CPM Group Limited (1932.HK) is an investment holding company principally engaged in the manufacture and sale of paint and coating products together with property investment in Hong Kong and Mainland China. The company offers a range of industrial paint and coating products for furniture painting, manufacturing, surface finishing, property renovation, infrastructure projects, and household applications; architectural paint and coating products; general paint and coating products including polyurethane coatings and baked enamels; and ancillary products such as titanium dioxide pigments for solvent-based paints, with distribution primarily in Mainland China and Hong Kong markets. Founded in 1932 and headquartered at CNT Tower, 31st Floor, Wan Chai, Hong Kong, CPM Group Limited is a subsidiary of CNT Group Limited and operates in the specialty chemicals sector with approximately 443 employees.
In recent strategic developments, the company has continued the conversion of underutilised production facilities and office premises in Mainland China into investment properties to reduce manufacturing costs, administrative expenses, and optimise asset allocation, resulting in a 12.7% decrease in administrative expenses to HK$79.49 million and an increase in cash and cash equivalents to HK$169.25 million as of 31 December 2024. This ongoing business revamp amid economic challenges supported a total revenue of HK$321.35 million in 2024, primarily from paint and coating sales, while enhancing profitability and operating cash flow through improved management and operational efficiency.