Share This

Public company info - China Jicheng Holdings Limited , 01027.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China Jicheng Holdings Limited, 01027.HK - Company Profile
Chairman Huang Wenji
Share Issued (share) 303,000,000
Par Currency Hong Kong Dollar
Par Value 0.032
Industry Furniture & Household Goods
Corporate Profile Business Summary: The Group is principally engaged in manufacture and sale of umbrella. Performance for the year: Revenue decreased by approximately 38.5% to approximately RMB344 million (2019: approximately RMB559 million) Loss for the year of approximately RMB34 million (2019: loss for the year of approximately RMB16 million) Basic loss per share of approximately RMB17.78 cents (2019: basic loss per share of approximately RMB8.58 cents) Business Review The Group is principally engaged in the manufacturing and sale of POE umbrellas, nylon umbrellas and umbrella parts such as plastic cloth and shaft. The Group manufactures products at the production site located in Dongshi Town and Yonghe Town of Jinjiang City in Fujian Province of the PRC. The Group principally sell POE umbrellas, nylon umbrellas and umbrella parts on export basis to the Group’s overseas customers which accounted for approximately 84% of the Group’s total revenue for the year ended 31 December 2020. The Group exported its POE umbrellas, nylon umbrellas and umbrella parts to markets such as Japan, Hong Kong, Republic of Korea, Taiwan, Spain and Cambodia. The Group’s overseas customers would usually provide the Group with their design and specification. The Group’s sales personnel would closely communicate with the Group’s customers. Depending on the specific needs of these overseas customers, the Group’s sales personnel would put forward the Group’s suggestions for modifications to design and specification from its research and development staff to the Group’s customers for their consideration. When customers decide on the final design and specification, the Group would make samples and provide to the Group’s customers for approval. For domestic market, the Group sold its POE umbrellas, nylon umbrellas and umbrella parts to the Group’s customers in the PRC which accounted for approximately 16% of the Group’s total revenue for the year ended 31 December 2020. The Group’s domestic customers would usually place orders with the Group from selection of its existing POE umbrellas and nylon umbrellas products which are all designed by its research and development team. The Group also sell some of its POE umbrellas and nylon umbrellas under the Group’s Jicheng（集成）brand through sales to The Group’s non-trading customers such as supermarkets. The Group also manufactured umbrella parts as an ancillary products mainly for the Group’s existing customers, both overseas and domestic customers, some of which also purchased POE umbrellas and nylon umbrellas from the Group. The Group’s new business strategy is to shift business focus from developing upstream manufacturing to downstream distribution network and brand building so as to facilitate promotion of the Group’s branded umbrellas which command higher margins. To diversify its business and explore potential business opportunities, the Group is exploring and developing business opportunities and projects. Prospects: The Group principal objectives are to maintain and strengthen its position as a leading umbrella manufacturer focused in Japan market and its own branded umbrella products in the PRC market, and increase its market share in the existing markets such as Hong Kong, Cambodia and Republic of Korea. Looking ahead, the Group will shift business focus from developing upstream manufacturing to downstream distribution network and brand building so as to facilitate promotion of the Group’s branded umbrellas which command higher margins and create higher values as well as bringing better return to The Group’s shareholders. To diversify its business and explore potential business opportunities, the Group is exploring and developing business opportunities and projects.

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.