Share This

Public company info - Tesson Holdings Ltd. , 01201.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Tesson Holdings Ltd., 01201.HK - Company Profile
Chairman Tin Kong
Share Issued (share) 1,236,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The Group is principally engaged in Lithium Ion Motive Battery Business and Property and Cultural Business during the year. Performance for the year: Revenue from the Lithium Ion Motive Battery Business increased to approximately HK$149,171,000 (2019: HK$53,438,000) The cultural business contributed to the Group’s revenue in the amount of approximately HK$9,887,000 (2019: HK$19,683,000) Business Review: Lithium Ion Motive Battery Business Looking back the first half of 2020, the worldwide outbreak of the novel coronavirus disease (“COVID-19”) had affected the macroeconomics as well as the new energy vehicle market in the PRC. With the gradual and stable development of the epidemic, the new energy vehicle market gradually recovered. According to the statistics from the China Association of Automobile Manufacturers, production and sales of new energy vehicles in the first half of 2020 had both dropped by 37% compared to the same period in 2019. However, market condition demonstrated a recovery trend since March 2020, which was even stronger in the second half of 2020. In accordance to the Economic Operation of the Automobile Industry in December 2020* (《二零二零年十二月汽車工業經濟運行情況》) issued by the Ministry of Industrial and Information Technology of the PRC, throughout the year, production and sales of new energy vehicles increased by 7.5% and 10.9% respectively compared to the same period in 2019. With the improved market conditions, and the fact that the Group successfully cooperated with several large enterprises, diversifying The Group’s battery products into different applications, including motorcycles, home appliances, and electrical tools, further enhanced the product mix for The Group’s battery products, revenue from sales of The Group’s battery products in the year increased. Meanwhile, the Group implemented several policies, including re-organisation of human resources, technical enhancement, and replacement of more efficient raw materials, which had effectively reduced production and administrative costs. Besides, the Notice of New Energy Automobile Industry Development Plan (2021-2035)* 《新 能源汽車產業發展規劃( (2021–2035年)的通知》) issued by the State Council of the PRC on November 2020, anticipated the sales of new energy vehicles in 2025 will be 20% of new vehicles sold. On December 2020, four ministries and commissions of the PRC jointly issued the Notice on Further Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles* (《關於進一步完善新能源汽車推廣應用財政補貼政策 的通知》), subsidy decline in 2021 on new energy vehicles was 20% on the basis of that in 2020. Based on these planning and release of the policy, the Group expects demands of the automobile manufacturers will subject to less fluctuation and increase steady in the future. The Group will continue to develop its automobile battery products, and expand its market share in the electric motorcycle, sales revenue is expected to increase. With the rise in production volume, the Group may achieve economy of scale, optimise the use of resources and eventually increase the gross profit of the battery products. Property and Cultural Business During the year, more property units in Rongzhou Gangjiucheng* (容州港九城) which was the main property project of the Group located in Nanchang, Jiangxi, were handed over and contributed a significant portion of revenue to the Group. Another project of the Group, Fengxiang Terrace – Rongzhou Cultural Center* (鳳翔台－容州文化中心), was located in Nanning, Guangxi, adjacent to Qingxiu Shan national 5A-level scenic spot, connected to the business area of the city with comprehensive ancillary facilities and transport network. The pre-sale of Fengxiang Terrace* was start in late-2019 and had satisfactory sales performance, up to the end of 2020, the majority part of the residential units available for sale was sold. It is expected that the handover process of part of the property units can be started from the end of the year to early next year at the earliest. The Group will continue the construction of the remaining portion in Rongzhou Gangjiucheng*, and the commercial and residential project in Fengxiang Terrace*, as well as to commence the staff dormitory project in Lishui, Nanjing in consistent with the construction progress of the battery pack factory in the same area. Prospects: In response to the outbreak of COVID-19, the Group’s production facilities in the PRC had once maintained limited operation in 2020, resulting a temporary decrease in production volume. With the resume of normal operation, the Group will continue to implement new measures to optimise resources allocation and further enhance The Group’s product quality. In respect of product research and development, the Group will proactively inject resources to further improve the quality of battery for new energy vehicles, as well as to build up international research team to develop diversified battery products in home appliances aspect. Construction of phase III production base in Weinan, Shaanxi, as well as the battery pack factory in Nanjing, Jiangsu will also be focused in order to lay a solid base for the Group’s future development. Under the Sino-US trade conflicts and the outbreak of COVID-19, the business environment is full of challenges. Nonetheless, the Group remains cautiously optimistic about the lithium ion motive battery market as well as the property market in the PRC. With The Group’s wealth of experience, the Directors believe that the Group will gradually overcome the prevailing challenges and continue to develop its businesses. The Group will continue to develop The Group’s existing projects, and seize to capture any opportunities in new areas or business that create synergy to the Group’s existing businesses, including trading of medical equipments and development of education areas. The Group will endeavour to overcome challenges ahead, and realise its value to the Shareholders and business partners of the Group as always.

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.