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Public company info - Contel Technology Company Limited , 01912.HK

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Contel Technology Company Limited, 01912.HK - Company Profile
Chairman Lam Keung
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Semiconductors
Corporate Profile Business Summary: The Group is mainly engaged in the provision of customised reference designs which are bundled together with the sale of integrated circuits (“ICs”) and other electronic components as a package to customers in both Hong Kong and the People’s Republic of China (the “PRC”). Performance for the year: Revenue for the Year amounted to approximately US$101.5 million, representing a yearon-year increase of approximately 50.8%. Gross profit for the Year amounted to approximately US$11.5 million, representing a year-on-year increase of approximately 22.0%. Gross profit margin decrease by 19.1% to approximately 11.3%. The core net profit (excluding listing expenses) attributable to owners of the parent for the Year amounted to US$5.2 million, representing a year-on-year increase of 25.7%. The basic and diluted earnings per share for the Year were HK$2.8 cents, representing a year-on-year decrease of 17.6%. Business Review For the year ended 31 December 2019, revenue derived from mobile devices and smart charging was US$76.6 million, representing an increase of 121.5% as compared to last year, which was mainly boosted by rising demand of the fast technology advancements and wide applications of mobile phones and IoT devices, etc., in the world, especially in the PRC. Owing to the increase in the sales demand of the variable-frequency drive electronic products and photography and videography stabilisation product (Gimbal) in the PRC, the revenue of motor control recorded was US$11.8 million, representing a decrease of 26.8% as compared to last year. For sensors and automation, the revenue was US$4.6 million, representing an increase of 96.6% as compared to last year, which was mainly boosted by (i) capitalise on this exponentially growing sector by, including developing applications to be used different sensors which would be applied and incorporated in personal mobile devices and smart lighting systems in buildings; and (ii) devoting resources and expanding the Group’s capabilities in the sensors and automation category in order to fully harness the huge potential prospects that are to be brought about by IoT. Prospects: In 2020, IC application solutions and IC related services remain highly competitive. The Group will continue to operate diligently with a view to make the Company prosper, so as to further develop and grow. For the Group's primary business, the Group will continue to grow the Group's strengths in expertise for semiconductor products with focus on quality, environmentally-friendly and energy-saving solutions. The Group will keep on investing resources in circuitry design, transferring and fitting the circuitry layout onto PCBs, designing appropriate software where needed, developing prototype evaluation boards, sourcing and suggesting specific brands of ICs required, and then producing reference designs according to customers’ requirements or specifications. During the Group's long research and development history, the Group have accumulated much experience and capacity in the development of application solutions and have established an outstanding technical team. The Group would make every endeavor to explore more business opportunities in different application solution so as to strengthen the Group’s financial position. In addition, the Company will actively explore the possibilities of external strategic investment and cooperation, in particular business opportunities which can enhance the stability and diversity of the Group's product offerings and revenue. In March 2020, the WHO announced COVID-19 as a pandemic, as such it is likely to bring about fluctuations in the demand of different end markets. As there is still great uncertainty of the spread of the epidemic, the degree of impact on different end markets and different customers may vary; consequently, the impact on the Group cannot be predicted at this stage. The Group will make use of the advantages of the listing platform to deepen its strategic alliances and promote further expansion. Further, the Group will continue its strategy through organic growth and will look out for suitable strategic acquisition with a view to accelerate the Group's growth trajectory and to seize market development opportunities to maximize returns for Shareholders.

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