China Travel International Investment (HK) is seeking new industrial investments but hotel and theme parks will remain its core business, chairman Zhu Yuening says. Mr Zhu said industrial and infrastructure projects could generate long-term and stable profits to investors. He said the Hong Kong-listed red chip would not stray from the existing four core business sectors. Tourism and hotel business accounted for the largest fixed-assets distribution, 58 per cent, followed by theme parks, 30 per cent, industrial investment, 8 per cent, and freight forwarding, 4 per cent, according to the annual report. 'We will continue to expand the theme parks business and inject capital to upgrade the existing facilities,' he said. Tourism, hotels and theme parks were the largest profit contributors to the company, accounting for 52 and 40 per cent while freight forwarding accounted for 8 per cent. Company director Zhang Zhengkui said it would continue to inject new capital into the three theme parks in Shenzhen - Splendid China Miniature Scenic Spots, China Folk Culture Villages and the Window of the World.
