24 Jun 2018,
  • HSI:
    29,338.70 42.65 (0.15%)
    HSCI:
    11,339.87 -24.79 (-0.22%)
    HKSPLC25:
    37,898.93 11.13 (0.03%)
    HKSPGEM:
    242.85 1.01 (0.42%)
  • HSCEI:
    11,339.87 -24.79 (-0.22%)
    HSCCI:
    4,418.22 18.68 (0.42%)
    HSFML25:
    10,248.66 -22.51 (-0.22%)
    H-FIN:
    17,482.99 -34.08 (-0.19%)
  • Hang Seng Index
  • 29,338.70

  • 42.65 (0.15%)
HSCI 11,339.9 -24.8
HKSPLC25 37,898.9 11.1
HKSPGEM 242.9 1.0
HSCEI 11,339.9 -24.8
HSCCI 4,418.2 18.7
HSFML25 10,248.7 -22.5
H-FIN 17,483.0 -34.1
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Billion Industrial Holdings Limited (02299.HK)

Textiles

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  • Annual Result ...
    2012
  • 2011 Interim ...
    2011
Established in 2003, Billion Industrial Holdings Limited ("Billion" or "the Company") is a leading developer and manufacturer of polyester filament yarns in China. The Company's main products are Drawn Textured Yarn (DTY), Fully Drawn Yarn (FDY), and Partially Oriented Yarn (POY), a majority of which are differentiated with special physical features and functionalities and are widely utilized in the production of high-end fabrics and textiles for various consumer products, including apparel, footwear and home furnishings.

Based in Jinjiang, Billion has a production capacity of over 710,000 tonnes per annum, making it the sixth largest manufacturer in China and largest manufacturer in south China in terms of combined designed capacity of DTY, FDY and POY; and the second largest DTY manufacturer in China and largest DTY manufacturer in south China in terms of designed capacity in 2010...
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Sze Tin Yau - Co-chairman and Executive Director

Mr. Sze Tin Yau is an executive Director, a co-chairman of the Board, a co-founder of the Group, an authorized representative of the Company and a director of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. and Fujian Billion High-tech Material Industrial Co., Ltd.. Mr. Sze is also the chairmen of the nomination committee and the corporate governance committee of the Board, and a member of the remuneration committee of the Board. Mr. Sze has approximately 27 years of experience in the polyester filament yarn industry and is primarily responsible for the overall corporate strategies, planning and business development of the Group. Prior to establishing the Group in 2003, he was the general manager of Fujian Jinjiang Yuhua Garment Industrial Co., Ltd.from March 1990 to April 2000 and was the chairman of the board of directors of Fujian Baikai Textile Chemical Fiber Industry Co., Ltd. from May 2000 to October 2003. He is a founder and shareholder of Billion Wise Industrial Limited and has been the chairman of the board of directors of Billion Wise Industrial Limited since its incorporation in 1996. Mr. Sze was elected and appointed as a member of the 9th and 10th sessions of the Chinese People’s Political Consultative Conference of Fujian Province in 2007 and 2012. He has also been appointed as an executive member of the 8th session of the Standing Committee of Business Association of Fujian Province in July 2002. His other social undertakings include acting as the vice-chairman of the Chamber of International Commerce of Fujian Province and lifelong honorary president of Jinjiang City Charity Federation. He is currently studying Executive Master of Business Administration program in Peking University. Mr. Sze joined the Company in November 2010.

