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Public company info - Tibet Water Resources Ltd. , 01115.HK

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Tibet Water Resources Ltd., 01115.HK - Company Profile
Chairman -
Share Issued (share) 2,599,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Soft Drinks
Corporate Profile Business Summary: The Group is engaged in production and sales of water products and beer products in the People’s Republic of China (the “PRC”). The Group also provides lending services to third parties in Hong Kong Special Administrative Region with relevant license. Performance for the year: The total revenue of the Group amounted to RMB493 million, representing a decrease of approximately RMB228 million or 31.7% in comparison with 2019. In 2020, the profit for the year was RMB17 million, as compared to loss for the year of RMB745 million in 2019. Business Review In 2020, the Group continued the Group’s endeavors in the development of the water industry in Tibet and supplying premium products and high-quality services to the Group’s customers. In 2020, the overall economic environment in PRC has been severely adversely affected by the COVID-19 (Coronavirus) pandemic. As a result, the Group’s business, especially the water business, has suffered some significant negative impact from the pandemic related lockdown in PRC. Even with such unusual challenges, in the second half of 2020, the Group quickly resumed production and sales, leveraging the Group’s existing advantages in resource, channels, and logistics network to pursue a long-term expansion. In 2020, the Group’s packaged water products have been sold in PRC and Hong Kong SAR. The Group’s key sales channels, including movie theaters, hotels, airlines and large corporate customers, were adversely affected by the pandemic related lockdown; E-commerce platforms and household consumers through JD.com and Tmall remained relatively stable, and brought positive cash inflows. The Group’s beer products are mainly sold in Tibet through supermarkets, convenience stores, restaurants and entertainment outlets. In 2020, revenue of the Group’s beer products sold within Tibet was 97.3% (outside Tibet was 2.7%). In the past two years, the Group have continuously launched new premium beer products with different flavors and packages, such as 6˚ Highland Barley Beer, Highland Barley Puree Beer, etc., to meet the changing tastes of the consumers. Despite the pessimistic sentiment of the overall economic environment, the Group’s beer business still remained strong and maintained a stable significant market share in Tibet in 2020. With the recent improvement of COVID-19 pandemic situation including mass vaccination programs in PRC, the Group remain hopeful that the Group’s overall water and beer business will recover and improve to a normalized level in 2021 and onward. Prospects: The Group will continue to make full use of its existing advantages in resources, marketing channels and logistics network to strengthen and solidify its strategic position in Tibet’s water industry. The Group will continue investing in significant resources, strengthen its strategic cooperation with Sinopec and PetroChina Company Limited, fully utilize the water resources and production bases advantages of Highland Natural Water and Shannan Yalaxiangbu. and promote additional new strategic cooperation to make the high-quality water from Tibet available to numerous households. The Group will continue to maintain and develop the advantages of the 5100 Glacial Mineral Water as a premium brand, combine with the resources of the existing key target channels including cinemas, hotels, airlines, e-commerce, office and family users, with marketing and promotional campaigns to continuously improve the brand image and influence. The Group will intensify its cooperation with various key platforms, including JD.com and Tmall, in respect of sales and logistics to boost the development of the Group’s products in the e-commerce sales channels. Coupled with its service system in the nationwide gas stations channels, the Group will build its service networks which cover more consumers and retail ends to diversify its sales models and make its products available to more customers.

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