Company Name: China Architectural Engineering, Inc
Stock Market: CAEI
Industry Sector: Engineering Services
Market Capitalisation: $460.4 million (as of August 11, 2008)
Yearly Revenue: $86.6 million (as of December, 2007)
Operating Income: $16.5 million
Net Income: $12.03 million
Total Assets: $95.7 million
Key People: Luo Ken Yi (Chief Executive Officer, Chief Operating Officer and Chairman of the Board/Principal Executive Officer), Xinyue Jasmine Geffner (Chief Financial Officer/Principal Financial and Accounting Officer), Tang Nianzhong (Vice General Manager and Director), Ye Ning (Vice General Manager and Director)
Headquarters Address: 105 Baishi Rd., Jiuzhou West Ave., Zhuhai 519070 People’s Republic of China Number of Employees: 328 full-time; 4 part-time; 332 part-time/on-site
Website Address: www.caebuilding.com
Company Overview
China Agricultural Engineering, Inc. concentrates on the fabrication of high-class, curtain-wall structures (stone, glass, and metal), steel construction systems, roofing systems, eco-energy infrastructure conservation methods, and similar products for real estate and public works projects. The company supplies on-time, reliable, high-quality, cost effective and fully integrated solutions to meet the needs of clients for specialised technical proficiency in the engineering, design, construction and fabrication of outer structural cladding systems. The company’s strength along with strict competition are backed up by its strong reputation, good track record, tight relationships with commercial and government clients, and its ability to materialise the outlook of architects. China Agricultural Engineering, inc. believes that, through innovation and outsourcing, they can uplift the industry by offering cost-effective products with creativity and efficiency.
The Chinese economy is continuing to grow, especially its construction industry, which includes the public and commercial work sectors. As the building and infrastructures in the area become more complex, the need for the appropriate tools and solutions also increase in demand. These construction developments are greatly needed in education, social welfare, social and business areas. At the moment, China is also in significant need of structures including museums, libraries, exhibition halls, planetariums, science centres and stadiums. The company’s technology also correlates with local and international organisations in order to produce commercial and public buildings that will not conserve large amounts of energy and fuel, and that supports environmental concerns.
The company’s global market includes the Macau, Dubai (UAE), Hong Kong, Doha (Qatar), Australia and North America. The company has also made arrangements to enter the markets of Eastern Europe and Central Asia.
Current Financial Overview
China Architectural Engineering, Inc obtained Techwell Engineering Ltd., Techwell Building Systems Ltd. and Techwell International Ltd. in November 2007. The transaction cost the company about $11.7 million. Two of the companies acquired are located in Macau and Shenzhen, which is part of the company’s strategy for business development.
As of December 31, 2007, the company’s contract revenues earned $86.6 million, an increase of 37%. During the same period, the company earned a gross profit of $22.3 million, an increase of 34%. The company’s net income increased 96% to $12.03 million from $6.15 million in 2006.
To achieve the main objective of the company, to become the ultimate choice for local and international developers, architects, contractors and government clients, it aims to concentrate on innovating its services, supplying integrated service solutions, utilising its reputation and brand, and extending its operations in China and international markets.
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