Wu Jinbiao - Chief Executive Officer and Executive Director

Mr. Wu Jinbiao is an executive Director, the chief executive officer of the Company, a cofounder of the Group and a director of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. and Fujian Billion High-tech Material Industrial Co., Ltd.. Mr. Wu is also a member of the corporate governance committee of the Board. Mr. Wu Jinbiao has approximately 32 years of experience in the differentiated polyester filament yarn industry and is primarily responsible for the daily operations of the Group. Prior to establishing the Group in 2003, Mr. Wu Jinbiao is also a founder and shareholder of Billion Wise Industrial Limited and has been a director of Billion Wise Industrial Limited since its incorporation in 1996. He was the deputy general manager of Fujian Jinjiang Yuhua Garment Industrial Co., Ltd. from May 1985 to April 2000 and was the executive director and general manager of Fujian Baikai Textile Chemical Fiber Industry Co., Ltd. from May 2000 to October 2003. Mr. Wu Jinbiao was elected and appointed as a member of the 11th session of the Standing Committee of the Chinese People’s Political Consultative Conference of Jinjiang City and a committee member of the Political Consultative Conference of Quanzhou City, Fujian Province. He was recognised as an Advanced Individual of Textile Industry of Fujian Province on 26 February 2007. Mr. Wu Jinbiao is also the honorary president of Jinjiang City Charity Federation. He is currently undertaking a Tsinghua University business administration program organised by Yangtze Delta Region Institute of Tsinghua University. Mr. Wu joined the Company in November 2010.

Zeng Wu - Co-chairman and Non-executive Director

Mr. Zeng Wu has over 24 years of experience in business and project management. In December 1992, Mr. Zeng joined China Energy Conservation Investment Corporation (formerly known as State Energy Investment Company Energy Conservation Company and served as a project manager of the technology development department. In May 1994, he was transferred to project team number 2 and served as a project manager and senior engineer. In January 1995, he was transferred to the consultancy department and served as a supervisor and senior engineer. In October 2002, he joined China Energy Conservation Lantian Investment Advisory Management Company Limited and served as the chairman of the board. In February 2006, he joined China Energy Conservation Lantian Investment Advisory Management Company Limited as the general manager, and was subsequently appointed as the chairman of the board of China Energy Conservation Lantian Investment Advisory Management Company Limited in January 2008. Mr. Zeng is currently the supervisor of the strategic management department and assistant to general manager of Chongqing Industry Co., Ltd since May 2011 and March 2015 respectively. Mr. Zeng has also been appointed as a non-executive director of CECEP COSTIN New Materials Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, on 6 June 2016.

Mr. Zeng was awarded a bachelor’s degree in ferrous metallurgy and a master’s degree in metallurgical thermal engineering from Northeastern University (formerly known as Northeastern Institute of Technology in July 1983 and March 1987, respectively.

Wu Zhongqin - Executive Director

Mr. Wu Zhongqin joined the Group in April 2011. Mr. Wu served as the manager of the External Relations Department of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd.. from April 2011 to September 2012 and was promoted to be the assistant to the chairman of the Company in October 2012. Mr. Wu was appointed to non-executive director on 19 March 2014 and was re-designated to executive director on 19 May 2017. Mr. Wu was appointed as a committee member of the 12th session of the Political Consultative Conference of Jinjiang City in 2012. Mr. Wu was also an officer of the sales department of Xiamen Chinese Cuisine Trading Limited from August 2009 to March 2011. He graduated from the East China University of Science and Technology in July 2009 with a bachelor’s degree in finance.

Chan Shek Chi - Independent Non-executive
Director

Mr. Chan Shek Chi was appointed as an independent non-executive Director on 26 May 2014. Mr. Chan is also the chairmen of both the audit committee and the remuneration committee of the Board, and a member of the nomination committee of the Board. Mr. Chan has extensive experience and knowledge in auditing and accounting. Mr. Chan joined Cheng & Cheng Limited, CPA, in January 2004 and has been an audit partner there since January 2012. Prior to that, he worked as an accountant and assistant manager of KPMG in Hong Kong from September 1999 to January 2003.

Mr. Chan graduated from the University of Cambridge with a bachelor’s degree in mathematics in June 1999. He also obtained a master of arts degree from the same university in May 2003. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants and a certified tax adviser of the Taxation Institute of Hong Kong.

