Share This

Public company info - Lamtex Holdings Limited , 01041.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Lamtex Holdings Limited, 01041.HK - Company Profile
Chairman HUANG Bin
Share Issued (share) 1,769,000,000
Par Currency U.S. Dollar
Par Value 0.005
Industry Investments & Assets Management
Corporate Profile Business Summary: The Company is an investment holding company. The principal activities of the Company’s subsidiaries are securities trading and investment, securities brokerage and provision of securities margin finance, property investment, loan financing services and trading and manufacturing of electronic products and hotel operations (starting from 1 October 2018). Performance for the year: The Group’s loss for the reporting year was approximately HK$59.84 million (2017: a profit of approximately HK$28.34 million). Basic loss per share of the Group was approximately HK3.82 cents per share for the year ended 31 December 2018 (2017: basic earnings per share approximately HK3.03 cents), while diluted loss per share was approximately HK3.82 cents (2017: basic diluted earnings per share approximately HK2.13 cents). Business Review During the year, the businesses and operations of the Group were mainly on securities trading and investment, securities brokerage and provision of securities margin finance, property investment, hotel operation, loan financing services and trading and manufacturing of electronic products. The Group’s consolidated net loss for the year was approximately HK$59.84 million (2017: net gain of approximately HK$28.34 million). The consolidated net assets of the Group increased from approximately HK$474.29 million as at 31 December 2017 to approximately HK$607.99 million as at 31 December 2018. The consolidated net loss was mainly attributable to (i) one-off share-based payments of approximately HK$13.3 million arising from grant of share options; (ii) the loss on disposal and net fair value loss on financial assets at fair value through profit or loss, in aggregate, of approximately HK$41.6 million; (iii) increase in administrative expenses of approximately HK$15.7 million; and (iv) impairment losses on certain non-current assets of approximately HK$17.2 million. Property investment business The segmental loss of approximately HK$3.40 million was mainly due to the business from investment properties (2017: profit of approximately HK$1.91 million). Such a decrease was due to the fair value loss on investment properties; current receivables accounts written off and depreciation resulted. Securities trading and investment business The segmental loss of approximately HK$41.62 million was mainly due to the loss on disposal and net fair value loss on financial assets at fair value through profit or loss. Loan financing services business The segmental profit of approximately HK$39.34 million was recorded (2017: profit of approximately HK$21.03 million). Securities brokerage and provision of securities margin finance business The segmental loss of approximately HK$6.07 million was recorded (2017: loss of approximately HK$4.60 million). This was mainly due to business faced a lot of competitions and some related business plans not well on track. Trading and manufacturing of electronic products business The segmental profit of approximately HK$16.30 million was recorded (2017: profit of approximately HK$2.79 million). The increase in profit was mainly due to increase in sales. Hotel operation business The segmental profit of approximately HK$0.43 million was recorded (2017: no such segment). This was a newly setup business in late 2018. Prospects: Looking forward to 2019, it will be a challenging year as continued market volatility and uncertainty expected to exist in the year ahead. Crucial uncertainties including the Brexit, the relationship between the U.S. and China remain unpredictable and the tightening of the U.S. monetary system which inclines to hit emerging markets. A slow down of global economic growth is expected by most international financial institutions. However, the Group will endeavor to achieve its planned goals in 2019 as mentioned below. Loan Financing Services Business: The Group would optimise its money lending procedures by, among others, establishing a credit committee and introducing a four-tier approval system; diversify its clientele by engaging three referral agents to source new customers, and strengthen its loan financing services team. Trading and Manufacturing Business: To promote the profit margin of the Group, the Group would commence and develop its New Production Model such that the sales derived from the New Production Model would account for 35% of the revenue of the Trading and Manufacturing Business by the end of 2021. In this connection, the Group would cooperate with design house(s) for the production and marketing of loudspeakers and other electronic products featuring licensed cartoon or comic characters. The cooperation is expected to help broaden the product mix and the customer base of the Group. The Group would enter into framework agreements with its current major customers to strengthen the relationship with them. Securities Brokerage Business: The Group intends to increase the profitability for the segment by expanding its margin financing business by the end of 2019. The Group would apply the funds raised from equity market or by other means, such as the net proceeds of sale of its investment in securities in other listed company, to achieve the aim. The Group is going to launch its first fund to professional investors in Hong Kong. Property Investment Business: The Group intends to continue to seek property investment opportunities primarily in Hong Kong and PRC. The Group intends to divest the commercial property currently held by it when suitable opportunity arises and continue to receive rental income in the meantime. As part of the effort to expand its investment portfolio, the Group also agreed to acquire the Resort. Securities Trading and Investment Business: The Group may divest securities in other listed companies and make new investments should suitable opportunities arise. Hotel Operation Business: The Group started the business in late 2018 in Guiyang, PRC. The Group will continue making assessment and make new investments should suitable opportunities arise in this field.

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.