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Public company info - Enterprise Development Holdings Ltd. , 01808.HK
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Enterprise Development Holdings Ltd., 01808.HK - Company Profile
Chairman Guan Huanfei
Share Issued (share) 758,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Software
Corporate Profile Business Summary: The principal activities of the Group are the provision of integrated business software solutions, trading of listed securities and mobile marketing business. Performance for the year: For the year ended 31 December 2019, the Group recorded a revenue of approximately RMB101,628,000 (2018: RMB149,091,000) For the year ended 31 December 2019, the Group recorded a gross profit of approximately RMB23,325,000 (2018: RMB24,133,000). The gross profit ratio for the software business of the Group during the year was approximately 23% while that of the last corresponding year was approximately 16%. The Group recorded a loss for the year ended 31 December 2019 of approximately RMB104,119,000 (2018: RMB39,055,000). Business Review： The Group recorded a revenue of approximately RMB101,628,000 for the year ended 31 December 2019 (2018: RMB149,091,000), representing a decrease of approximately 32%. The decrease was mainly due to the decrease in revenue from the Group’s software business as compared to the year ended 31 December 2018. The revenue of the software business amounted to approximately RMB101,609,000 for the year ended 31 December 2019 (2018: RMB147,765,000), representing a decrease of approximately 31%. The decrease was due to the acceleration of the migration from the traditional database to new generation non-structure database by the customers and keen competition in the market for the software industry that involved many large-scale, well-funded and experienced participants. Prospects: The Group has a large client base in the PRC and the Group has an experienced technical team which can provide the Group’s clients with prompt and effective services and business solutions. Over the past ten years, the Group’s software business has provided database software and engineering services to the PRC enterprise customers in terms of life cycle management, health check, troubleshooting and function upgrade which has significant market share and has a strong brand in this area. Despite the slowdown in the Group’s software business due to the acceleration of the migration from the traditional database to new generation non-structure database by the customers, the Group will try to maintain its competitiveness through introduction of new products and services, further broadening of client base and implementation of various cost control policies. With the economic uncertainties caused by the US-China trade dispute and the recent outbreak of COVID-19, it is expected that the Group’s software business in PRC will face a massive challenge in the forthcoming year. In order to maintain the Group’s sustainability and preservation of value over the long term, the Group will continue to look for suitable business opportunities so as to diversify the Group’s business into a new line of business with growth potential and to broaden its source of income that can enhance return to the shareholders of the Company. In particular, the Group will continue to explore potential integration opportunities for the Group’s existing IT services with financial service sector. The Group is still optimistic on the growth opportunities in the financial services industry and believe that a successful integration of the Group’s IT services with the financial service sector could create further income sources and long-term benefits to the Group.

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