HONG KONG, Aug 6, 2014 - (ACN Newswire) - Dongpeng Holdings Company Limited ("Dongpeng" or the "Company" and, together with its subsidiaries, the "Group", Stock Code: 3386), the largest ceramic tile company in China, is pleased to announce based on the preliminary review of the unaudited management accounts and information currently available to the Board, the Group is expected to record an increase of over 40% in the consolidated net profit for the six months period ended 30 June 2014 (the "Period") as compared to the same period in 2013. Such increase was mainly attributable to sales volume increase and product mix optimization as well as further improvements in the Company's operational efficiency and cost control practices.
Mr. He Xinming, the Chairman of Dongpeng said, "Stepping into 2014, China economy maintained a stable growth while the macro-economy still faces some uncertainties. Against this backdrop, we are very pleased to achieve substantial growth through the leadership of our experienced management and relentless effort of our staff. After being listed on The Stock Exchange of Hong Kong last year, we have been in the MSCI Global Small Cap Indexes, and have further expanded in mid-to-high-end sanitary ware market through the acquisition of 62% equity interests of Guangzhou Yinai Sanitary Products Co., Ltd.. Looking forward, we will continue to solidify our leading market position by leveraging on our leading "Dongpeng" brand, extensive sales network, differentiated products, efficient logistics system and highly dedicated team. Meantime, we will allocate more resources to online sales channel development to capture the ample business opportunities in the emerging online consumer sector, so as to bring greater momentum to the Group's overall business growth and maximize returns for shareholders."
About Dongpeng Holdings Company Limited
Dongpeng Holdings Company Limited is the largest ceramic tile company in China with leading market share in high-end ceramic tiles market in China. Dongpeng designs, develops, produces, markets and sells a wide variety of ceramic tile and bathroom products sunder the "Dongpeng" brand, which has been recognized as the most valuable brand in the industry among China's 500 Most Valuable Brands by the World Brand Laboratory for eight consecutive years. Dongpeng manages an extensive nationwide sales network 1,609 retail outlets covering over 500 cities across China. Its products are also sold in 66 countries worldwide. Leveraging on its strong innovation and development capabilities, advanced SAP system and extensive nationwide sales network, Dongpeng will continuously strengthen its brand recognition, optimize its sales network, enhance its product mix and expand its bathroom products business, so as to solidify its leading market position. Dongpeng was included in MSCI Global Small Cap Indexes - China on May 30, 2014, which is an important recognition of Dongpeng as a leading company in China's ceramic tile industry.
Issued by Porda Havas International Finance Communications Group for and on behalf of Dongpeng Holdings Company Limited.
Source: Dongpeng Holdings Company Limited
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