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Chin Hung International Inc. (002780)   STOCK
 
Address RM.402,2B-3L,,GEUMGOK-DONG, SEO-GU, INCHEON
Home Page www.chinhung.co.kr
Established 1959. 9. 3 Tel 032-566-0576
Listed 1977. 6.25 IR 02-772-1283
Common shares O/S 135,594,011 President Kim,Yong Jin
Preferred shares O/S 14,200,000 No.of Employees 386(2008. 3)
Firm's sales rose compared to a year earlier, due to sales in the contract sector, despite reduced sales in firm's own construction sector. Firm's operating profit ratio declined, because of rising cost to sales ratio and allowances for bad debts. Amid rapid biz revenue increase, firm's net borrowings soared, deriving from large scale cash outflows, because of slump in APT selling biz.
Though firm is likely to show growth trend thru government's property relief policy, firm's profitability is expected to be limited owing to skyrocketing raw material prices. Firm's growth is projected, thanks to synergy effects with biz connected to Hyusing's construction sector as the firm was acquired by Hyosung. Hyosung became the largest shareholder thru third party-allotted paid in capital increase, and firm's liquidity and financial stability improvement are forecast owing to procurement of fund to acquire CBs.
(date: 2007.12, unit : %)
Name Kuam Development Mir E&C Jin Geonhyeop
Portion 18.0 9.7 1.3
(unit : %)
Sales Contracted Construction 78.2 Cost Raw Materials 22.5
Civil Engineering construction 21.0 Labors 3.6
Overhead 73.8
(Unit : 100Mn.Won,Won)
Year ~06.12 06.12 06.12 07.11 08. 2
Type CB RI RI RI RI
Amount 17.92  35.00  76.45  90.00  296.99