Changhong Technology
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| Company type | public |
|---|---|
| SZSE: 300151 | |
| Industry | Injection molding |
| Founded | 1987 |
| Founders |
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| Headquarters | Pingshan District, Shenzhen , China |
Area served | Worldwide |
Key people |
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| Revenue |  CNY 351,328,000 (2012) |
Number of employees | 2,100 (2012)[1] |
| Subsidiaries |
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| Website | www |
| Shenzhen Changhong Technology Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 深圳市昌紅科技股份有限公司 | ||||||
| Simplified Chinese | 深圳市昌红科技股份有限公司 | ||||||
| Literal meaning | Shenzhen Changhong Technology Co., Ltd. | ||||||
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Shenzhen Changhong Technology Co., Ltd. (simplified Chinese: 深圳市昌红科技股份有限公司; traditional Chinese: 深圳市昌紅科技股份有限公司) is a Chinese plastic parts and injection mold-maker.[2] It was listed on the Shenzhen Stock Exchange ChiNext board on 22 December 2010 using stock code SZSE: 300151 with CN¥100,500,000 registered capital.[3] The "CHT Group" has subsidiaries in Shenzhen, Shanghai, Heyuan, Anhui, and Hong Kong with their headquarters in Pingshan New District, Shenzhen, Guangdong, China.
Major customers include Konica Minolta Inc., Brother Industries, for whom they produce tooling and parts for Multifunction Printers, Thermo Fisher and Beijing Xiaomi Technology Co., Ltd.[4]
As of 9 November 2016, Changhong Technology was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index) but not in SZSE Component Index, making the company to be ranked between the 501st to 1,000th by free float adjusted market capitalization.
Changhong acquired 79.75% of Lingen Precision Medical Products (Shanghai) Co. (Chinese: 力因精准医疗产品（上海）有限公司) for ¥67.79 million (US$10,510,078) in 2015.[5] In 2018, the company decided not to seek compensation from Lingen founder Zhu Dexin (Chinese: 朱德新), citing his illness, despite Lingen's failure to meet revenue targets.[6] The decision attracted criticism from shareholders and scrutiny from regulators.[6]
Ownership
The public listing was funded in cash with 49.91% being paid by the company Chairman Li Huanchang (李焕昌).[7] Heyuan subsidiary General Manager Hua Shoufu (华守夫) paid 7.86% and Shanghai subsidiary General Manager Xu Yanping (徐燕平) contributed 5.99% of the investment.
Additional investors include the Shenzhen Zhongke Hongyi Venture Investment Co., Ltd. - 深圳市中科宏易创业投资有限公司 (3.73%), Zhejiang Lianheng Venture Capital Co., Ltd. - 浙江联盛创业投资有限公司 (3.73%) and Deng Shiyan - 邓世珩 (1.05%). The remaining 27.73% was raised from numerous other sources.[1]
Names and Locations
On 20 December 2007, the company changed its name from Shenzhen Changhong Hardware Manufacture Co., Ltd. to Shenzhen Changhong Mold Technology Co., Ltd. and then on 15 May 2012 to its current name 'Shenzhen Changhong Technology Co., Ltd.' to reflect changes to its business approach.[1]
On 16 December 2005, the company relocated from Jianxin Village, Ailian Village, Longgang Town, Longgang District, Shenzhen to its current address on the Westside of Jinlong Avenue in Pingshan New District.[1]
See also
References
- ^ a b c d "HDBC Business Report". Retrieved 12 June 2014.
- ^ Shui, Jing 水菁 (13 December 2010). "昌红科技今日申购发行价34元/股" [Changhong Technology's Subscription Price Today Set at 34 Yuan per Share]. Securities Daily (in Chinese). p. C4.
- ^ "昌红科技今日上市" [Changhong Technology Goes Public Today]. Shanghai Morning Post (in Chinese). 22 December 2010. p. A36.
- ^ Shui, Jing 水菁 (7 December 2010). "昌红科技：OA精密模具领先企业" [Changhong Technology: Leading Company in OA Precision Molds]. Securities Daily (in Chinese). p. B4.
- ^ Zhang, Wenxiang 赵琳; Zhao, Lin 张文湘 (10 May 2018). "收购标的3年累计净利仅91万元 昌红科技因"人文关怀"放弃业绩追偿被问询" [Acquired Company Earned Only 910,000 Yuan in Net Profit Over 3 Years. Changhong Technology Questioned for Waiving Performance Compensation Due to "Humanitarian Considerations"]. Securities Daily (in Chinese). p. C1.
- ^ a b Zhang, Wenxiang 赵琳; Zhao, Lin 张文湘 (18 May 2018). "昌红科技年度股东大会门可罗雀仅一名小股东参会" [Deserted Annual Shareholders' Meeting at Changhong Technology. Only One Minority Shareholder Attended]. Securities Daily (in Chinese). p. C2.
- ^ "Huanchang Li Executive Profile on Bloomberg Businessweek". Retrieved 12 June 2014.