China Electronics Corporation Holdings Company Limited
News and overview for China Electronics Corporation Holdings Company Limited
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Company Overview
| Company: | China Electronics Corporation Holdings Company Limited |
|---|---|
| Industry: | Contract Electronics Manufacturing |
| Website: | http://www.cecholding.com |
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
| Sales in U.S. Dollars (mil.) | 292.5 (2008) |
|---|---|
| One-year % Growth in Sales | -27.9 (2008) |
| Net Income in U.S. Dollars (mil.) | -43 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 2,200 (2008) |
| One-year % Growth in Number of Employees | -8.3 (2008) |
| Fiscal Year-End | December |