OverviewSuggest Edit

Impro Precision Industries is a manufacturer of precision castings and machined products. It operates in four business segments: investment casting, precision machining, sand casting, and surface treatment.
TypePublic
Founded1998
HQHong Kong, HK
Websiteimproprecision.com

Latest Updates

Employees (est.) (Jun 2021)7,011(+14%)
Job Openings1
Revenue (FY, 2020)$2.9 B(-19%)
Share Price (Oct 2021)$2.4
Cybersecurity ratingBMore
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Key People/Management at Impro

Lu Ruibo

Lu Ruibo

Chairman, CEO
Ina Wang Hui

Ina Wang Hui

Executive Director
Yu Yuepeng

Yu Yuepeng

Executive Director
Zhu Liwei

Zhu Liwei

Executive Director
Wang Dong

Wang Dong

Executive Director
Yu Kwok Kuen Harry

Yu Kwok Kuen Harry

Independent Non-Executive Director
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Impro Office Locations

Impro has offices in Hong Kong, Bolingbrook, Diamond Bar, Nantong and in 4 other locations
Hong Kong, HK (HQ)
Unit 803, Shui On Centre, 6-8 Harbour Road, Wanchai
Nantong, CN
27-1 Daqing E Rd, Taixing Shi
Taizhou, CN
112 Wuzhou S Rd, Hailing Qu
Wuxi, CN
11 Huan Nan Road, Wenlin Industrial Park
Wuxi, CN
No. 18, Furong Road 5, Xishan Economy Development Zone
Wuxi, CN
Zone D, Zhutang Industrial Park
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Impro Financials and Metrics

Impro Revenue

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Impro's revenue was reported to be $2.92 b in FY, 2020 which is a 19.7% decrease from the previous period.
HKD

Revenue (FY, 2020)

2.9b

Revenue growth (FY, 2019 - FY, 2020), %

(19.7%)

Gross profit (FY, 2020)

767.3m

Gross profit margin (FY, 2020), %

26.2%

Net income (FY, 2020)

(144.3m)

EBIT (FY, 2020)

(32.0m)

Market capitalization (13-Oct-2021)

4.6b

Closing stock price (13-Oct-2021)

2.4

Cash (31-Dec-2020)

602.0m

EV

4.8b
Impro's current market capitalization is $4.6 b.
HKDFY, 2018FY, 2019FY, 2020

Revenue

3.7b3.6b2.9b

Revenue growth, %

(3%)(20%)

Cost of goods sold

2.5b2.5b2.2b

Gross profit

1.2b1.1b767.3m
HKDFY, 2018FY, 2019FY, 2020

Cash

235.5m569.0m602.0m

Accounts Receivable

854.8m766.5m644.3m

Inventories

738.4m785.8m705.3m

Current Assets

2.0b2.3b2.1b
HKDFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

292.2m316.0m325.7m

Inventories

(133.7m)(68.4m)102.9m

Accounts Payable

97.7m(96.7m)(21.5m)

Cash From Operating Activities

777.6m974.1m888.7m
HKDFY, 2018

Financial Leverage

2.1 x
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Impro Revenue Breakdown

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Impro revenue breakdown by business segment: 8.7% from Surface treatment, 14.9% from Sand casting, 31.7% from Precision machining and 44.7% from Investment casting

Impro revenue breakdown by geographic segment: 31.9% from Europe, 39.7% from Americas and 28.5% from Asia

Impro Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

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Impro Online and Social Media Presence

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Impro News and Updates

Impro is excited to announce that construction of our newest Mexico SLP Campus

Impro is excited to announce that construction of our newest Mexico SLP Campus in San Luis Potosi has been running smoothly as we have already finished completion of our sand casting plant. We just rolled out our first piece of product from the production line

Impro Celebrates its 23rd Anniversary—Pursues Excellence and Achieves Better Results

A world-leading manufacturer of high-precision, high-complexity and mission-critical casting and machined components, Impro Precision Industries Limited (“Impro” or the “Group”) (Stock Code: 01286) today celebrates the 23rd anniversary of its founding, having been established on 15 September 1998.

Completion of sand casting plant

Impro is excited to announce that construction of our newest Mexico SLP Campus in San Luis Potosi has been running smoothly as we have already finished completion of our sand casting plant. We just rolled out our first piece of product from the production line

Supplemental announcement in relation to the Annual Report for the year ended 31 December 2020

Reference is made to the annual report of Impro Precision Industries Limited (the ‘‘Company’’) for the year ended 31 December 2020 (the ‘‘2020 Annual Report’’). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the 2020 Annual Report.

Interim results announcement for the six months ended 30 June 2021

The Board of Directors (the “Board”) of Impro Precision Industries Limited (the “Company”) is pleased to announce the interim results of the Company and its subsidiaries for the six months ended 30 June 2021. This announcement, containing the full text of the 2021 Interim Report of the Company, comp…
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Impro Frequently Asked Questions

  • When was Impro founded?

    Impro was founded in 1998.

  • Who are Impro key executives?

    Impro's key executives are Lu Ruibo, Ina Wang Hui and Yu Yuepeng.

  • How many employees does Impro have?

    Impro has 7,011 employees.

  • What is Impro revenue?

    Latest Impro annual revenue is $2.9 b.

  • What is Impro revenue per employee?

    Latest Impro revenue per employee is $417.1 k.

  • Who are Impro competitors?

    Competitors of Impro include Nelcast, Hitchiner Manufacturing and Howmet Aerospace.

  • Where is Impro headquarters?

    Impro headquarters is located at Unit 803, Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong.

  • Where are Impro offices?

    Impro has offices in Hong Kong, Bolingbrook, Diamond Bar, Nantong and in 4 other locations.

  • How many offices does Impro have?

    Impro has 10 offices.