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Public company info - Veson Holdings Limited , 01399.HK
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Veson Holdings Limited, 01399.HK - Company Profile
Chairman Feng Ming Zhu
Share Issued (share) 1,090,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Consumer Electronics
Corporate Profile Business Summary: The Group is principally engaged in manufacture and sale of lithium-ion battery modules and related accessories for mobile phones, tablets and digital electronic appliances, while also engaging in manufacture and sale of lithium-ion bare battery cells. Performance for the year: During the period from 1 January 2019 to 31 December 2019 (the“Review Period”), the Group’s consolidated turnover amounted to approximately RMB7,395.2 million (2018: RMB6,962.1 million), increased by approximately 6.2% compared with 2018. The profit for the year attributable to owners of the Company was approximately RMB52.5 million (2018: RMB93.3 million). Business Review： ODM Business ODM business is the main business of the Group. It provides complete lithium power supply solutions and lithium-ion battery products for well-known mobile communication companies and Internet technology companies at home and abroad, which are mainly used in 3C consumer electronics and smart hardware such as smartphones and power bank products. The Group focuses on manufacturing lithium-ion batteries and R&D on application technology over the years. The Group’s experienced ODM product development team is able to develop, design and optimise battery solutions jointly with customers that align with customer needs. With powerful manufacturing capacity, reliable quality assurance system, premium bare battery cells, state-of-the-art protection circuit design and precise production process control, the Group has secured a leading position in the industry. The Group attaches great importance to the safety of batteries. In the pursuit of high efficiency and endurance of battery, the Group ensures that all the batteries meet high safety standards. Own-brand Business The own-brand business mainly consists of sale of various kind of lithiumion battery products in the PRC under the Group’s “SCUD飛毛腿” brand. During the Review Period, the Group adjusted its business strategy by officially terminating the own-brand business under the Group’s “SCUD飛毛腿” brand at the end of 2019 and re-integrating the existing resources to cater for the sustainable development of the ODM business. Bare Battery Cell Business During the Review Period, the bare battery cell business recorded consolidated turnover of approximately RMB284.5 million (2018: RMB231.3 million), representing an increase of approximately 23.0% year-on-year. During the Review Period, bare battery cell business recorded net loss of approximately RMB11.5 million (2018: net profit RMB14.7 million). Prospects: Looking ahead, the Group will proactively pay attention to the application of lithium-ion batteries in new industries and new fields and grasp opportunities for access to the market. In addition, the Group attaches great importance to the safety of using batteries for electronic products. In the pursuit of high efficiency and endurance of battery, the Group will conduct more rigorous review of the safety of its battery products to ensure that all manufactured batteries meet high safety standards. Riding on high quality customer resources, quality assurance and technology development capacity, the Group commits to the provision of safe, portable and endurable green energy products for customers and consumers.

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