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Public company info - Perfectech International Holdings Ltd. , 00765.HK
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Perfectech International Holdings Ltd., 00765.HK - Company Profile
Chairman -
Share Issued (share) 327,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Toys
Corporate Profile Business Summary: The principal activities of the Group are the manufacture and sale of novelties, decoration and toy products. Performance for the year: For the year ended 31 December 2019, the Group’s revenue was approximately HK$141,936,000 (2018: HK$145,251,000), representing a slight decrease of about 2% as compared to the last year. The Group recorded a loss for the year attributable to owners of the Company of approximately HK$55,038,000 (2018: HK$36,424,000). The basic and diluted loss per share were both at 16.84 HK cents (2018: both 11.14 HK cents). Business Review For the year ended 31 December 2019, the Group’s core business recorded a loss of HK$26,831,000 (2018: HK$23,629,000). Detailed performance of each segment of the core business is discussed below. Toy products The revenue of toy products segment increased slightly by about 0.5% to approximately HK$128,203,000 (2018: HK$127,581,000), and accounted for about 90% of total revenue of the Group. The increase in revenue of this segment was primarily attributable to the increase in sales to customers in Asia (other than Hong Kong), which was partially offset by the decrease in sales to customers in the United States of America, Europe and Hong Kong. The loss of this segment increased to approximately HK$23,454,000 (2018: HK$17,393,000). During the year, the production plant in Shenzhen, the PRC, was relocated to Zhongshan, the PRC and the relocation incurred staff compensation payments amounted to HK$19,584,000 (2018: Staff compensation for relocation of another factory amounted to HK$508,000). The Group had implemented stringent cost control and strengthened production and operational efficiency so as to enhance the result of this segment. Novelties and decorations products The revenue of the novelties and decoration products segment decreased by about 22% to approximately HK$13,733,000 (2018: HK$17,670,000), which was mainly attributable to the decrease in sales to customers in Europe and the United States of America. The loss of this segment reduced to approximately HK$3,377,000 (2018: HK$6,236,000), as a result of better utilisation of existing inventories and effective cost control measures implemented by the Group. Prospects: The Sino-American trade disputes and the political instability in Europe are expected to continue to cast uncertainty and challenges to the Group’s operating environment in the coming years. Further, the outbreak of Coronavirus Disease 2019 (the “COVID-19”) at the beginning of year 2020 has brought about additional uncertainties in the Group’s operating environment in the PRC. As far as the Group’s businesses are concerned, the COVID-19 outbreak has caused operational delays. The Group has put in place contingency measures to minimise the impact from the COVID-19 outbreak. The Directors are moving ahead cautiously. The Group will continue to optimise its product mix to meet the demand of the customers, strengthen production and operational efficiency, as well as implement stringent cost control measures in order to minimise the impact of these challenges. Meanwhile, the Directors endeavour to materialise the Proposed Acquisition in order to bring additional value and new income streams to the Group, and create long-term returns for the shareholders of the Company with enhanced values. With the joint efforts of all of its employees, the Group endeavours to work well with its customers, business partners and shareholders to maximise its corporate value and deliver promising returns to its shareholders.

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