LISTING candidate Beijing Renmin Machinery General Plant is expecting a 30 per cent rise in after-tax profits to 90 million yuan (about HK$121.23 million) this year. The profit estimate was based on the orders the company had already received, said Mr Zhu Wuan, vice-president of the biggest printing machinery maker in China. Turnover was expected to increase 25 per cent from last year's 200 million yuan. Mr Zhu was in Hongkong to meet stock exchange officials to discuss listing rules and procedures. He said the company was still considering which financial adviser to use and whether to issue A shares in China. The company has seven plants in Beijing, occupying 510,000 square metres, including non-operational parts such as staff quarters and canteens. About 85 per cent of its production is sold on the domestic market, with the remainder exported to Southeast Asia. Mr Zhu was optimistic about the industry, saying demand for printing machines was greater than supply in China.