Comprehensive Overview

The group manufactures and sells PHC pipes and commercial concrete in China. Its manufacturing plant is located in Qidong City, Nantong, Jiangsu Province. The Group's products are mainly sold to real estate developers and construction companies in Jiangsu Province. PHC pipes are widely used on construction sites for civil infrastructure works, and commercial concrete is a basic building material that needs to be applied to almost all construction projects. According to Frost & Sullivan's report, in 2018, the group accounted for about 2.7% and 3.2% of the market share of Jiangsu Province based on PHC's production and sales revenue, ranking sixth in Jiangsu Province; in terms of commercial concrete production and sales revenue, the group segment accounted for about 0.1% and 0.2% of the market share of Jiangsu Province.

Risk Factors

Since the Group's PHC pipes and commercial concrete are mainly sold in Jiangsu Province, demand for the Group's products mainly depends on the activity and growth level of the construction industry in Jiangsu Province. The slowdown in economic growth in Jiangsu Province or the decline in the construction industry in Jiangsu Province may affect market demand for group products, which in turn will have a significant adverse impact on its operating performance.