Liu Jingui - Executive Director

Mr. Liu Jingui has over 20 year of experience in finance and management. He is currently the head of the Finance Department of China Environmental Protection Group Co., Ltd., and has served as vice president and deputy general manager at subsidiaries of China Environmental Protection Group Co.,Ltd. since he joined China Environmental Protection Group Co., Ltd. in July 2012. Prior to joining China Environmental Protection Group Co., Ltd., Mr. Liu was the chief financial officer of Hanwang Manufacturing Co., Ltd. from May 2011 to July 2012; a senior manager of the finance department at China Energy Conservation Technology Investment Company Limited and the deputy general manager and chief financial officer of a subsidiary of China Energy Conservation Technology Investment Company Limited from June 2010 to May 2011; a senior manager responsible for financial management at various departments in Beijing Siemens Ceberus Electronics Ltd. from November 2005 to June 2010; a business manager at Siemens Shanghai Mobile Communications Co., Ltd. from December 2000 to September 2005; and various positions in the finance and accounting departments at Nongfu Shanquan Co., Ltd and its subsidiaries from June 1996 to December 2000. Mr. Liu graduated from Tsinghua University with a master’s degree in business administration degree in June 2006 and from Zhejiang College of Finance and Economic with a bachelor’s degree in accounting in June 1996.

Mr. Liu graduated from Tsinghua University with a master’s degree in business administration degree in June 2006 and from Zhejiang College of Finance and Economic with a bachelor’s degree in accounting in June 1996; and obtained the qualification of a PRC Certified Public Accountant (as a non-practising member).

Ma Yuliang - Independent Non-executive
Director

Mr. Ma Yuliang was appointed as an independent non-executive Director on 31 March 2011. Mr. Ma is also a member of both the audit committee and the remuneration committee of the Board. Mr. Ma is currently retired. He was appointed as the division chief of No. 4 Division of the Reforming Bureau of State Economic Commission in 1987, the deputy head of Textile Industry Department Reforming Section in 1988 and an officer of Economic and Trade Department of the Textile Association of China in 1998. Mr. Ma was an independent director of Jilin Chemical Fiber Co., Ltd., a company listed on the Shenzhen Stock Exchange, from 2001 to 2008, and Zhejiang Furun Co., Ltd., a company listed on the Shanghai Stock Exchange, from 2002 to 2008. He obtained a bachelor’s degree in management engineering from Jilin University of Technology currently known as Jilin University, in 1963. Mr. Ma was accredited as a senior engineer by Bureau of Personnel, State Economic and Trade Commission in 1988.

Lin Jian Ming - Independent Non-executive
Director

Mr. Lin Jian Ming, aged 56, was appointed as an independent non-executive Director on 31 March 2013 and has also been a member of both the audit committee and the nomination committee of the Board since 19 March 2014. Mr. Lin has many years of experience in education and research. He was a graduate of Huaqiao University. He was also a visiting scholar of the Chinese University of Hong Kong in 1995. He also received a doctorate degree from the Tianjin University in 2002.

Mr. Lin is a professor and doctorial tutor of the Department of Materials Science and Engineering of Huaqiao University, and a director and researcher of the Institute of Materials Physical Chemistry of Huaqiao University. He is also a director of the Optical Society of Fujian, a director of the Fujian Chemical Society, and a deputy executive director of the Chemistry and Chemical Engineering Society of Quanzhou. He received the Youth Science and Technology Award in Quanzhou in 2006.

Wu Jianshe - Vice President

Mr. Wu Jianshe is a vice president of the Company and a director of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. and Fujian Billion High-tech Material Industrial Co., Ltd.. Mr. Wu has more than 30 years of experience in the textile industry. He joined the Group upon its establishment in 2003 as a director of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. and has been primarily responsible for sales and marketing of the Group. Prior to joining the Group, from May 1985 to April 1998, he was the general business manager of Jinjiang Longhu Henglong Zip Textile Co., Ltd.. He was also the sales manager of Fujian Jinjiang City Hengxinglong Polyester Co. Ltd. from May 1998 to August 2003. Mr. Wu Jianshe is currently studying a MBA program in Huaqiao University. Mr. Wu joined the Company in November 2010.

