Hubei Golden Three Gorges Printing Co., Ltd. (GTGP) in Yichang was officially listed on the main board of The Stock Exchange of Hong Kong Limited on June 27, 2014 in a "red-chip mode" (red chip stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. These businesses are based in mainland China and controlled, but listed in Hong Kong to allow overseas investment in the companies.) The red chip stock is called Jia Yao Holdings for short. The stock code is 1626.HK. The company has issued 75 million shares, each of which is worth HK $ 1.26. It is not only the city\'s first enterprise listed in Hong Kong, but the seventh listed company following Hubei Yihua Chemical Industry, Hubei Xingfa Chemicals Group, Angel Yeast, Hubei Sanxia New Building Materials, Sound Environment and Yichang Transportation.
Founded in 2001, GTGP is a Sino-Hong Kong joint venture with a registered capital of 78,782,100 RMB and a gross asset of 560 million RMB. It achieved a sales revenue of 496 million RMB and a profit of 43.66 million RMB in 2013.The company owns more than 900 employees, whose business covers cigarette packet printing, label printing, multi-color packaging & printing. It mainly provides product packaging & printing services for over 10 large domestic enterprises in the fields of tobacco, liquor, pharmaceutical and daily used chemical. It has a provincial technology center, 21 patents, and more than 20 scientific and technological achievements in Hubei Province. There are more than 90 sets of production and testing equipment in the international leading level used for offset printing, flexo printing, silk-screen printing, gravure printing, gold blocking and die-cutting, with an annual production capacity of 31 million sheets. It has ranked first among the Top 100 enterprises in Chinese printing industry for eight consecutive years and rated as the national high-tech and printing demonstration enterprise as well.
GTGP has gone public on The Stock Exchange of Hong Kong, which inputs a strong impetus into its development. The company will strive to build the country\'s largest packaging and printing base and first-class enterprise in printing industry with the help of Hong Kong\'s capital market. (Correspondent: Lv Qingang)