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Public company info - Boer Power Holdings Ltd. , 01685.HK
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Boer Power Holdings Ltd., 01685.HK - Company Profile
Chairman Qian Yixiang
Share Issued (share) 774,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Electric Equipment
Corporate Profile Business Summary: The Group is principally engaged in design, manufacture and sale of electrical distribution equipment and provision of electrical distribution systems solution services in the People’s Republic of China (the “PRC”). Performance for the year: The revenue of the Group was RMB737.1 million, representing a year-on-year increase of 17.3%. Having benefited from the growing revenue, the gross profit of the Group was RMB213.3 million, representing a year-on-year increase of 6.4%, while the profit from operations and profit for the year realised a turnaround from loss to profit amounted to RMB49.4 million and RMB5.7 million respectively. Business Review： Having benefited from the refined management and the strict internal control system implemented by the Group on an ongoing basis, the administrative and other operating expenses of the Group recorded a significant year-on-year reduction, while the ratio of selling and distribution expenses as a percentage of revenue remained stable. Meanwhile, the Group’s balances of trade receivables also decreased significantly, while the net borrowings and finance costs both decreased steadily. Furthermore, at the end of the year, the cash and cash equivalents held by the Group had a significant year-on-year increase, and the Group had recorded positive operating cash flows for four consecutive years. During the year, the business of the Group can be divided into the following four segments: – Electrical Distribution System Solutions (“EDS Solutions”); – Intelligent Electrical Distribution System Solutions (“iEDS Solutions”); – Energy Efficiency Solutions (“EE Solutions”); and – Components and Spare Parts Business (“CSP Business”). EDS Solutions Electrical distribution system lies between grid and end users to distribute electricity at converted voltage for end users. Nowadays, the Group’s EDS Solutions have generally been replaced by iEDS Solutions. The total sales of EDS Solutions of the Group for the year ended 31 December 2019 amounted to RMB785,000 (2018: RMB765,000), representing 0.1% (2018: 0.1%) of the Group’s total revenue for the year. The gross profit of EDS Solutions segment was RMB288,000 for the year ended 31 December 2019 (2018: RMB170,000). iEDS Solutions In addition to EDS Solutions, the Group also provides electrical distribution systems with automation features which link all the electromechanical equipment together for automatic data acquisition and analysis, remote control and automated diagnosis, through which the users can remotely control the related data collected from the electromechanical systems and can be used on the analysis for energy saving solutions. These functions are useful and important to the users who require more stable and safer auto-controlled electrical distribution systems, such as intelligent data centre, telecommunication and medical services industries. EE Solutions Based on the data collected by the electrical distribution systems using its iEDS Solutions, the Group can analyse the power consumption status of users, and through management and with various consideration in relation to the power source, select the most appropriate power saving solutions and provide equipment and systems to customers that improve energy efficiency and save electricity costs. EE Solutions services include the provision and maintenance of equipment and a number of value-added services and others. CSP Business The Group also manufactures components and spare parts for application on electrical distribution equipment or the basic function units of the solutions and sells such components and spare parts to its customers. Its functions can only be realised through the system or connecting with other hardware. Prospects: In 2020, the Group will continue to improve corporate operation efficiency to expand sales volume and enhance profitability. The Group will continue strict internal control system to reduce production costs and other expenses gradually through refined management. The Company will also strengthen its debt recovery ability and continue to recall the accrued historical bad debts through legal means to maintain the receivables and payables at a reasonable level, which further lowers its level of borrowings, optimises asset-liability structures and maintains positive cash flow trend. The Company is confident about its future performance recovery and growth and through Boer Power’s tireless efforts, the support from the shareholders and investors will be rewarded.

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