Himile Group posts 3 bln yuan of revenue in 2017

Recently, Shandong Himile Group has released its annual report of 2017.

The report said that the company realized nearly 3 billion yuan of operation income in 2017, year-on-year rising by 14.9%, and 676 million yuan of net profit, year-on-year decreasing 5.83%.

By the end of 2017, the company's total assets reached 4.604 billion yuan, yearly growing 17.52%, and its net assets reached 3.9 billion yuan,yearly rising by 10.55%.

Established in 1995, Himile Group is located in Gaomi City in Shandong Peninsula Blue Economic Zone. Through 21 years stable and healthy growth with an average 50% of CAGR (Compound Annual Growth Rate), Himile has more than 20 subsidiaries so far, including a listed company (stock code 002595), 3 national high-tech enterprises, 4 overseas companies, covering 3,000 acres, staffed with over 10,000 employees, and with total assets nearly 5.4 billion yuan;

Himile has become an internationalized enterprise with three major sectors of top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment, and the products are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and etc.

In 2016, the company realized 2.4 billion yuan of operation income, year-on-year rising by 16.45%, and 38.89% of gross profit ratio, yearly down by 2.9%.