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Public company info - CNT Group Ltd. , 00701.HK
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CNT Group Ltd., 00701.HK - Company Profile
Chairman LAM Ting Ball Paul
Share Issued (share) 1,904,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Chemical Products
Corporate Profile Business Summary: The Group is principally engaged in the manufacture and sale of paint products, property investment (including the investment in properties for rental income potential or for sale, and the proposed columbarium/residential property development in Hong Kong) and iron and steel trading and related investments. Performance for the year: The amount of revenue for the year ended 31 December 2019 amounted to approximately HK$807.92 million, representing a slight decrease of 2.9%, as compared to the amount of revenue in 2018. Gross profit increased by approximately HK$43.23 million, representing an increase of 24.2%, as compared to the amount of gross profit in 2018. Profit attributable to the shareholders of the Company for the year ended 31 December 2019 amounted to approximately HK$234.79 million as compared to the loss attributable to the shareholders of the Company of approximately HK$25.09 million in 2018. Business Review： General Industry Background The increase in the amount of revenue generated from the sales of industrial paint and coating products, architectural paint and coating products, and general paint and coating and ancillary products for the year ended 31 December 2019 were 2.5%, 43.5%, and 1.5% respectively. The significant increase in revenue from the sales of architectural paint and coating products during the year was primarily due to the increase in sales to renowned property developers in the PRC and therefore the CPM Group had boosted its sales of architectural paint and coating products. In addition, the CPM Group has recorded an increase in sales of industrial paint and coating products to industrial manufacturers. Despite the depreciation of Renminbi, the revenue of the CPM Group for the year ended 31 December 2019, in terms of Hong Kong dollars, increased by 15.6%. It was worth noting that, in terms of the original currencies (Renminbi and Hong Kong dollars), the overall revenue of the CPM Group for the year ended 31 December 2019 increased by 20.2%. PROPERTY INVESTMENT Over past decades, the Group have acquired certain residential, industrial and commercial premises in Hong Kong and Mainland China, with the aim to generate stable recurring income and cash flows for long-term investment purposes. IRON AND STEEL TRADING AND RELATED INVESTMENTS The iron and steel industry is one of the major industrial sectors in Mainland China. The iron and steel products can be classified into two subclasses, namely, ferrous metals and non-ferrous metals. The Group is currently trading in ferrous metals and specialises in tinplate trading. In view of the severe competition and the sluggish economic conditions in the domestic economy in Mainland China, the sales for tinplate products significantly decreased by 62.5%, as compared to last year. The profit margin slightly increase to 3.3% in 2019. The China-US trade tensions brought an adverse effect on the export of tinplate products from Mainland China. The Group will take this opportunity to increase the market share in the domestic market in Mainland China. Prospects: The market sentiment and business outlook in Mainland China and Hong Kong have been plagued by the China-US trade tensions and more importantly, the outbreak of the coronavirus disease 2019 (the “COVID-19”) around the world during the first quarter of 2020. Although the PRC and the Hong Kong governments have implemented various measures to combat the COVID-19, it is inevitable that the outbreak, which has become a global pandemic, will hit the economic prosperity of Mainland China and Hong Kong. The extent of such impact remains uncertain. Despite the economic uncertainties in Mainland China and Hong Kong due to the China-US trade tensions and the COVID-19, the Group will continue to enhance its internal control and risk management systems and boost its production efficiency in response to the challenging business environment. While maintaining its existing core business of paint operation through CPM, the directors of the Company will continue to develop and expand investment property business and explore other business opportunities to drive the continuous business development of the Group.

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