Share This

Public company info - Huaxi Holdings Company Limited , 01689.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Huaxi Holdings Company Limited, 01689.HK - Company Profile
Chairman Zheng Andy Yi Sheng
Share Issued (share) 701,000,000
Par Currency Hong Kong Dollar
Par Value 0.005
Industry Printing, Publishing & Packaging
Corporate Profile Business Summary: The Group is principally engaged in (i) manufacturing and sales of cigarette packaging materials and (ii) environmental treatment business in the People’s Republic of China (the “PRC”) for the year ended 31 March 2019. Performance for the year: For the nine months ended 31 December 2019, the Group’s revenue is HK$313,466,000 and the profit attributable to owners of the Company is HK$81,442,000 representing an increase of 20% and 45% compared with twelve months ended 31 March 2019. Business Review: 2019 was a period that oversaw the Chinese domestic cigarette industry stabilizing and began to pick up; major brands continued to innovate on new products and experimented new ways of marketing, unequivocally implementing mandates by the Chinese National Tobacco Corporation: “control total cigarette production, maintaining tenable supply and demand relations, maintaining a well-steered growth rate, and pre-empt large volatility.” Based on our assessments of the domestic tobacco market trends, the Group’s core management strategy for the packaging and materials business was to “strive for growth momentum while exercising proper risk-control and maintain stability”, we remained steadfast in our mission to refine our production processes, reduce waste and losses, and upgrading our facilities. We stayed optimistic and steadily responded to all sorts of uncertain challenges, including fierce market competitions. As for the environmental restoration water treatment industry, 2019 was also a crucial year; solving the pressing issue of “black polluted” water treatment was a major component of China’s 13th Five-Year Plan. The Group rallied to the call-for-action by the Chinese government and environmental protection departments, clearly focused on our work goal of repairing the ecological system using environmental protection and treatment apparatus. The Hongdong Treatment Design and Engineering teams have cooperated candidly and were successful in the treatment of the four urban streams in Shantou City and passed government project acceptance review conducted by relevant departments. We have begun early-stage exploration on other black-water treatment projects in Huizhou Guangdong, including river prospecting, prevention of pollutants entering the waterways, riverbed mud cleaning, ecological restoration and maintenance. We offer a complete range of environmental treatment services and have conducted fruitful experimentations on all sorts of water treatment techniques to improve water quality, and upgraded our enterprise qualifications in order to better service our clients. Prospects: 2020 (the Year of Gengzi (庚子年)) is destined to be extraordinary; the sudden arrival of a global pandemic, a black swan that “rose” out in the eve of the traditional Chinese New Year, caused tremendous shock to the entire world. The Chinese New Year period is known for recording the largest sales volume of cigarette products in the year. The disruption caused by the outbreak has certain repercussions to the cigarette industry. I believe, in the rollout of every large scale “crisis” there are always hidden opportunities to be uncovered. Proactively face-down challenges is the only way to ensure the “blossoming” of the Huaxi brand. Since the introduction of the Chinese Water Pollution Prevention and Control Action Plan in 2015, the Central Government, local municipal people’s government and relevant departments had stepped up efforts to implement water treatment projects. Environmental treatment, especially water treatment had been elevated to groundbreaking importance in national politics. The year 2020 is first major milestone in the Action Plan, that all regional level cities have to rein in the total area of urban black polluted waters to below 10%, this directive will necessarily stimulate further urgency for local governments to accelerate demand for water treatment services. Gauging the long-term plans and goals stipulated in the Action Plan, the size of market for environmental treatment will continue to be substantial at least for the next decade. This spells both opportunities and challenges for the entire industry, of which Hongdong should take advantage of. We empower our staff to develop a practical and dependable work spirit, and together with effective management, we ensure that our projects are completed in timely manner and qualities assured. At the same time, we are seeking new projects, cultivating medium to long-term growth for the Group.

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.