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Public company info - Elec & Eltek International Co. Ltd. , 01151.HK
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Elec & Eltek International Co. Ltd., 01151.HK - Company Profile
Chairman Cheung Wai Lin Stephanie
Share Issued (share) 187,000,000
Par Currency
Par Value 0.0
Industry Industrial Goods
Corporate Profile Business Summary: The Group was principally engaged in the distribution and manufacturing of PCB and property investment. Performance for the year: The Group’s revenue for CY2019 increased by 2.3% as compared with that of CY2018 to approximately US$616.5 million (CY2018: US$602.6 million). The Group’s gross profit increased by 11.9% to US$72.2 million as compared with that of CY2018 (CY2018: US$64.6 million), gross margin increased to 11.7% as compared with that of CY2018 (CY2018: 10.7%). Net attributable profit (profit after tax and non-controlling interests) increased by 25.0% to US$30.4 million as compared with that of CY2018 (CY2018: US$24.3 million). Business Review: he Company is delighted to announce its results for the financial year ended 31 December 2019 (the “Year under Review” or “CY2019”). During the Year under Review, the Group maintained steady growth in terms of orders and equipment utilisation in terms of production capacity coupled with increased percentage of production of higher layers PCB. The Group’s revenue for CY2019 increased by 2.3% as compared with that of CY2018 to approximately US$616.5 million (CY2018: US$602.6 million). The Group’s gross profit increased by 11.9% to US$72.2 million as compared with that of CY2018 (CY2018: US$64.6 million), gross margin increased to 11.7% as compared with that of CY2018 (CY2018: 10.7%). Net attributable profit (profit after tax and non-controlling interests) increased by 25.0% to US$30.4 million as compared with that of CY2018 (CY2018: US$24.3 million). During the Year under Review, communication & networking products (including mobile phones) accounted for approximately 43.8% (CY2018: 47.1%) of the Group’s PCB sales, while automotive PCB sales accounted for about 23.1% (CY2018: 22.0%) of the Group’s PCB sales. Other products (including computer & peripherals, consumer electronics and industrial related products) accounted for 33.1% (CY2018: 30.9%) of the Group’s PCB sales. High Density Interconnect (“HDI”) PCB accounted for approximately 26.7% (CY2018: 25.4%) of the Group’s PCB sales. The Group’s financial position remained healthy throughout the Year under Review. The Board has recommended a final one-tier tax exempt dividend of US4.0 cents per share to shareholders of the Company, which will be subject to the shareholders’ approval at the forthcoming annual general meeting. Prospects: The slowdown in global economic growth in CY2019 together with the recent outbreak of novel coronavirus has brought about uncertainties for global economy. The Group will continue to focus on product quality and cost control and strictly control capital expenditure in order to continuously maintain the Group’s competitiveness. In addition, the Group has begun to receive rental in respect of a newly completed industrial building in Guangzhou, which is expected to bring stable rental income to the Group.

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