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Public company info - Symphony Holdings Ltd. , 01223.HK
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Symphony Holdings Ltd., 01223.HK - Company Profile
Chairman Cheng Tun Nei
Share Issued (share) 2,974,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Apparel
Corporate Profile Business Summary: The principal activities of the Group, comprising the Company and its subsidiaries, mainly consist of: (i) retailing and provisions of sourcing services for branded apparel, swimwear and accessories, and sourcing, manufacturing and trading of healthcare products; (ii) development and management of “PONY” and the newly acquired “SKINS” trademarks; (iii) property investment and holding; (iv) management and operation of outlet malls; (v) provision of financial services (including securities brokerage, margin financing, money lending, underwriting and placing of listed securities and financial consultancy services); and (vi) operation of duty-free shops. Performance for the year: Total revenue maintained stable for the year ended 31 December 2019 increasing from HKD381.8 million to HKD388.9 million representing an 1.9% increase compared with 2018. Profit for the year ended 31 December 2019 attributable to the owners of the Company decreased by 39.3% from HKD118.2 million to HKD71.7 million. Earnings per share for the year ended 31 December 2019 were HKD2.41 cents, representing a 39.6% decrease compared with HKD3.99 cents in 2018. Business Review In 2019, despite the shadow of the China-U.S. trade war, China’s economy still managed to achieve a moderate growth. The total retail sales of consumer goods exceeded RMB40 trillion for the first time, representing an increase of 8% over last year, becoming the greatest driver of China’s economic growth for 6 consecutive years. In recent years, the Group has been committed to promoting the sports and retail business in response to the nationwide advocacy of the “Sports for All（全民運動）”, and has established “Mass Consumption” as its future development direction to thoroughly explore and unlock consumers’ demand poten In view of the growing demand for sportswear throughout the world, the Group completed the acquisition of the global trademarks and patents of compression wear brand “SKINS” in September 2019, to further expand the sports brand business and the Group’s strategic layout. It is expected that the brand will contribute stable revenue to the Group in the coming year. During the year, the Group explored its own brand “PONY” with global trading partners, and will gradually adjust its business strategy in the future to tap the opportunities brought by the current resurgence of sports trend. Furthermore, the “arena” swimming brand, a joint venture of the Group in China, maintained a steady sales growth during the year. In the future, the Group will launch more new products and collaboration series to further increase the brand’s market share. In addition, the Group’s Park Outlets project in Xiamen was officially open for business in the fourth quarter of 2019, providing a pleasant place for daily shopping and weekend trips for over 20 million residents in Xiamen, Zhangzhou and Quanzhou. As many as 150,000 customers visited Xiamen Park Outlets in the first week, laying a sound foundation for future operation and development. It is expected that more famous brands will be attracted to the outlets. Meanwhile, the Group’s Shenyang Park Outlets project in Liaoning Province, improved its operating efficiency by making effective use of certain commercial area after an early reconstruction. The Group has planned to expand the commercial area in the north zone of its shopping mall in the coming year to expand the management scale of the outlets. Moreover, the CITS Park Outlets in Anyang has developed into a landmark shopping mall that provides one-stop shopping and entertainment experience to nearby residents. Additionally, the Group holds two community malls in Tianjin and Chongqing, have provided great convenience for citizens living in the communities. Their prominent locations and complete transport facilities will allow them to draw in steady traffic. After years of hard work, the Group has developed “Park Outlets” into a chain outlet brand in China with a variety of large shopping malls and community malls. Prospects: The COVID-19 outbreak has substantially reduced people’s outdoor activities, resulting in a sharp drop in outdoor sports activities, gym and other indoor multi-person workouts. Yet, the Group is still optimistic about the medium and long-term development of China’s sports market and expects to provide diversified products and services to consumers by constantly improving its business strength. Looking forward to 2020, amid the transformation of the retail industry, the Group will continue to deepen its brand business, enhance its capabilities in business operations, and offer more services to brand owners and consumers to achieve stable and sustainable operations, in an effort to create maximum value for the Group’s customers and shareholders.

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