Share This

Public company info - CW Group Holdings Ltd. , 01322.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

CW Group Holdings Ltd., 01322.HK - Company Profile
Chairman Wong Koon Lup
Share Issued (share) 719,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Machinery & Equipment
Corporate Profile Business Summary: The principal business activities of the Group include provision of precision engineering solutions, machine tool manufacturing and distribution and components manufacturing and distribution. Performance for the year: For the year ended 31 December 2017, revenue of the Group reached approximately HK$2,337.3 million, representing a decrease of approximately HK$124.7 million or 5.1% from approximately HK$2,462.0 million for the preceding financial year. The Group recorded a profit of approximately HK$249.3 million for the year ended 31 December 2017, which represents an increase of approximately HK$14.8 million or 6.3% from approximately HK$234.5 million for the preceding year. Business Review: 2017 was touted as a recovery year of the Group, and this was reflected in the market condition whereby there was considerably more demands for CNC machine tools during the year. Despite the uptrend in demands, there was insufficient supply to meet the demands, resulting in longer delivery lead time. Due to this shortage, the Group’s revenue declined slightly by approximately 5.1% (approximately HK$2,337.3 million and HK$2,462.0 million for the years ended 31 December 2017 and 2016 respectively). Despite the slight reduction in revenue, profits for the year ended 31 December 2017 increased by 6.3% from the preceding year to approximately HK$249.3 million. The increase in profits was largely due to the foreign exchange gains and a gain recorded on partial redemption of the notes issued (the “Notes”) during the year (approximately HK$27.4 million and HK$8.5 million respectively), and also due partly to the absence of any allowances made impairment in the current year, while allowances of approximately HK$5.2 million and HK$29.6 million were made for the year ended 31 December 2016 for the impairment of goodwill and impairment of plant and equipment respectively. The precision engineering solutions projects continue to be the heartbeat of the Group, contributing to 96.5% and 91.8% of our total revenue for the years ended 31 December 2017 and 2016 respectively. Revenue from the precision engineering solutions projects remained relatively constant, dropping slightly by 0.3% from approximately HK$2,261.2 million for the year ended 31 December 2016, to approximately HK$2,254.9 million for the current year. During the year ended 31 December 2017, we continued to maintain our key markets including Singapore, China, Indonesia, Malaysia and Thailand. In view of the global uptrend in CNC machine tools, our management remains steadfastly confident of the operating environment of our key markets and continues to forge strong bonds with our customers, suppliers and working partners, which will enable us to continuously provide premier solutions and service offerings in the long term. In addition, new penetration into the European markets is expected to contribute positively in the coming years. Prospects: Global economic sentiment is more buoyant this year. The broad recovery in investment, manufacturing and trade is good news for Asia’s trade-dependent economies which have profited from the strengthening global demand. The European Union have pledged themselves to the Paris agreement to fight against global warming and their policy makers are churning out regulations and hefty taxes to make gasoline and diesel vehicles undesirable to consumers, which will eventually drive the gasoline and diesel automotive vehicles out of the European car market as early as 2025. Automotive manufacturers who saw the dwindling sales and inevitable situation, have set their eyes on the Asian markets thus encouraging them to move their manufacturing bases closer to Asia. As China evolves itself into one of the world largest e-commerce market and with the growing affluence of Chinese, the demands for air travel and delivery of commodities globally have translated into demands for cargo and passenger aircrafts. International players such as Boeing and Airbus are confident that the China market size is able to spur growth and accommodate both domestic and international aircraft manufacturers. Based on China’s 13th Five Year Plan and governmental support, the China’s aviation industry has created commercial opportunities for many companies in the aviation market. In an attempt to break market domination by Airbus and Boeing, China is developing its own domestic manufacturing and the maintenances, repairs and overhaul capabilities of its own homegrown brand of aircrafts and aviation talents. Strategically headquartered in Singapore, with subsidiaries located in China and Europe, the Group have recently announced a substantial acquisition exercise into Zuse Hüller-Hille, a machine tools engineering solution provider based in Germany. The proposed acquisition upon the approval of the Company’s shareholders in an extraordinary general meeting to be called and convened in due course will enable the Group to improve its product variety and develop new products specifically tailored towards the Asian automotive and aviation industry’s needs. Upon completion of the acquisition, the Group believes that it will be well-positioned to capitalise on Zuse Hüller- Hille existing capabilities in machine tools manufacturing to explore and develop new business opportunities in the areas of turnkey projects in Europe and Asia. The Group will also continue to leverage on our technological know-how and knowledge of our customers’ needs to procure high-end machining technology from Europe for onward sale to our customers who need to ramp up and upgrade their production facilities. We plan to complement the transfer of technology by offering after-sales technical support to our customers to ensure that technologies obtained would be harnessed in the most optimal manner. We will continue to focus on growing our key markets whilst pursuing potential business opportunities in new markets. In addition, we will continue to seek improvements in various strategic aspects, including broadening our customer base, supply channels and capacity expansion. In line with our strategy to increase our market penetration, we are also cautiously seeking suitable investment opportunities in Asia and Europe. We will cautiously seek to capture suitable market opportunities with a view to maximizing our shareholders’ returns.

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.