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Room 908, 9th Fl., Sun Hung Kai Center, 30 Harbor Rd., Wanchai Hong Kong Tel. +852-2598-9088 Fax +852-2598-9018 |
Type: Public
On the web:
http://www.cecholding.com
Employees:
2,200
Employee growth: (8.3%)
China Electronics Corporation (CEC) Holdings Company manufactures mobile handsets, as well as MP3 players and other portable electronics for customers throughout Asia and Europe. Philips was CEC's top customer for handsets; in 2007 the Dutch giant sold its mobile phone business to CEC. The Chinese company received a five-year license to market and sell Philips-branded phones. CEC is majority controlled by China Electronics Corp., a state-owned group of the same name under the auspices of the Chinese government. CEC has hundreds of affiliates and subsidiaries; the giant enterprise is consolidating many units, trimming the number of companies by 50%.
Key numbers for fiscal year ending December, 2008:
Sales: $292.5M
One year growth: (27.9%)
Net income: ($43.0)M
Officers:
Chairman: Xiong Qunli
Managing Director: Fan Qingwu
Company Secretary and Qualified Accountant: Robert P. H. Yam
Competitors:
Motorola, Inc.
Nokia
NTT DoCoMo
