Impro Titled "Most Valuable Industrial Manufacturing Company" at Sixth Golden Hong Kong Stocks Awards

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Impro Titled “Most Valuable Industrial Manufacturing Company” at Sixth Golden Hong Kong Stocks Awards

January 11th, 2022

Another well-recognised award to start the new year, demonstrates increasing market recognition

(11 January 2022, Hong Kong) – Impro Precision Industries Limited (“Impro” or the “Group”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical casting and machined components, is pleased to announce that it has garnered the “Most Valuable Industrial Manufacturing Company” honor at the Sixth Golden Hong Kong Stocks Awards, organized by zhitongcaijing.com and 10jqka.com.cn. This recognition follows the Group’s earlier “Listed Companies with Most Investment Value” award from Sina Finance, marking the beginning of a bright new chapter in 2022.

Impro is the China’s largest investment casting manufacturer as well as the world’s fourth-largest precision machining company. It is also one of the few suppliers that offer one-stop solutions that entail initial research and development, tooling design and manufacturing, casting, heat treatment, precision machining to surface treatment. The Group has 19 plants in China, Germany, Turkey, the Czech Republic and Mexico. Its products are used in a wide range of end markets and are sold to more than 30 countries and regions.

Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “In the past year, the pandemic remains precarious, and demand has fluctuated and rebounded in some end-markets. The Group has achieved remarkable results against this backdrop, with new orders from the automotive and industrial end-markets having reached new highs in the first half year. Revenue in the first half of 2021 increased by 33.3% year-on-year. In addition, the Group actively increased its production capacity and strengthened its global business footprints. It expanded its production lines to North America and constructed the Mexico SLP Campus to reduce delivery and transportation cost pressures, resulting in a significant improvement in both operational efficiency and service capability. This “Most Valuable Industrial Manufacturing Company” award has further highlighted the financial market’s recognition, and will serve as tremendous encouragement to the Group. In the future, the Group will continue to strive for excellence, bring more contributions to its stakeholders and deliver long-term sustainable returns to the investors.”

The “Golden Hong Kong Stocks Awards” is co-organized by zhitongcaijing.com, a leading Hong Kong and US stock information platform in China, and 10jqka.com.cn. Following its inaugural award in 2016, the Awards has now entered its sixth year. It has become the largest Hong Kong and US stocks event of the year and is one of the most stimulating brainstorming events for business leaders in China. The “Most Valuable Industrial Manufacturing Company” award aims to recognize Hong Kong-listed companies that demonstrate a prominent industry position, good core business performance, and the ability to provide sustainable and stable value returns to investors.

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