88IV - Public company info - Kelfred Holdings Limited

Share This

Input the stock code or the company name

Kelfred Holdings Limited, 01134.HK - Company Profile
Chairman	Joe Kwok
Share Issued (share)	500,000,000
Par Currency	Hong Kong Dollar
Par Value	0.01
Industry	Accessories & Leather Goods
Corporate Profile	Business Summary: The Group is principally engaged in manufacturing and sales in eyewear products. Performance for the year: For the year ended 31 December 2019, the Group’s revenue decreased to approximately HK$413.4 million by approximately HK$7.7 million or 1.8% as compared to approximately HK$421.1 million for the year ended 31 December 2018. The Group’s gross profit decreased to approximately HK$96.3 million for the year ended 31 December 2019, by approximately HK$0.4 million, or 0.4%, from approximately HK$96.7 million for the year ended 31 December 2018. Business Review： The Group’s Group is an established eyewear manufacturer in the PRC and Hong Kong that produce and sells a wide range of spectacle frames and sunglasses mainly through original design manufacturing (“ODM”) and original equipment manufacturing (“OEM”) business models. The Group offer integrated and customised services which includes product design and development, raw materials procurement, production, quality control, packaging and delivery. In addition to the traditional OEM and ODM business models, the Group also commenced offering the Group’s original brand manufacturing (“OBM”) products under the brand “Miga” in 2016 to diversify the Group’s revenue streams, enlarge the Group’s customer base and solidify the Group’s competitive position. Leveraging on over 30 years of experience in the eyewear industry, the Group pride ourselves on the Group’s broad network of renowned and trusted customers worldwide (who are primarily international eyewear retailers, trading companies and licensed brand owners). The Group have produced quality eyewear products under the Group’s customers’ designated brand names and sold the same to over 35 countries in the past few years. The Group established the Group’s first major production base in Shenzhen, the PRC in 2013 and set up the Group’s second and self-owned production base in Jiangxi, the PRC in 2016, which has made us capable of manufacturing eyewear products of various dimensions and specifications as required by the Group’s customers. Prospects: The Group’s Group plans to continue to capitalise on opportunities which can leverage the Group’s competitive strengths and implement the Group’s business strategies. The Group intend to strengthen the Group’s market position and increase the Group’s market share by pursuing the following strategies: (i) increasing the level of automation in the Group’s production process and further enhancing the Group’s production efficiency and capacity; (ii) expanding the Group’s customer base in the United States and Asia market and promotion of the Group’s brand; (iii) strengthening the Group’s design and development capability; and (iv) continue enhancing the Group’s quality control capability.

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.

Public company info - Kelfred Holdings Limited , 01134.HK