Tai Ping Carpets International Ltd 2017 AR2
The report highlights a significant transition for Tai Ping Carpets International Limited in 2017, marked by the sale of its Commercial machine-made carpet business for US$94 million and the relocation of its hand-made Artisan operations to a new facility in Xiamen, China. This strategic shift allows the company to focus exclusively on its high-margin Artisan business, targeting luxury residential, private yachts, jets, and boutique stores. Despite a weaker operating performance due to transition disruptions and non-recurring expenses, the company achieved a net profit of HK$194 million, largely driven by the gain on disposal. In sustainability, the company implemented energy-efficient initiatives and a modern wastewater treatment plant at the Xiamen factory, achieving zero polluted discharge.
Company: Tai Ping Carpets International Ltd
Sector: Consumer Discretionary
Country: Hong Kong
Year: 2017
Type: AR2
Pages: 150
Tai Ping Carpets International Ltd
Annual Report
The report highlights a significant transition for Tai Ping Carpets International Limited in 2017, marked by the sale of its Commercial machine-made carpet business for US$94 million and the relocation of its hand-made Artisan operations to a new facility in Xiamen, China. This strategic shift allows the company to focus exclusively on its high-margin Artisan business, targeting luxury residential, private yachts, jets, and boutique stores. Despite a weaker operating performance due to transition disruptions and non-recurring expenses, the company achieved a net profit of HK$194 million, largely driven by the gain on disposal. In sustainability, the company implemented energy-efficient initiatives and a modern wastewater treatment plant at the Xiamen factory, achieving zero polluted discharge.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Workplace Fatalities
Employees