Name of Company
FULL
APEX (HOLDINGS) LIMITED.
Chairman
Statement
A Year in Review
We have been steadily improving our topline results since our listing. For FY2005, we registered a turnover growth of 10.2% to RMB909.1 million, driven mainly by higher sales of cold and hot-filled PET bottles used for carbonated beverages and non-carbonated beverages as a result of increased production capacity from our new plants in Tianjin, Shenzhen, Jiedong and Zhangjiang.
However, our bottomline continued to be affected by rising raw material costs. As a result, the Group's gross profit margin declined from 29.6% in FY2004 to 27.4% in FY2005. Our production capacity expansion programme during the year also resulted in additional depreciation and amortization charges.
Coupled with the expiry of a 50% income tax relief granted to a subsidiary of the Group at the end of FY2004, the Group reported a marginal decline in net profit attributable to shareholders from RMB 145.4 million in FY2004 to RMB 144.1 million in FY2005.
Corporate Milestones
1996 Estabilished Nanhai Huaxiang Packing Co,. Ltd (NHP) to manufacture and sell corrugated paper
packaging products.
1999 Awarded ISO 9002 certificate for NHP.
Set up first PET bottle company Chengdu Full Apex Packing Vessel Co,.Lt.
Received certificate from Coke to supply PET bottles.
Received certificate from Pepsi to supply PET bottles in China Market.
Management
Mr Guan Lingxiang
Chairman & Managing Director
Mr Guan Lingxiang is the Chairman and Managing Director and one of the founders of the
Group.He is responsible for the Group business strategies and policies. Mr Guan
developed his expertise in business management based on his knowledge and experience
gained from working in the corrugated paper packaging products industry for more than
20 years. Prior to founding the Group, Mr Guan managed a corrugated paper packaging
products plant under a management and operation arrangement with Nan Fang Paper
Industries Co. (＾Nan Fang￣) for five years.
Group
Structure
Equipped
with solid production managing system and professional staff,
Full Apex has developed a strong business foundation. In 1999,
Full Apex was awarded the ISO 9002 certification for its quality
assurance. High standard management of ISO 9002 Quality Control
System is implemented into every single process, from procurement
of raw material to delivery of products. This has been assuring
the quality of each product and enables us to gain trust from
our customers.
Awards
2002 Appreciation Award for ＾Work Excellence and Superior Project Support￣Issued by
Smurifit-Stone Packaging Solution Centers in July 2002.
2001 Chengdu Full Apex Vessel Co,. Ltd was awarded the Certificate of Merit for
＾Excellence Prize for Enterprises with Foreign Investment in 2000 : in
Chengdu Gaoxin District.
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