Investors - Manufacturer of Precision Casting & Machining Components | Impro Precision

Investors

Overview

On June 28, 2019, Impro Precision Industries Limited (abbreviation: Impro Precision, stock code: 1286) was listed on the Main Board of The Stock Exchange of Hong Kong. Morgan Stanley and BOCI were the joint sponsors of the IPO.

Impro Precision was founded in 1998. The company is a global top 10 manufacturer of high-precision, high-complexity and mission-critical casting and machined components for diverse and dispersed end-markets, serving a number of globally recognized industry leaders. Impro Precision has established global manufacturing footprints and global service network, with 19 production facilities in China, Turkey, Germany, the Czech Republic and Mexico (14 of which are in operation and 5 are under construction). Currently the company has more than 6,500 employees worldwide and its products are sold to more than 30 countries and regions.

According to the Roland Berger Report, Impro Precision is the world’s 7th largest independent and China’s largest investment casting manufacturer and also the world’s 4th largest precision machining company in the end-markets of automotive, aerospace and hydraulics. The company is also one of the few suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment.

Stock Information

Financial Highlights

Key Financial Information,For the year ended December 31
(in HK$’000, except percentages)20202019201820172016
Revenue2,924,6143,640,1703,749,1133,049,1432,547,214
Gross Profit767,3001,131,5161,207,767977,872769,337
Gross Profit Margin26.2%31.1%32.2%32.1%30.2%
(Loss) /Profit attributable to shareholders of the Company(148,191)538,856409,603401,559339,373
Adjusted profit attributable to shareholders of the Company (1)313,409575,756618,326444,977344,212
Adjusted EBITDA(1)801,9441,101,4851,141,825917,623776,176
Adjusted EBITDA Margin27.4%30.3%30.5%30.1%30.5%
Net cash generated from operating activities888,652974,100777,585751,946633,473
Free cash flow from operations (1)363,930461,843215,877350,880246,846
Key Financial Information, As of December 31
(in HK$’000, except percentages)20202019201820172016
Total Assets5,672,2955,964,2425,567,9875,334,1454,607,389
Total Liabilities1,639,3981,937,2852,883,8082,805,0722,627,364
Net Assets4,032,8974,026,9572,684,1792,529,0731,980,025
Adjusted Return on Equity(1)7.8%17.2%2.6%19.8%17.9%
Net Gearing Ratio6.2%12.6%63.1%65.2%86.8%
Interest Coverage (Times)11.69.26.36.85.5
Note:
(1) As defined in 2020 Annual Results Announcement

Financial Reports

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