Share This

Public company info - Blockchain Group Company Limited , 00364.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Blockchain Group Company Limited, 00364.HK - Company Profile
Chairman Cai Zhen Rong
Share Issued (share) 1,185,000,000
Par Currency Hong Kong Dollar
Par Value 0.2
Industry Soft Drinks
Corporate Profile Business Summary: The Company continued to focus on the expansion of the tea business. Performance for the year: During the Year, the Group’s consolidated revenue decreased by 6.8% to approximately HK$281.8 million (Year 2016: approximately HK$302.3 million). Business Review During the Year, the Company continued to focus on the expansion of the tea business. However, the consumer market condition, especially the tea products for business gifts, continued to deteriorate which resulted in decrease in revenue by 6.78% from approximately HK$302.3 million for the Year 2016 to approximately HK$281.8 million for the Year. There is a pressure on sales of the Group’s tea products. The loss of the Group decreased from approximately HK$973.6 million for the Year 2016 to approximately HK$145.5 million for the Year. Loss attributable to equity shareholders of the Company for the Year decreased by 85.0% to approximately HK$145.9 million (Year 2016: approximately HK$972.7 million). The loss attributable to equity shareholders of the Company for the Year 2016 was mainly due to impairment loss on goodwill of approximately HK$910.0 million. However, no impairment loss on goodwill is recognised for the Year. Excluding this item, there was loss attributable to equity shareholders of the Company for the Year of approximately HK$145.9 million (Year 2016: approximately HK$62.7 million). Prospects: The Group has been officially renamed as “Blockchain Group Company Limited”. We are dedicated to the development and planning of relevant blockchains. In March 2018, the Group entered into a technological service agreement with an independent third party. It is expected that the development of the application system technologies for the Group’s food tracking platform will be completed by 30 May 2018. The whole world will be able to access these technologies once they are ready. Our second leading position among providers of blockchain solutions in terms of food safety will be maintained as well. The Group believes that the development of the aforesaid food tracking technologies is the first step of the Group’s exploration in blockchain industry. We will try to cooperate with more third parties in relation to blockchain technologies in all aspects, set up research centres and apply blockchain technologies to all industries, aiming to realize on diversified integration and set up an ecosphere for the application of blockchain technologies. Meanwhile, the Group will continue to identify opportunities for the expansion, mergers and acquisitions of operations in respect of excellent tea products and other health products. Our goal is to broaden our income source and improve our profitability and to maximize the return for the shareholders of the Company (the “Shareholders”).

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.