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Public company info - InvesTech Holdings Ltd. , 01087.HK
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InvesTech Holdings Ltd., 01087.HK - Company Profile
Chairman CHAN Sek Keung, Ringo
Share Issued (share) 1,404,000,000
Par Currency U.S. Dollar
Par Value 0.02
Industry IT Hardware
Corporate Profile Business Summary: The Group was mainly engaged in the provision of network system integration including provision of network infrastructure solutions, network professional services and mobile internet software of mobile office automation software business, the network equipment rental business, the trading of telecommunications equipment and money lending business. Performance for the year: During the Year, the Group recorded a net loss of approximately RMB24.7 million. Total revenue amounted to approximately RMB488.7 million, representing an increase of approximately RMB73.8 million, or approximately 17.8% as compared to approximately RMB414.9 million for the corresponding period in 2018. The Group’s gross profit amounted to approximately RMB65.0 million, representing an increase of approximately RMB29.4 million, or approximately 82.6% as compared with that of approximately RMB35.6 million for the corresponding period in 2018. The gross profit margin for the Year increased to approximately 13.3% from approximately 8.6% for the corresponding period in 2018. Business Review Revenue The Group recorded a total revenue of approximately RMB488.7 million for the year ended 31 December 2019, representing an increase of approximately RMB73.8 million, or approximately 17.8% as compared with that of approximately RMB414.9 million for the year ended 31 December 2018. The increase of revenue was primarily attributable to improvement of competitive strength by continued investment in business development. Cost of Sales The cost of sales increased by approximately RMB44.3 million, or approximately 11.7%, from approximately RMB379.3 million for the year ended 31 December 2018, to approximately RMB423.6 million for the year ended 31 December 2019. The increase was primarily attributable to the increase in sales volume. Prospects: Looking forwards, the Group views that the outlook of the market in China and the global business environment are challenging in 2020, it is mainly due to the trade war between the United States of America and China as well as the recent outbreak of novel coronavirus (COVID-19) (the “Coronavirus”) epidemic. The uncertain business environment and wide suspension of production and business activities in certain countries and regions of Asia, Europe and America are likely to affect the enterprise spending on IT services or IT investments in the forthcoming year. As the epidemic is fluid and rapidly evolving, the related impact on the Group’s operations, cash flows and financial condition could not be reasonably estimated at this stage. The Group will closely monitor the latest development in the global economy and the impact of the Coronavirus epidemic on its business and operation. By virtue of its competitive advantages, the Group remains cautiously optimistic about the prospects of its core business in the long run, as it is expected the (i) the trade tension between the United States of America and China may be alleviated or released; and (ii) the Coronavirus epidemic may become controllable due to the emergency public health measures taken by the Chinese government. Moreover, the strong demand for mobile OA software is raised from the awareness of benefit from the use of OA software, such as VPN, cloud computing to facilitate home office and mobile office operation. In light of the above, the Group foresees that more enterprises will become aware of and seek for such technology to fit in sustainable operation and risk management as the safeguard against any uncertainty in the future. The Group is ready to take this opportunity. In addition, the Group will continue to explore proactively and make investments in overseas market with business opportunities, including but not limited to the opportunities from “One Belt and One Road Initiative” and “Guangdong-Hong Kong-Macao Greater Bay Area Development” policies, so as to reduce market risks and provide a better return to the shareholders (the “Shareholders”) of the Company.

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