in the design, manufacturing, sales, and provision of advanced textile dyeing and finishing equipment. In 1969, it began operating under the name "Fong's Dyeing & Finishing Machinery Limited" and became one of the first Hong Kong businesses to expand into the vast Chinese textile dyeing and finishing market, marking an important turning point for the future development of CHTC Fong's International Group. In 1990, Fong's Industrial Limited successfully listed on the Hong Kong Stock Exchange. The group's other core businesses include stainless steel trading and stainless steel casting, with a mission to provide high-quality stainless steel materials and castings for the group. CHTC Fong's Group has 14 major operating subsidiaries and employs approximately 3,517 people. It serves over 6,000 customers worldwide and introduces more than 2,000 high-quality and advanced dyeing and finishing equipment to the market each year. To date, it has provided approximately 35,000 sets of high-quality dyeing and finishing equipment to global customers, covering a wide range of high-end customers in the dyeing and finishing industry, promoting the continuous development and upgrading of the textile dyeing and finishing industry in China and even the larger global economic region. The development and growth of CHTC Fong's International is a microcosm of the half-century growth history of the Chinese textile dyeing and finishing industry. In June 2011, CHTC Fong's International Company Limited merged with CHTC Group Co., Ltd., becoming a core enterprise in the textile dyeing and finishing machinery business sector of CHTC Group, rapidly enhancing the comprehensive capabilities of CHTC Group's textile dyeing and finishing equipment. As the world's second-largest textile machinery supplier, CHTC will fully support the future development of CHTC Fong's International, not only assisting it in achieving greater economies of scale but also further strengthening its competitive advantage in the dyeing and finishing machinery industry. The dyeing and finishing equipment brands under CHTC Fong's International Company Limited include Fong's, Fong's Monforts, Sall, Thies, Goller, Fong's Water, and Monforts Germany, offering customers a "one-stop" equipment solution and service for pretreatment, dyeing, and finishing.

Headquarters
Units 2201 2203, Orient International Tower, 1018 Tai Nan West Street
Hong Kong; Hong Kong;

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Website: http://www.fongs.com/en-us/pages/home

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:
January 01, 1989
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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32.53%
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23.41%
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15.9%
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Subsidiaries
Fong'S Manufacturers Company (United Kingdom)
100%
Fong'S Projects Holding Limited (United Kingdom)
100%
Tycon Alloy Industries (Hong Kong) Co., Ltd.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HKD. Absolute financial data is included in the purchased report.
Net sales revenue
-33.64%
Total operating revenue
-30.52%
Operating profit (EBIT)
-15.37%
EBITDA
-59.03%
Net Profit (Loss) for the Period
-5.94%
Total assets
-20.73%
Total equity
-22.56%
Operating Profit Margin (ROS)
-2.44%
Net Profit Margin
-3.5%
Return on Equity (ROE)
-1.67%
Debt to Equity Ratio
42.58%
Quick Ratio
-0.12%
Cash Ratio
-0.04%

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