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Public company info - China Leon Inspection Holding Limited , 01586.HK

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China Leon Inspection Holding Limited, 01586.HK - Company Profile
Chairman LI Xiangli
Share Issued (share) 400,000,000
Par Currency U.S. Dollar
Par Value 5.0E-5
Industry Other Support Services
Corporate Profile Business Summary: The Group is principally engaged in the testing and inspection services of energy and commodities in the People’s Republic of China (the “PRC”) and multiple Asia-Pacific countries. Performance for the year: Revenue for 2019 amounted to approximately RMB396.5 million, representing an increase of 69.6% from approximately RMB233.8 million recorded in 2018. Gross profit for 2019 amounted to approximately RMB186.2 million, representing an increase of 51.5% from approximately RMB122.9 million recorded in 2018. Profit for the year 2019 amounted to approximately RMB28.8 million, representing a increase of 486.8% from approximately RMB4.9 million recorded in 2018. Business Review: (I) Further improvement of service network. The energy inspection business is limited by service radius, thus the location of outlets is absolutely essential to business development. During the reporting period, the Company has 20 inspection agencies and laboratories within China, covering major domestic trading ports and cities, including Hong Kong, Qinhuangdao, Tangshan, Tianjin, Cangzhou, Nanjing, Jiangyin, Hunan, Hubei, Guangzhou, Zhuhai, Xinjiang, Shaanxi, Inner Mongolia, Dalian, Zhoushan, Xiamen, Nanjing and Dongguan. Overseas, the Company has 8 inspection agencies and laboratories, covering Singapore, India, Malaysia, Indonesia, Pakistan, Brunei and Australia. Singapore is the Group’s overseas command center which allows us to capitalise on its unique advantage in the oil and commodities trading markets in order to actively participate international markets. (II) Sustainable business structure and growing customer base. While further strengthening the leading position in coal inspection industry within China, the Company has made great efforts in developing the petrochemical product inspection business and achieved remarkable results, thereby forming the two major pillars of inspection business of coal and petrochemical product and supplemented by other commodities inspection business including mineral products and agricultural products. During the reporting period, the energy inspection business continuously integrated both upstream and downstream in the supply chain. The key customers of the Group include CHN Energy, Shaanxi Coal Group, China Coal Group, Yitai Group, Datang Group, China Resources Group, CNPC, SINOPEC, CNOOC, ChemChina, SinoChem, Shell, BP, Exxon – Mobil, Chevron, Total, Saudi Aramco, ENOC and Rosneft, etc. (III) Management capabilities and talent platform The Company remains committed in enhancing operational efficiencies and internal controls by continuously embarking in three initiatives that involve (1) standardisation, (2) digitisation and (3) automation. In addition, the company strives to improve management control and enhance key management execution capabilities through better performance measurement systems and improving investment analysis. During the year, the Company (1) partnered with SAP in implementing ERP and HR information systems, (2) established a strategic ‘Innovation’ taskforce dedicated in exploring new service offerings in the inspection field and (3) continued to attract new talents through incubator framework and M&A. (IV) Improving core competence through research and development During the year, the Company successfully conducted ‘China Leon Innovative Coal Quality Management Forum 2019’ to showcase its 10-year scientific achievements, particularly its in-house ‘LEON LIMS’ laboratory system, which not only automates much of laboratory processes, but also feeds important data to the Company for better operational monitoring. In another feat, the Company developed China’s first robotic coal sampling system, which became operational-ready. It not only leads to lower manpower costs and higher service efficiency, but also ensures the Company’s sustainable growth. (V) Becoming a global brand In April 2019, the Company became the first member of TIC Council (a merger of IFIA and CEOC) from China, and was invited to attend the first TIC Council meeting to discuss industry development issues with 90 active member organisations from more than 160 countries. The conference laid foundation for inter-organisation cooperation and provided the Company an excellent platform in promoting its brand. Prospects: In 2020, the Company will continue to focus on the performance targets set by the management in line with the Group’s strategic goals. The Group’s growth strategy is based on further strengthening existing business as well as continuing to expand into new service offerings. The Group will increase the Group’s competitive advantage through better allocation of enterprise’s resources on cost control and performance measurement as well as improve the Group’s enterprisewide business platform. BP World Energy Outlook report indicates that most of the world energy consumption growth in Asia-Pacific region is driven by the total population and ever growing middle class group. The Company aims to maximise the Group’s local strength within the region by continuously improve the Group’s regional network. The Company will continue maintain its leading position and market share in its established markets while further promoting the Group’s “Leon” brand. In addition to maintaining the Group’s competitive advantage in the traditional operation settings, the Company will also actively develop new service offering in quality control solutions and related technical consulting areas in order to capitalise on the Group’s brand and service capabilities. Impact of the pandemic of novel coronavirus on the Company’s business The pandemic of novel coronavirus in 2020 is a tremendous challenge for all companies. Even though it brings delayed operations to the TIC industry, the overall situation of energy demand which grows continuously has not changed. The demand for energy inspection will rebound when the pandemic is over. Due to the inherent nature and unpredictability of future development, the actual financial effects could be different depending on the future development of the outbreak, government policies and measures in response to the outbreak. The management team will continuously monitor the development and further strengthen cost control and improve the quality of services and business.

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