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Public company info - Shinelong Automotive Lightweight Application Limited , 01930.HK
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Shinelong Automotive Lightweight Application Limited, 01930.HK - Company Profile
Chairman Lin Wan-Yi
Share Issued (share) 660,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Automobiles & Components
Corporate Profile Business Summary: The Group is involved in the provision of comprehensive moulding services and solutions, covering product analysis, mould design and development; mould fabrication, assembling, testing and adjustment; trial production and aftersales services. Performance for the year: The revenue of the Group amounted to RMB230.2 million for FY2019, representing an increase of RMB13.0 million or 6.0% as compared with that of RMB217.2 million for FY2018. The gross profit of the Group for FY2019 amounted to RMB77.6 million, representing an increase of RMB4.7 million or 6.4% as compared with that of RMB72.9 million for FY2018. The overall percentage increase in the Group’s gross profit was in line with that for the revenue. The gross profit margin remained stable at 33.6% for FY2018 and 33.7% for FY2019. Business Review： The Group was successfully listed on the Main Board of the Hong Kong Stock Exchange on 28 June 2019. The Group is a developer and major supplier of customised moulds in the PRC, with a focus on moulds for the production of automotive parts which cater for the growing trend of automotive lightweight application, as well as electrical appliance parts. With over 17 years of experience in the mould manufacturing market, the Group will continue to offer comprehensive moulding services and solutions to the customers, covering product analysis, mould design and development; mould fabrication, assembling, testing and adjustment; trial production and aftersales services. The revenue of the Group for the year ended 31 December 2019 (the “FY2019”) amounted to RMB230.2 million, representing an increase of 6.0% as compared with that of RMB217.2 million for the year ended 31 December 2018 (the “FY2018”). Such increase was mainly due to the increase in revenue generated from the sales of automotive moulds. Profit attributable to the owners of the Company for FY2019 amounted to RMB23.7 million, representing a decrease of 24.4% as compared with that of RMB31.4 million for FY2018. Such decrease was mainly due to the listing expenses incurred in FY2019, the increase in compliance costs after listing and the increase in employee benefit expenses as a result of the increase in headcount and annual salary increment. Excluding the listing expenses, profit attributable to the owners of the Company remained relatively stable at RMB38.3 million for FY2018 and FY2019. Prospects: In 2020, the Group will formulate the development strategies based on the current situation of the global automotive and electrical appliance markets, striving to expand the domestic and overseas markets. The Group will continue to implement the strategies and expansion plans as set out in its prospectus dated 17 June 2019 (the “Prospectus”). In response to the market demand of new energy vehicles and the trend of lightweight application in energy-saving automotive, the Group will install its second hot-pressing moulds debugging line as planned, so as to comprehensively enhance the overall competitiveness and increase customer stickiness. With expanded factory scale, the Group will continue to improve the production efficiency and reduce operating costs in order to maintain the competitive advantage. The Group will continue to invest in technology research and development, as well as enhance the product quality, so as to strengthen the customers’ recognition and confidence in the Group’s products.

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