Share This

Public company info - Neo-Neon Holdings Ltd. , 01868.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Neo-Neon Holdings Ltd., 01868.HK - Company Profile
Chairman Gao Zhi
Share Issued (share) 2,094,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Furniture & Household Goods
Corporate Profile Business Summary: Principally engaged in research and development, manufacture of lighting products in the PRC and distribution of lighting products in the PRC and overseas, providing of lighting solutions in the USA., asset management services, investment advisory services and securities trading. Performance for the year: The total revenue for the year ended 31 December 2019 was approximately RMB841.3 million, representing an increase of approximately 21.3% as compared to approximately RMB693.7 million for the year ended 31 December 2018. For year ended 31 December 2019, the Group recorded a loss attributable to owners of the Company of approximately RMB22.9 million, representing a decrease of approximately RMB168.7 million over approximately a profit of RMB145.8 million for the year ended 31 December 2018. For year ended 31 December 2019, the Group recorded a net loss of approximately RMB22.5 million, as compared to a net profit of approximately RMB145.9 million for the year ended 31 December 2018. Business Review During the year under review, the trade war between China and USA had certain impact on sales and is expected to have a greater impact in future. However, the lighting segment, which was the pillar segment of the Group, seized the opportunity to explore the market diligently, bringing the total revenue increase by more than 20%. Especially for the U.S. lighting segment, it has outperformed the expectation. The primary fuels are the continuing exploring of the online market and the offline market. The purchase of Novelty Lights strengthened the online sales, and the sales to the large national retailers improved its performance in the offline market. The management believe that this momentum will continue in the foreseeable future. Tongfang Securities has dedicated in accumulating and applying its experience and expertise to the financial services it provides to the Group as well as clients from home and abroad. In December 2019, Tongfang Securities was approved by the China Securities Regulatory Commission to hold the RQFII quota and to invest directly in Mainland China’s bond and equity markets, thus broadening its scope of services and enhancing its cross-border mobility. The Coronavirus outbreak (“COVID-19”) since early 2020 has brought additional uncertainties to the global business environment as well as to the Group. The Group has been closely monitoring the impact from the COVID-19 and has commenced to put in place various contingency measures including but not limited to increasing monitoring of the business environment of the Group’s customers and suppliers. Furthermore, the Group will keep the contingency measures under review as the COVID-19 situation evolves. After considering the Group’s financial health and the environment of the market in which the Group participates, the directors of the Group are of the view that the influence from COVID-19 is limited and short-term, and will be eliminated after the COVID-19 outbreak has been resolved. Up to the date of this announcement, the sales orders the Group received have been almost the same as the same period last year. Prospects: Domestic and international economy is currently exposed to various uncertainties in many aspects. Trade frictions, global public health emergencies, international financial market turmoil, and geopolitical tensions may cause global economic growth to slow down. In 2020, the Group will focus on core business and the improvement and optimization of the industrial layout and structure. The Company will divest or dispose of high-risk and inefficient industries and businesses, recover funds, focus further resources on the lighting segment, and seek for the industries that are in line with the innovation-driven development strategy, enjoy great market prospects and have core competitiveness.

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.