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Hong
Kong Ri sheng Hang
Hong Kong Ri sheng Hang Co., ltd is the subsidiary company
of Chen chang International in Hong Kong. It was set up in
1989. As an investment and
holding company, it has invested many times in Hong Kong and
in the mainland China. Chen Chang International is a very
famous company in Malaysia, and comes into the stock market
in Singapore and Kuala Lumpur. Its paicl-up capital is 3.36
hundred millions and its total capital is over 10 hundred
millions with the staff of 5,500. Its branches are all over
Singapore, Malaysia, Hong Kong and Australia with the turnover
of 20 hundred millions. Malaysia AUTO PARTS MANUFACTURERS
is a member of Chen Chang motor, and its advantage is auto
parts' design and manufacture such as auto air-conditioning,
auto seats and airproof strips, and decoration strips.
Xiamen Motor Co., Ltd
Xiamen
Motor Co., Ltd was established in 1988, and was changed to
system of shares in 1992. It issued its stock " Xiamen
Motor" in Shanghai Stock Exchange in 1993. The company
now has the total capital stock of 151 million Yuan and the
total assets of 1.4 billion Yuan.
Xiamen Motor Co., Ltd specializes in producing and selling
heavy, medium and light buses. During the past 15 years, it
has invested to set up many bus manufacturers, including Xiamen
Golden Dragon Van Co., Ltd, Xiamen King Long United Automotive
Industry Co., Ltd, Xiamen Golden Dragon Bus Co., Ltd, and
other automobile parts manufacturing factories for producing
bus body, electric appliance, seat, rubber-plastic and punching
part of Golden Dragon bus. With heavy, medium and light buses
of "Golden Dragon" and "Jinlu" as its
¡¡main products, it has formed a production system of manufacturing
complete buses and bus parts in Xiamen.
In 2003, the company achieved the total gross industry output
value of 7.09 billion Yuan and the sales of 6.69 billion Yuan
respectively. Its synthetical index of industrial economic
benefit has ranked high for many years in the same industry,
and its sales of heavy buses has been successively listed
in the first place for four years, whose market share is about
38 percent in 2003.
The Xiamen Golden Dragon Van Co. Ltd
The
Xiamen Golden Dragon Van Co. Ltd was founded in 1992 as a
joint venture between the Xiamen Automobile Co. Ltd and foreign
investors. The company has premises with a total area of 35
hectares, of which 150,000 square metres is workshop, and
assets of 1.5 billion RMB and a staff of 1600, 25% of whom
are qualified technicians. The company has adopted a pyramid-style
organisation and its technological foundation and marketing
skills are up to international standards.
Golden Dragon produces 8 series of vans and coaches, ranging
from 4 to 12 meters in length and seating from 5 to 55 passengers.
In its 10 years of existence, Golden Dragon has won a number
of awards for engineering quality, and for tax or business
credit contributions. In 2003, Golden Dragon was awarded its
"China Compulsory Certificate", and has won such
awards as the "BAAV Year 2002 World's Most Environmentally
Friendly Coach" and the "BAAV Year 2002 World's
Best Tourist Coach" at Bus world Asia in Shanghai.
The company's sales revenues in 2003 came to USD400million.
It led the country with an average annual growth of 50% over
the previous five years, and in overall competitive terms
Golden Dragon ranked second in China in 2002.
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