He Wenyao - Vice President

Mr. He Wenyao is a vice president of the Company and a director of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. and Fujian Billion High-tech Material Industrial Co., Ltd.. Mr. He has approximately 27 years of experience in the textile industry. He joined our Group upon its establishment in 2003 and has been primarily responsible for procurement of raw materials, formulating the budget, market research, cost control management and logistics arrangement for our Group. Prior to joining our Group, he was the deputy general manager of Shishi City Yaofu Garment and Knitting Co., Ltd. from June 1988 to September 2003. He is currently studying a MBA program in Huaqiao University.

Ye Jingping - Vice President and Senior Engineer

Mr. Ye Jingping is a vice president of the Company and a senior engineer. He has approximately 34 years of experience in polyester filament yarn industry and is primarily responsible for our overall product manufacturing and research and development. He joined the Group in 2003. Prior to joining the Group, he was a technician, engineer, workshop manager and deputy general manager of Xiamen Chemical Polyester Factory from August 1983 to May 2000. Mr. Ye graduated from the Faculty of Textile Chemical Engineering of East China Institute of Textile Engineering, currently known as Donghua University, majored in chemical fiber, in July 1983. Mr. Ye was accredited as the Model Worker in Quanzhou in April 2006 and as the advanced worker for technology development in light textile industry by Fujian Province Light Industry Bureau in 1993. He achieved the second award for science and technology progress by his program named trial-manufacture of polyester lan cable in 1988.

Wang Jin Yu - Vice President

Mr. Wang Jinyu is a vice president of the Company. He has approximately 20 years of experience in polyester filament yarn industry. He participated in the operation of Fujian Billion Polymerisation Fiber Technology Industrial Co., Ltd. Since its establishment in 2003 and has been an assistant to the chairman since joining. Prior to joining the Group, he worked as the assistant to the chairman of the board of directors in Fujian Baikai Textile Chemical Fiber Industrial Co., Ltd. from March 2003 to October 2003. Mr. Wang worked as the head of the Public Relations Department of Jinxing (Fujian) Fiber Textile Industry Co., Ltd. from February 1998 to February 2003. Mr. Wang is currently studying a MBA program in Peking University HSBC Business School.

Lai Wai Leuk - Chief Financial Officer and Company Secretary

Mr. Lai Wai Leuk joined the Group in October 2013 and is the chief financial officer, the company secretary and one of the authorized representatives of the Company. Mr. Lai has more than 17 years of experience in auditing and accounting. Prior to joining the Group, he served as the chief financial officer of Aujet Industry Limited from May 2012 to August 2013. He also served successively as accountant, assistant manager and manager of KPMG from January 2004 to October 2009. Mr. Lai was transferred to KPMG Advisory (China) Limited from November 2009 to May 2012 and was a senior manager at the time of leaving. From May 2000 to January 2004, Mr. Lai worked at Fung, Yu & Co., Certified Public Accountants. Mr. Lai received his bachelor’s degree of commerce majoring in accountancy from the University of Wollongong in Australia in December 1999 and obtained the Master of Corporate Governance from The Hong Kong Polytechnic University in September 2017. Mr. Lai is a member of Hong Kong Institute of Certified Public Accountants and an associate member of The Hong Kong Institute of Chartered Secretaries.

Xu Xiaofeng - Financial Manager

Mr. Xu Xiaofeng joined our Group in August 2004 and is the finance manager. Mr. Xu is primarily responsible for the daily finance-related work of our Group. Prior to joining the Group, he worked at the Finance Department of Fujian Jinjiang Hongyu Coating Knitting Co., Ltd. from October 1997 to June 2004. Mr. Xu obtained his diploma in banking accounting in June 1997 from Fuzhou University. He was also qualified as a Medium Level Accountant of the PRC in December 2003 and was qualified as a Senior Level Accountant of the PRC in September 2015.

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COMPANY INFORMATION

Listed Date 18 May 2011

Address Room 1501, 15/F, Office Tower Convention Plaza
No.1, Harbour Road,
Wanchai, Hong Kong

Telephone (852) 3171 9999

Facsimile (852) 3174 9999

Email baihong@baihong.com

No. of Click Rate

214165