Share This

Public company info - Yan Tat Group Holdings Limited , 01480.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Yan Tat Group Holdings Limited, 01480.HK - Company Profile
Chairman Chan Wing Yin
Share Issued (share) 240,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Industrial Goods
Corporate Profile Business Summary: During the year, the Group was principally engaged in the manufacture and sale of printed circuit boards. Performance for the year: The Group’s turnover for the year of 2019 was approximately HK$650.4 million, representing a decrease of approximately 15.1% compared to that of the last year. The Group’s gross profit for the year of 2019 was approximately HK$148.4 million, representing a decrease of approximately 17.0% compared to that of the last year. Gross profit margin decreased by approximately 0.6% to 22.8% from 23.4%. The Group’s EBITDA amounted to approximately HK$103.6 million for the year of 2019 as compared to approximately HK$117.4 million for the last year. The Group recorded a profit attributable to ordinary equity holders of the Company of approximately HK$55.9 million for the year of 2019 as compared to approximately HK$58.4 million for the last year. Business Review The Group is an original equipment manufacturer (“OEM”) provider of PCBs and focused on the production of quality PCBs, which meet industrial standards such as IPC Standards, as well as the customers’ requirement. The Group focused on the conventional PCBs with a well-developed capacity to produce multilayered and special material PCBs with primary applications in cars, communication equipment, medical devices, industrial automation equipment and consumer electronics. The Group’s continuous diversification of product mix and market coverage allows the Group to swiftly cater for the changes in demand from certain sectors and adjust the Group's production output accordingly, resulting in reduced reliance on a single product and market. Benefited from the enormous business opportunities generated from automobile electronics in recent years, the proportion of this section is correspondingly higher. Over the past 30 years of the Group's operation, the Group has established a solid foundation and close relationship with the Group's customers. The Group provided direct and indirect services to OEM customers across Asia, Europe, Africa, North America, South America and Oceania, who are engaged in various industries with many of them running in a multinational model. Certain of the Group's major OEM customers are leading players in their markets. The Group supplied PCB products directly to a number of leading electronic manufacturing service providers, in order to assemble finished goods of OEM for the Group’s indirect OEM customers. To date, the Group has built up long-term relationship with major customers, and some of them have been working with the Group for over a decade. The Company believed that these customers also considered the Group as their important partner for their supply chain. Therefore, the Group's profound and long-term relationship with customers will enable the Group to know the trend of customers’ demand more quickly. The Group is of the view that product and process quality are integral to its business. The Group complies with various international quality standards and systems, including ISO9001, ISO14001 and IATF16949 certifications. The Group has put in place a number of quality measures and simplification plan to promote a culture of quality product. Quality is of paramount importance to the business of the Group and is regularly reviewed and improved by dedicated personnel to enhance customer satisfaction. In addition, the Group obtained AS9100 certification in 2009 to qualify for the provision of advanced and reliable PCBs for the aerospace industry. This is a testament to the Group's product quality. The impact caused by the high production cost affected the current year. Followed by the sweep of emission limits and environmental protection measures across China, PCB manufacturers are facing steep challenges. As a PCB manufacturer, the Group needs to formulate appropriate responses and increasing the capital input in respect of environmental protection. Finally, part of the profits would be set off; however, viewing from another perspective, manufacturers failing to meet the required standards would be eliminated or would greatly increase their costs for the compliance with the required standards, whereas the Group has realized the need for environmental protection and has made relevant investment many years ago. Therefore, compared with those failing to meet the standards, the Group is under less pressure in such new setting in the PCB market and better positioned to seize opportunities. Although China remains to be the “World Factory”, labor costs are no longer as low as those over a decade ago and have gradually increased. In addition, the labor supply is insufficient in the coastal areas. Driven by Industry 4.0, the Group has enhanced its production automation, promoting the use and flow of production information, optimizing and improving costs and quality, and hence leading the Group to develop towards intelligent production in the future. Prospects: In 2020, serious challenge will expose the Group to a lot of risks and uncertainties. The Group has been concentrating on its PCB business for over 30 years, in which the accumulated experience and networks allow the Group to make further development in the PCB market. With the rapid progress of the urbanization in Shenzhen, the Shenzhen Pingshan District Government has also made strategic planning for promoting its local development. Given the increased labor costs in Shenhzen and the need to maintain competitiveness and respond to the future change in the planned use of the current production area of Yan Tat Printed Circuits, after consultation with the Board of the Company and the professional advisers, the Group plans to establish another production base in the Greater Bay Area to support the long-term development of the Group. Apart from the headquarters in China and the research and development department which will remain located in Pingshan District, the bulk production capacity of the Group will be relocated gradually to the new production base. The Group will also proactively explore the possible cooperation with independent parties in relation to the urban renewal project located at the current production area in Pingshan District. At the same time, the Group will also consider opportunities to maximize shareholders’ benefits from time to time.

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.