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Public company info - Nanfang Communication Holdings Limited , 01617.HK
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Nanfang Communication Holdings Limited, 01617.HK - Company Profile
Chairman Yu Jinlai
Share Issued (share) 1,120,000,000
Par Currency Hong Kong Dollar
Par Value 0.001
Industry Telecomm. & Networking Equipment
Corporate Profile Business Summary: The group is principally engaged in the manufacturing and sales of optical fibre cables. Performance for the year: The Group recorded a decrease of revenue by 40.7% to approximately RMB534.3 million for the year ended 31 December 2019 (year ended 31 December 2018: approximately RMB900.3 million). During the year ended 31 December 2019, the gross profit of the Group was approximately RMB129.5 million (year ended 31 December 2018: approximately RMB226.7 million), experienced a reduction of approximately 42.8%.During the year ended 31 December 2019, the Company reported a decline in profit and total comprehensive income for the period attributable to owners of the Company by approximately 76.1% to approximately RMB33.9 million (year ended 31 December 2018: approximately RMB141.4 million). Business Review： As a leading telecommunication manufacturer in the PRC, the Group recorded a decrease of revenue by 40.7% to approximately RMB534.3 million for the year ended 31 December 2019 (year ended 31 December 2018: approximately RMB900.3 million). During the year ended 31 December 2019, the gross profit of the Group was approximately RMB129.5 million (year ended 31 December 2018: approximately RMB226.7 million), experienced a reduction of approximately 42.8%. During the year ended 31 December 2019, the Company reported a decline in profit and total comprehensive income for the period attributable to owners of the Company by approximately 76.1% to approximately RMB33.9 million (year ended 31 December 2018: approximately RMB141.4 million). During the year ended 31 December 2019, the Company’s basic earning per share was approximately RMB0.03 (year ended 31 December 2018: approximately RMB0.13). Prospects: Since the outbreak of the Coronavirus Disease 2019 (“COVID-19”) epidemic in January 2020 in the PRC, the contagion of COVID-19 has spread worldwide. The pandemic caused by the COVID-19 has certain impacts on the business operation and overall economy in different regions and industries in the world. The Group has gradually resumed operations and production since March 2020 and the Group consider that the impact of COVID-19 on the Group’s operations and future prospects would depend on the duration of the epidemic, the implementation of regulatory policies and relevant protective measures that might affect the business environment that the Group is operating at. With the aspiration of the 5G network construction as elaborated above, the Group will stay alert on the development and situation of the COVID-19, continue to assess its impacts on the Group and take necessary actions to mitigate its business risk. In order to cope with the challenges, the Group will diligently participate in the new hardware manufacturing industry catering for the need of 5G network construction in 2020. The Group will explore overseas markets expansion as appropriate and enhance the Group’s competitiveness and market share, with a hope for striving for satisfactory returns for the Group’s shareholders.

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