Share This

Public company info - XiangXing International Holding Limited , 01732.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

XiangXing International Holding Limited, 01732.HK - Company Profile
Chairman Cheng Youguo
Share Issued (share) 1,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Marine & Harbour Services
Corporate Profile Business Summary: The Group is a service provider of Intra-Port Services, Logistics Services and the Automobile Integrated Services in Xiamen and Quanzhou in the PRC. Performance for the year: The Group’s revenue for the year ended 31 December 2019 was approximately RMB176,607,000, representing a decrease of approximately 44.2% from the revenue for the year ended 31 December 2018 of approximately RMB316,353,000. For the year ended 31 December 2019, the Group’s profit for the year was approximately RMB11,867,000 (for the year ended 31 December 2018: approximately RMB26,894,000). Business Review: The Company’s listing was successfully listing from GEM to the Main Board of The Stock Exchange of Hong Kong Limited on 6 September 2019, which was a key milestone for the Group. For the year ended 31 December 2019: 1) Due to the significant decline in the number of imported solid wastes approved by the government authority, the logistics service business of the Group also decreased accordingly. For the year ended 31 December 2019, the overall revenue of the Group decreased by 44.2% to approximately RMB176,607,000. 2) Profit for the year of the Group for the year ended 31 December 2019 decreased by 55.9% to approximately RMB11,867,000, mainly due to: i) the one-off expenses incurred for the transfer of listing of the Company’s shares from GEM to the Main Board of the Stock Exchange on 6 September 2019; ii) the substantial decrease by Chinese government in the volume of permitted imported solid wastes in order to strengthen environmental protection supervision, leading to the decrease in the volume of imported solid wastes for the Group’s imported agency business and resulting in a particularly significant year-on-year decline in revenue from agency services in respect of imported solid wastes in the second half of the year; and iii) the decrease in container road freight forwarding services business relating to those imported solid wastes of the Group. 3) The Group’s intra-port services business completed approximately 3.27 million TEUs in year 2019, representing an annual increase of 5.8%, which is higher than the average growth rate in Xiamen Ports (3.9%). 4) The newly developed Quanzhou Port business of the Group completed approximately 1.97 million tons of stone blocks transportation at Shihu Terminal in year 2019, contributing a revenue of approximately RMB 10,841,000. Prospects: Looking ahead, the Group will focus on the following aspects in year 2020: 1) Continue to strengthen management, optimize production processes, improve production efficiency, and better cater to the needs of the market and customers; 2) Manage the Group’s daily operation under stable, prudent and effective supervision and control framework to build a strong foundation for future expansion on a large scale; 3) Continue to expand the business of Shihu Terminal and Weitou Terminal in Quanzhou Port, and strive to develop intra-port services in Quanzhou Port in additional to the existing stone blocks transportation business; 4) Continue to communicate with local government for the purchase of a suitable piece of land to and provide integrated logistics center project or invest in new logistics service project in other regions as an alternative. Moving forward, the Group is cautious on the business outlook in year 2020, amidst the concerns regarding the continuing COVID-19 pandemic, and possible resultant serious impact on global economies. During this period of uncertainty, the Group will exercise caution in assessing business development opportunities and will continue to adhere to the business philosophy of “Built from Integrity and Grow with Quality”, and provide excellent services to its existing customers and expand its business, for greater returns to its shareholders. The Group will keep the shareholders of the Company informed of the latest developments of the Group in a timely manner.

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.