China Company Report -- Sinoma International Engineering Co., Ltd

China Company Report -- Sinoma International Engineering Co., Ltd

Sinoma International Engineering (Sinoma International) was founded in December 2001. And it is a public company listed in Shanghai Stock Exchange. (Stock Code: 600970.SH).

In 2007 Sinoma International achieved RMB12.371 billion of the main business income, an increase of 32 per cent year-on-year, the growth rate reached 71 per cent, has been successive three years over 50 per cent annual growth, three years compound annual growth rate was 73.42 per cent; A total profit of RMB 598 million, an increase of 22 per cent year-on-year, RMB 254 million of net profit took by the parent company, an increase of 4.3 per cent year-on-year.

According to FLS annual report, in terms of the new contracted capacity, Sinoma International took 24 per cent of the overseas market share in 2007, behind the No.1 FLS which took 29 per cent market share; if statistics include China's market share and in the new global cement projects, in fact, Sinoma International would be NO.1.

The current eight 10,000 tpd cement production lines around global have completed, amid five are developed, designed, manufactured and built by Sinoma International, and another three uncompleted 10,000 tpd cement production lines have built up by Simona International as well. Since contracted SPCC project with Saudi in the end of 2004, Sinoma International have undertaken seven 5,000 tpd cement production lines, the total amount of over $1.5 billion, has become a leading enterprise in the world fastest growth region of cement.

In the early 2008, Sinoma International announced that singed seven 6000 tpd cement production lines based on EPC with the total contract value of $1.6 billion with Nigeria’s Dangote, also signed another framework agreement of four 6000 tpd and two 3000 tpd cement production lines with the total value of $1.1772 billion. Moreover, in April, the Vietnamese and Russian projects (a total of $370 million) were also singed. The total value of overseas projects of 2008 is at least RMB 20 billion currently.

Contents

1 Sinoma International
1.1 Brief of Sinoma International
1.2 Main Business
1.2.1 General contracting of Cement construction
1.2.2 Design of Cement construction
1.2.3 Manufacture of Cement equipment
1.2.4 Construction of cement production line

2 Performance of 2007
2.1 The stable growth of business
2.2 The decline of gross profit ratio
2.3 The decreasing of expenditure charges

3 Market
3.1 Domestic market
3.2 International market


Figure Index

The income of cement project design of Sinoma International 2002-2007
The income of cement equipment manufacture of Sinoma International 2002-2007
The income of cement project construction of Sinoma International 2002-2007
The growth of Sinoma's main business revenue 2001-2007
The growth of equipment section 2005-2007
The growth of overseas’ incomes 2005-2007
The proportion of domestic and overseas incomes 2002-2007
The gross profit ratio of each business section 2002-2007
The gross profit ratio of each market region 2002-2007
The constitute of Sinoma’s International revenues 2003-2009
The decreasing of expenditure charge 2002-2007
The distribution of world cement production
The consumption of world cement 1984-2006
The consumption growth of world cement 1985-2006
The investment of China's cement industry 2001-2007
The circumstance of China new type dry processing cement 2001-2006
The proportion of new type dry processing cement of the total cement capacity 2000-2010
The additional cement consumption of international market 1990-2007
Comparison the income between Sinoma’s domestic and overseas market 2004-2009
Comparison the contract between Sinoma’s domestic and overseas market 2004-2009
The market share of global cement production line 2007 (excluding China)
Comparison of income and growth between Sinoma and FLS 2002-2009
Comparison of contract between FLS and Sinoma 2007

Table Index

The list of Sinoma overseas’ projects in recent years (end of March 2008)