World Precise Machinery (China) Co Ltd, a traditional Chinese machinery company, has achieved dramatic growth. Its sales revenue has increased 70 fold in the past seven years, surging to 350 million yuan (US$43.75 million) in 2005 from 5 million yuan (US$714,286) in 1998.

The impressive growth has attracted wide attention from home and abroad. The opening price of each share was posted at 0.635 Singapore dollars (US$0.98) and ended with a closing price of 0.7 Singapore dollars (US$1.1) on the first transaction day.

According to company sources, World Precise Machinery is one of the first companies in the Chinese forging and pressing industry to be listed in overseas stock and securities exchanges.

Established in 1953, the company is mainly involved in a wide range of forging and pressing equipment, such as mechanical presses, digital control presses, shearing machines, stamping machines and bending machines.

The products are targeted at medium and high-end markets, which require sound quality of products. As one of the earliest Chinese machinery makers, the company has established a reputation as a trustworthy press supplier.

Situated in East China's Jiangsu Province, an economically developed coastal region, and close to Shanghai, a commercial hub of China, the privately invested company enjoys a friendly business climate, including favourable policies and well-trained labourers.

Source:佚名