18 Aug 2017,
  • HSI:
    27,344.22 -64.85 (-0.24%)
    HSCI:
    10,801.42 -16.46 (-0.15%)
    HKSPLC25:
    35,107.87 -41.73 (-0.12%)
    HKSPGEM:
    266.36 0.19 (0.07%)
  • HSCEI:
    10,801.42 -16.46 (-0.15%)
    HSCCI:
    4,255.40 -9.85 (-0.23%)
    HSFML25:
    9,345.43 3.18 (0.03%)
    H-FIN:
    17,429.71 -24.97 (-0.14%)
  • Hang Seng Index
  • 27,344.22

  • -64.85 (-0.24%)
HSCI 10,801.4 -16.5
HKSPLC25 35,107.9 -41.7
HKSPGEM 266.4 0.2
HSCEI 10,801.4 -16.5
HSCCI 4,255.4 -9.9
HSFML25 9,345.4 3.2
H-FIN 17,429.7 -25.0
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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 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 23 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 (“Billion H.K.”) and has been the chairman of the board of directors of Billion H.K. since its incorporation in 1996. Mr. Sze was elected and appointed as a member of Chinese People’s Political Consultative Conference of Fujian Province for the 9th and 10th sessions in 2007 and 2012. He has also been appointed as an executive member of Standing Committee of Business Association of Fujian Province in July 2002. His other social undertakings include 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 has more than 28 years of experience in the differentiated polyester filament yarn industry and is primarily responsible for the daily operation of the Group. Prior to establishing the Group in 2003, Mr. Wu is also a founder and shareholder of Billion Wise Industrial Limited (“Billion H.K.”) and has been a director of Billion H.K. since its incorporation in 1996. Also, 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 was elected and appointed as a member of Standing Committee of the Chinese People’s Political Consultative Conference of Jinjiang City for the 11th session 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 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.

Wang Li - Executive Director

Mr. Wang has over ten years of experience in the environmental protection industry. He was appointed to the Board on 15 July 2015. From 2002 to 2005, Mr. Wang served as an executive deputy general manager of Tianjin Guohuan Company* (天津國環公司, the president of Tianjin Construction Shale Company* (天津建工頁岩公司) as well as the chairman and general manager of Hebei Guoneng New Material Company* (河北國能新型材料公司. From 2005 to 2012, Mr. Wang served as the deputy general manager of CECEP New Material Investment Co., Ltd.* (中節能新材料投資有限公司). From 2006 to 2009, Mr. Wang served as the chairman and general manager of Fujian Guoneng Company* (福建國能公司. In 2012, Mr. Wang served as the deputy supervisor of Cooperation and Development Department of China Energy Conservation and Environmental Protection Group* (中國節能環保集團公司. China Energy Conservation and Environmental Protection Group is an indirect holding company of Hong Kong (Rong An) Investment Limited, a controlling shareholder of the Company. From 2013 to 2015, Mr. Wang served as the deputy general manager of CECEP Industrial Energy Conservation Co., Ltd.* (中節能工業節能有限公司) as well as the general manager and party branch secretary of CECEP Central China Industry Development Co., Ltd.* (中節能華中實業發展有限公司). He is currently an executive director of Hong Kong (Rong An) Investment Limited and the chairman of CECEP Chongqing Industry Co., Ltd* (重慶中節能實業有限責任公司), both of which are controlling shareholders of the Company. Mr. Wang has also been serving as an executive director of CECEP COSTIN New Materials Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 2228.HK), since 1 July 2015. Mr. Wang graduated from Changchun Tax Institute (長春稅務學院) in business administration in 2005.

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.* (中國環境保護集團有限公司), 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.* (漢王制造有限公司)from May 2011 to July 2012; a senior manager of the finance department at China Energy Conservation Technology Investment Company Limited*(中節能環保科技投資有限公司)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. (北京西門子西伯樂斯電子有限公司)from November 2005 to June 2010; a business manager at Siemens Shanghai Mobile Communications Co., Ltd. (上海西門子移動通訊有限公司)from December 2000 to September 2005; and various positions in the finance and accounting departments at Nongfu Shanquan Co., Ltd.* (農夫山泉股份有限公司)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(浙江財經學院) with a bachelor’s degree in accounting in June 1996.

Zeng Wu - Co-chairman and Non-executive Director

Mr. Zeng Wu was appointed to the Board on 06 June 2016. Mr. Zeng has over 23 years of experience in business and project management. In December 1992, Mr. Zeng joined China Energy Conservation Investment Corporation*(中國節能投資公司)(formerly known as State Energy Investment Company Energy Conservation Company*(國家能源投資公司節能公司)) 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 consultancy department and served as a supervisor and senior engineer. In October 2002, he joined China Energy Conservation Lantian Investment Advisory Management Company Limited*(中節藍天投資諮詢管理有限公司)and served as the chairman of the board. In February 2006, he joined China Energy Conservation Technology Investment Company Limited*(中節能環保科技投資有限公司)as the general manager, and was subsequently appointed as the chairman of the board of China Energy Conservation Technology Investment Company Limited in January 2008. Mr. Zeng is currently the supervisor of the strategic management department and assistant to general manager of China Energy Conservation and Environmental Protection Group *(中國節能環保集團公司)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 (stock code: 2228.HK) 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(東北大學)(formerly known as Northeastern Institute of Technology*(東北工學院)) in July 1983 and March 1987, respectively.

Wu Zhongqin - Non-executive Director

Mr. Wu Zhongqin joined the Group in April 2011 and was appointed to the Board on 19 March 2014. 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 he was promoted to the assistant to the chairman of the Company in October 2012. Mr. Wu was appointed as a committee member of the Political Consultative Conference of Jinjiang City for the 12th session 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 with a bachelor’s degree in finance in July 2009.

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 chairmen of 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.

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 members of the audit committee and the remuneration committee of the Board. Mr. Ma is currently retired and was appointed the deputy head of Textile Industry Department Reforming Section in 1988 and was appointed as an officer of Economic and Trade Department of the Textile Association of China in 1998, respectively. Mr. Ma was appointed the division chief of No. 4 Division of the Reforming Bureau of State Economic Commission in 1987. 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 was appointed as an independent non-executive Director on 31 March 2013 and has also been a member of 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 the Head of the Department of Materials Science and Engineering of Huaqiao University; and the director, researcher and professor 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 Optical Branch of Fujian Physical Society, 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. (“Billion Fujian”) and Fujian Billion High-tech Material Industrial Co., Ltd.. Mr. Wu has more than 28 years of experience in the textile industry. He joined the Group upon its establishment in 2003 as a director of Billion Fujian 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 Master of Business Administration 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 24 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 Master of Business Administration 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 30 years of experience in polyester filament yarn industry and is primarily responsible for our overall product manufacture 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 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 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 16 years of experience in polyester filament yarn industry. He participated in the operation of Billion Fujian 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 public relations department in Jinxing (Fujian) Fiber Textile Industry Co., Ltd. from February 1998 to February 2003. Mr. Wang is currently studying Master of Business Administration 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 thirteen years experience in auditing and accounting. Prior to joining the Group, he served as 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 major in Accountancy from the University of Wollongong in Australia in December 1999. Mr. Lai is a member of Hong Kong Institute of Certified Public Accountants.

Xu Xiaofeng - Financial Manager

Mr. Xu Xiaofeng joined our Group in August 2004 and is the financial manager. Mr. Xu is primarily responsible for daily finance related work of our Group. Prior to joining the Group, he was working at the financial 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.

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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

147476