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Public company info - Trigiant Group Ltd. , 01300.HK
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Trigiant Group Ltd., 01300.HK - Company Profile
Chairman Qian Lirong
Share Issued (share) 1,792,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Telecomm. & Networking Equipment
Corporate Profile Business Summary: The Group is mainly engaged in the manufacture and sales of feeder cable series, optical fibre cable series and related products, flame-retardant flexible cable series, newtype electronic components and others for mobile communications and telecommunication equipment. Performance for the year: Turnover increased by approximately RMB72.9 million, or approximately 2.1%, to approximately RMB3,542.1 million (2018: RMB3,469.2 million). Gross profit margin decreased by approximately 0.3 percentage point to approximately 19.1% (2018: 19.4%). Profit for the year attributable to owners of the Company increased by approximately RMB13.5 million, or approximately 3.9%, to approximately RMB359.0 million (2018: RMB345.5 million). Net profit margin increased by approximately 0.1 percentage point to approximately 10.1% (2018: 10.0%). Earnings per share increased to RMB20.04 cents (2018: RMB19.28 cents). Business Review Feeder cable series — approximately 42.9% of the total turnover Owing to delay in the 5G overall planning, equipment selection and testing, and tendering of operators in the second half of 2019, coupled with the impact of the COVID-19 outbreak in the first quarter of 2020, the delivery of orders, business transactions, revenues, receipts and other areas for the industry and the Company experienced a delay. After a short-period of challenges, the epidemic situation stabilised and improved, the progress of the industry, and the order delivery of the Group will become back on track. The sales volume of the Group’s feeder cable series products decreased by approximately 16,000 kilometres to approximately 162,000 kilometres in 2019 as compared to that in last year. Therefore, the turnover of feeder cable series decreased by approximately 12.0% to approximately RMB1,517.9 million in 2019 as compared to that in last year. During the Year, the average price of copper, being the main raw materials for the Group’s feeder cable series, decreased by approximately 6.0%. As the Group adopted the cost-plus pricing model for the pricing of its feeder cable series products, the average selling price of the products remained relatively stable due to the relatively stable price fluctuations in raw materials. Meanwhile, the gross profit margin only decreased by approximately 0.3 percentage point to approximately 20.2% as the Group actively adjusted its product mix to generate greater profits. Optical fibre cable series — approximately 28.6% of the total turnover The optical fibre cable series products were also affected by the same reasons which have beset the feeder cable series products as above. The turnover of optical fibre cable series products decreased by approximately 2.6% to approximately RMB1,014.4 million in 2019 as compared to that in last year. Sales volume increased by approximately 479,000 fibre kilometres to approximately 10,834,000 fibre kilometres in 2019 as compared to that in last year. The gross profit margin increased by approximately 0.2 percentage point to approximately 18.8%. Flame-retardant flexible cable series — approximately 23.1% of the total turnover Flame-retardant flexible cable series, another major product of the Group which is mainly used as an internal connection cable for power systems or mobile cable transmission and distribution systems, recorded a good performance during the Year. In September 2018, the Group had won the bid for the power cable contract for China Mobile Communications for the first time, the turnover of flame-retardant flexible cable series increased by approximately 41.9% to approximately RMB817.8 million as compared to that in last year. The gross profit margin slightly decreased by 0.3 percentage point to approximately 16.6% as compared to that in last year as the Group actively adjusted its price mix to generate greater profits. Prospects: According to the Minister of MIIT, Mr. Miao Wei, at the National Conference on Industry and Information Technology held at the end of 2019, by the end of 2020, all prefecture-level cities in the country will be covered by the 5G network. Following completion of the major telecommunications operators’ master plans for 5G construction: on 6 March 2020, China Mobile announced a centralised procurement notice, and the tender exceeded the scale of 230,000 base stations. In addition, it was announced during the result announcement meeting of China Mobile that their 5G investment would reach RMB100 billion. On 12 March 2020, China Telecom and China Unicom’s centralised procurement reached the scale of 250,000 stations. The Group’s business will be driven b y the total scale o f the Chinese telecommunications operators’ 5G Phase 2 construction, as the scale is expected to exceed 480,000 base stations. On 10 February 2020, the MIIT issued frequency modulation (FM) licenses to China Telecom, China