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Public company info - Net-a-Go Technology Company Limited , 01483.HK
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Net-a-Go Technology Company Limited, 01483.HK - Company Profile
Chairman Sang Kangqiao
Share Issued (share) 795,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Restaurants & Fast Food Shops
Corporate Profile Business Summary: The Group is principally engaged in environmental maintenance business, property leasing, securities trading business and Chinese restaurant and wedding business. Performance for the year: For the year ended 31 December 2020 (the “Year”), the Company and its subsidiaries (excluding the Discontinued Operations) mainly engaged in the environmental maintenance business which recorded a revenue of approximately HK$253,704,000, compared to a revenue of approximately HK$226,331,000 for the year ended 31 December 2019. Total comprehensive income attributable to the equity holders of the Company from the continuing operations was approximately HK$42,697,000 for the Year (2019: Loss of approximately HK$20,769,000). Total comprehensive income attributable to the equity holders of the Company from the continuing operations was approximately HK$42,697,000 for the Year (2019: Loss of approximately HK$20,769,000). Total comprehensive income attributable to the equity holders of the Company was approximately HK$114,394,000 for the Year, while total comprehensive loss attributable to the equity holders of the Company was approximately HK$74,856,000 for the year ended 31 December 2019. Business Review Discontinued Operations Chinese restaurant and wedding business in Hong Kong has been classified as Discontinued Operations in accordance with Hong Kong Financial Reporting Standard 5. Please refer to the announcement dated 28 May 2020 and the circular of the Company dated 11 May 2020 for further details. A gain on disposal of approximately HK$82,494,000 was recognised for the Year, resulting from a significant portion of the Group’s net deficit being disposed of in the Disposal. Environmental maintenance business The environmental maintenance business is headquartered in Chengdu, and is penetrating into other regions in the PRC such as Xinjiang Autonomous Region, Hebei Province and Inner Mongolia Autonomous Region. Its scope of services mainly includes (i) janitorial services for public areas in cities; (ii) classification management of solid waste, bulky garbage and food waste; and (iii) facility maintenance management of refuse collection points. As of 31 December 2020, the Group had a total of 24 environmental maintenance service contracts in progress with the total contract amount of approximately RMB613 million for the remaining contract term. Property Leasing Business During the Year, the Group recorded a rental income of approximately HK$1,665,000 for the leasing of an office in Beijing (2019: approximately HK$3,134,000). The decrease in rental income was resulted from the vacancy of the office since August 2019. The office was re-decorated into four separate units and were subsequently leased out in November 2019, April 2020, June 2020 and January 2021. Securities Trading Business During the Year, the Group recorded an interest income of approximately HK$74,000 from financial assets at fair value through profit or loss (2019: Nil). Furthermore, the Group actively invested in the security market in Hong Kong and recorded gain on disposal of financial assets at fair value through profit or loss in the amount of approximately HK$3,195,000 (2019: Nil) and fair value gain of financial assets at fair value through profit and loss in the amount of approximately HK$14,807,000 (2019: Fair value loss of approximately HK$6,395,000 from the contingent consideration receivables), which were classified as “Other gain/(loss)-net” in the consolidated statement of comprehensive income. Prospects: During the Year, the Group completed the Disposal which has significantly strengthened the financial position of the Group. The Disposal provided the Group with more flexibility and liquidity to expand its existing business scale, and allocate more corporate resources towards potential business opportunities with better prospects. Meanwhile, the environmental maintenance business maintained its continuing growth as a result of securing various service contracts across various regions in the PRC including Chengdu, Xinjiang Autonomous Region, Hebei, Inner Mongolia Autonomous Region and the Neijiang region. It is expected that with the increasing number of service contracts secured by the Group, the environmental maintenance business shall continue to contribute stable income stream for the Group. Looking forward, the Group will continue to utilize its available resources to engage and develop its core business. Apart from the environmental maintenance business, the Group will explore business opportunities in other industries and double down on investments in high growth businesses in the PRC (including but not limited to high technology and internet business) that will flourish in the post-pandemic economic environment in order to generate a stable and constant stream of income to the Group and create long term value for its shareholder.

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