Fuxing China Group Ltd 2021 AR2
The report highlights Fuxing China Group Limited's financial turnaround in FY2021, achieving a profit of RMB 55.3 million on revenue of RMB 762.6 million, driven by investments in automation and increased demand in the zipper segment. To mitigate rising factory overheads and labor costs, the company is progressively automating its manufacturing processes, allocating RMB 110 million from the Xiamen office building disposal to upgrade machinery. Additionally, the report includes a summary of the company's sustainability efforts, identifying key material ESG factors such as environmental compliance, occupational health and safety, and anti-corruption.
Company: Fuxing China Group Ltd
Sector: Manufacturing
Country: China
Year: 2021
Type: AR2
Pages: 118
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Fuxing China Group Ltd
Annual Report
The report highlights Fuxing China Group Limited's financial turnaround in FY2021, achieving a profit of RMB 55.3 million on revenue of RMB 762.6 million, driven by investments in automation and increased demand in the zipper segment. To mitigate rising factory overheads and labor costs, the company is progressively automating its manufacturing processes, allocating RMB 110 million from the Xiamen office building disposal to upgrade machinery. Additionally, the report includes a summary of the company's sustainability efforts, identifying key material ESG factors such as environmental compliance, occupational health and safety, and anti-corruption.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available