Unicom, and China Broadcasting, permitting these three enterprises to share the 3300-3400MHz frequency band for the 5G indoor coverage nationwide. The issuance of 5G indoor frequency licenses will further promote China’s 5G system deployment and commercialisation process. The MIIT stated that it is the first time for China to simultaneously license public mobile communication frequency resources to multiple enterprises for common use, representing an innovative measure to promote the joint construction of shared telecommunications infrastructure. Issuance of the licenses will be conducive to meeting the frequency-use demand of the three major telecommunications operators for the 5G system construction, and will continue to improve the utilisation efficiency and effectiveness of FM, rendering tremendous support to the high-quality 5G development in the PRC. In the meantime, the introduction by 5G of new technologies, including Massive MIMO antennas, and the ultrahigh-speed signal transmission will lead to a significant uptake in the power usage of base stations. Accordingly, the transmission system specifications are expected to improve, driving the product value to new heights. The Group’s products are used in 5G base stations and other core processes, which are expected to become the first wave to benefit from the improvement brought about by 5G commercial scale construction in the transmission systems by volume and price. During the year, the Group developed equipment solutions for various sub-bands of sub6G (the low-mid-band spectrum) for domestic and foreign customers. Driven by the evolving 5G network technology, the Group has spent years of research and strategic deployment in the 5G technology products, and achieved significant breakthroughs in radio frequency connectors, power dividers, and couplers for mid and highfrequency base stations. The Group will cooperate with the three major telecommunications operators, China Tower, China Broadcasting and others on the high-speed construction plans. It is expected that the construction of large-scale 5G base stations will drive a significant uptake in the sales price and volume of 5G base station-related construction products, such as the Group’s flame-retardant flexible cables, optical and electrical hybrid cables and radio frequency devices. Expansion of new customer base In addition to continuing to deepen the cooperation with the three major telecommunications operators, the Group is also proactively expanding new customers in other areas such as radio and television, rail transit, security, microwave communications and private network communications in China. By capitalising on the core advantages of its products, continuous technical research and development, and outstanding service and after-sales capabilities, the Group is well-positioned to expand the customer base and maintain a long-term cooperative relationship with its major customers and aims to achieve a higher proportion of supply in the cooperation. Active expansion of the Internet of Things business According to “Research Report on Internet of Things Industry Market in 2019” published by Forward-Looking Industry Research Institution (前瞻產業研究院), the compound annual growth rate of the Internet of Things from 2019 to 2022 is approximately 9%. It is estimated that the scale of China’s Internet of Things industry will exceed RMB2 trillion and the connection scale will reach RMB7 billion by 2020. In recent years, in line with the accelerating integration of the Internet of Things concept into industrial applications, the Group has seized enormous business opportunities by cooperating with Resources Institute and China Telecom Wuxi Branch (中國電信無錫分公司) to establish the National Innovation Alliance of IoT and AI for Forestry Application (林業和草原物聯網與人工智能應用國家創新聯盟) as a role model of the smart forestry powered by “internet+” and “Smart+” in accordance with the policy for development and application of forestry business networks, laying a solid foundation for the Group’s diversity development. Overseas development plan In 2020, the Group plans to attend specialised communications trade exhibitions held in various regions, such as India, Spain, Russia, Singapore, Dubai, and Mexico. On top of the Group's deepening relationship with the Group's current customer base, the Group will focus on the customer expansion and development in the Southeast Asia, the Middle East, and the Americas. By capitalising on its existing product and technology advantages, the Group plans to increase its market share in overseas markets such as South Korea, the Southeast Asia, Europe, America and the Middle East. 5G construction has become a global undertaking that requires active promotion and development due to the increasing demand for mobile infrastructure. In the future, riding on the momentum of 5G development, the Group will continue to explore overseas development opportunities, further expand its diversified sales channels, and seek growth opportunities. These initiatives aim to generate more profits in appreciation for the continued recognition and support of all shareholdesrs.

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