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The Textile Magazine
JUNE 2012
China Hi-Tech Group Corpora-
tion (CHTC), a large-sized wholly
State-owned central enterprise su-
pervised by the Assets Supervision
and Administration Commission
of the State Council (SASAC), has
20 secondary subsidiaries and over
100 third-level subsidiaries, hiring
more than 50,000 employees. These
subsidiaries are located in over 20
Chinese provinces, municipalities
and autonomous regions, as well
as nearly 20 foreign countries and
regions.
Among them are five listed
companies, namely, Jingwei Textile
Machinery Co. Ltd. listed in the
Hong Kong stock market and the
H.A stock market of China; CHTC
KAMA Co. Ltd. listed in the B
stock market of China; Baoding
Swan Co. Ltd. and China Garments
Co. Ltd., both listed in the A stock
market of China; and Fong’s In-
dustries Company Ltd. listed on the
main board of Hong Kong.
CHTC has three business sectors,
i.e., textile machinery, textile trade
and commercial vehicles. Based
on that, it has formed six business
units – textile machinery, textile
trade, new fiber materials, heavy
machinery, real estate and invest-
ment. Among them, textile machin-
ery is CHTC’s core business, with
its ranking in scale among the top
two in the global textile machinery
field.
Currently, CHTC boasts the
world’s most complete range of
textile machinery, with its major
products ranging from cotton spin-
ning equipment, chemical fiber
equipment, and printing & dyeing
& finishing equipment to nonwoven
equipment.
The CHTC mission is to “build
an equipment flagship and pioneer
textile development”, with a goal
of “becoming an internationally
competitive enterprise”. In 2009,
it had mapped out a “three-step”
strategy on the basis of delibera-
tion and study. The blueprint of this
strategy is to reach 30 billion RMB
in sales revenue by 2011, 60 billion
RMB in sales revenue by 2015, and
the breakthrough of the 100 billion
RMB threshold by 2020.
Judging by operation results in
recent years, the total assets and
total revenue of CHTC kept an av-
erage annual growth rate of 30 per
cent since 2008, the average annual
growth rate of total profit is 122
cover story