Share This

Public company info - Huiyin Holdings Group Limited , 01178.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Huiyin Holdings Group Limited, 01178.HK - Company Profile
Chairman Kam Kit(Suspension Duties)
Share Issued (share) 298,000,000
Par Currency Hong Kong Dollar
Par Value 0.5
Industry Cosmetics & Personal Care
Corporate Profile Business Summary: The principal activity of the Company is investment holding. The principal activities of its subsidiaries are manufacturing and trading of BIOenergy products, healthcare food products, multi-functional water generators, other healthcare products and properties investments in the People’s Republic of China (the “PRC”), excluding Hong Kong and Macau. Performance for the year: The Group’s consolidated revenue for the Year was approximately HK$35,337,000 (30 June 2018: approximately HK$46,824,000), while the gross profit was approximately HK$12,794,000 (30 June 2018: approximately HK$11,052,000), representing an increase of approximately HK$1,742,000 or approximately 15.8% as compared to the corresponding period of last year. The Group’s loss for the Year was approximately HK$36,192,000, as compared to the loss of approximately HK$167,602,000 for the year ended 30 June 2018. Business Review: During the financial year ended 30 June 2019 (the “Year”), the Company has been adjusting its business development plan in response to the changing economic environment. China’s and Hong Kong’s economies have inevitably been impacted by the intensifying trade friction between the United States and The People’s Republic of China (the “PRC”). The overall business segments of the Group have continued to face the tough business environments due to the fierce market competition in both Hong Kong and the PRC. Accordingly, the Group has been actively restructuring the underperforming business to enhance the financial performance of the Group. The Group’s loss for the year: was approximately HK$36,192,000 (30 June 2018: the Group’s loss of approximately HK$167,602,000), representing a decrease of approximately HK$131,410,000 or approximately 78.4% as compared to the corresponding period of last year. Prospects: The Group believes that it will continue to face strong head winds in the foreseeable future. With the increasing tension of Sino-US trade and the rapid downturn in market conditions after June 2019, the economy has slowed down in short term. The market conditions may continue to stay bad in the near future. However, the Group believes that the economy shall resume a steady and healthy economic growth in the long run. Under these circumstances, the Group adopts a prudent finance management approach with proactive implementation of cost control initiatives for improving the Group’s operating performances. The Group will also continue to adopt measures that are beneficial to the growth of its business, constantly enriching the products categories of the Company, expanding its marketing channels and customer bases, while studying the feasibility of promoting new business.

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.