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Xinyi Glass Earns “Best Managed Company” Title In FinanceAsia’s “Asia’s Best Companies Poll 2017”

2017-04-27 10:42:12


(Hong Kong, 27 April 2017) – Xinyi Glass Holdings Limited (“Xinyi Glass” or the “Group”) (stock code: 00868), a leading integrated automobile glass, energy-saving construction glass and high quality float glass manufacturer, announced that it was voted “Best Managed Company” in the Industrials Sector of the “Asia’s Best Companies Poll 2017” conducted by FinanceAsia, a reputable financial magazine in Asia. The accolade is a testament of the Group’s commitment on pursuing excellence in all aspects of corporate management.

 

Since its listing in 2005, Xinyi Glass has been committed to upholding the highest standard of corporate management and achieving sustainable business growth by adopting flexible business strategies and capitalizing on economies of scale and its diverse and high value-added product mix. Especially in 2016, the Group managed to gain an overall outstanding operating result despite the competitive and volatile market environment, with net profit up by 52.1% and net profit margin hitting historical high at 25.0%. Furthermore, the Group made encouraging progress with expanding global presence, enabling it to strengthen leadership in the global glass industry. These achievements are strong evidence of the Group’s tireless efforts in maintaining the best corporate governance and management.

 

Datuk LEE Yin Yee, B.B.S., Chairman of Xinyi Glass, said, “We are deeply honored to have earned the ‘Best Managed Company’ title in the industrials sector, which mirrored the wide recognition we have gained from the region’s financial investment communities. We would like take this opportunity to thank all our investor friends who voted for Xinyi Glass in the poll for their confidence in us. Looking ahead, we will continue to adhere to the best corporate management practices and strengthen ties with the investment communities. On the business front, we will strategically improve production capacities, optimize our product mix and expand our global market footprint, so as to enhance our competitiveness for realizing continuous earnings growth and bringing shareholders the best returns.”

 

Asia’s Best Companies Poll, in its seventeenth consecutive year, is conducted by the leading financial publication FinanceAsia. All of the awards were nominated and voted by institutional investors or analysts from across Asia. Investment professionals are requested to rank companies on key areas including corporate governance and investor relations, etc.

 

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