22 Jul 2019,
  • HSI:
    28,542.59 -222.81 (-0.77%)
    HSCI:
    10,841.29 -68.12 (-0.62%)
    HKSPLC25:
    36,760.92 -317.89 (-0.86%)
    HKSPGEM:
    96.14 0.16 (0.17%)
  • HSCEI:
    10,841.29 -68.12 (-0.62%)
    HSCCI:
    4,422.51 -32.05 (-0.72%)
    HSFML25:
    9,502.39 -67.89 (-0.71%)
    H-FIN:
    16,765.58 -160.13 (-0.95%)
  • Hang Seng Index
  • 28,542.59

  • -222.81 (-0.77%)
HSCI 10,841.3 -68.1
HKSPLC25 36,760.9 -317.9
HKSPGEM 96.1 0.2
HSCEI 10,841.3 -68.1
HSCCI 4,422.5 -32.1
HSFML25 9,502.4 -67.9
H-FIN 16,765.6 -160.1
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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.

Mr. Zhang Shengbai - Non-Executive Director

Mr. Zhang Shengbai has over 20 years of experience in the energy industry. He has been mainly engaged in the sales, investment, strategic planning and management of companies. He received a master degree in business administration from Southwest Jiaotong University* (西南交通大學) in 2002.

Mr. Zhang joined Chongqing China Energy Conservation Co., Ltd.* (重慶中節能實業有限責任公司) in March 2007 and was promoted as the chairman and general manager in January 2019. He has been the general manager of Hefei Shikai Bus Natural Gas Co., Ltd.* (合肥施凱公交天然氣有限公司) from September 2005 and since February 2015, he has become the chairman as well. He was also the head of the strategy department of New Hope Group Co., Ltd.* (新希望集團有限公司) from October 2003 to September 2005, the deputy head of the strategy department of D’Long International Strategic Investment Company* (德隆國際戰略投資公司) from January 2003 to October 2003, the deputy manager of the investment and development department of New Hope Agriculture Co., Ltd.* (新希望農業股份公司) from January 2001 to January 2003, the sales manager of Chengdu Tieshan Kegongmao Development Co., Ltd.* (成都鐵山科工貿實業開發公司) from July 2000 to January 2001, and an assistant engineer of The First Corporation of the Fourth Engineering Division of the Ministry of Railways* (鐵道部第四工程局一公司) from August 1997 to July 2000.

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.

Lin Jian Ming - Independent Non-Executive Director

Mr. Lin Jian Ming served as an independent non-executive Director from 31 March 2013 to 27 December 2018 and a member of both the audit committee and the nomination committee of the Board from 19 March 2014 to 27 December 2018.

Mr. Lin has many years of experience in education and research. He was a graduate of Huaqiao University* (華僑大學). 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* (天津大學) 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* (福建省光學學會), a director of the Fujian Chemical Society* (福建省化學學會), and a deputy executive director of the Chemistry and Chemical Engineering Society of Quanzhou* (泉州市化學化工學會). He received the Youth Science and Technology Award* (青年科技獎) in Quanzhou in 2006.

Mr. Shih Chun Pi - Independent Non-Executive Director

Mr. Shih Chun Pi has over 40 year of experience in the textile industry. He has been mainly engaged in the production technology, sales promotion and management in the textile industry, spreading his experience across fabric production, technology development, as well as supply chain management and sales market development of the garment factory. He is also adept in production planning and production operation model of the textile industry.

Mr. Shih was the deputy general manager of a textile company Hong Kong Fen Hong Limited * (香港汾泓有限公司) from October 2011 to May 2018, the sales manager of Hong Kong Ming Feng Textile Factory* (香港明豐製衣廠) from October 1992 to September 2011, the assistant plant manager of Hong Kong Gee Cheung Knitting Factory Limited* (香港志祥針織有限公司) from November 1986 to September 1992 and a technician of Hong Kong Da Xing Textile Factory Limited* (香港大興織造公司) from November 1978 to October 1985. Before his relocation to Hong Kong in November 1978, he worked as a technician in Fujian Jinjiang Xinghua Textile Co., Ltd* (福建晉江市興華針織實業有限公司) from November 1974 to October 1978.

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

278615