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Public company info - Confidence Intelligence Holdings Limited , 01967.HK
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Confidence Intelligence Holdings Limited, 01967.HK - Company Profile
Chairman Li Hao
Share Issued (share) 250,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Electronic Component
Corporate Profile Business Summary: The Group is principally engaged in the business of offering comprehensive assembling and production services of PCBA in the PRC integrating research and design, selection and procurement of raw materials, assembling of PCBAs, quality control, testing, logistics and aftersales services. Performance for the year: The revenue of the Group increased by approximately RMB48.4 million from RMB236.2 million for the year ended 31 December 2018 to RMB284.6 million for the Reporting Period. Profit attributable to equity holders of the Company decreased by approximately 32.1% from approximately RMB40.8 million for the year ended 31 December 2018 to approximately RMB27.7 million for the Reporting Period. Gross profit of the Group for the Reporting Period was approximately RMB94.0 million, representing an increase of approximately RMB19.8 million or 26.6% as compared with approximately RMB74.3 million for the year ended 31 December 2018. Overall gross profit margin increased from 31.4% for the year ended 31 December 2018 to 33.0% for the Reporting Period. Business Review The Group is an EMS provider offering comprehensive assembling and production services of Printed Circuit Board Assembly (the “PCBAs”) in the PRC that integrate research and design, selection and procurement of raw materials, assembling of PCBAs, quality control, testing, logistics and aftersales services. The Company’s shares (the “Shares”) have been successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on 18 October 2019 (the “Listing Date”), which is a significant milestone in the Company’s history and strategic development. The successful listing of the Shares and the net proceeds from the public offer and placing of our Shares (the “Share Offer”) has strengthened the Group’s capital position, allowing the Group to progressively execute the business plans as disclosed in the section headed “Future plans and use of proceeds” of the prospectus of the Company dated 28 September 2019 (the “Prospectus”). During the Reporting Period, the Group recorded growth in both turnover and gross profit. The revenue of the Group increased by approximately RMB48.4 million from RMB236.2 million for the year ended 31 December 2018 to RMB284.6 million for the Reporting Period, which was attributed to the increased sales orders from the new customer for the PCBAs for telecommunication devices and the increase demand of IOT products. Prospects: In 2020, the outbreak of the novel coronavirus (COVID-19) (the “Novel Coronavirus Outbreak”) has brought about additional uncertainties in the Group’s operating environment in China. Since the Novel Coronavirus Outbreak at the beginning of the year, the Group has taken a proactive approach and adopted various anti-epidemic measures to protect the safety and health of employees as top priority. At the same time, the postponed resumption of production and related epidemic control have adversely affected the Group’s business. It is expected that there will be late delivery of products in the first half year of 2020. The Group is taking proactive measures and making active responses in an effort to minimise the losses caused by the epidemic. The Group will also actively diversify or expand our customer base and product base to broaden the sources of revenue and diversify business risk. Also, the Group will continue to invest in our development of in-house capabilities and keep ourselves abreast of the development of latest technology advancement in our industries to secure more business opportunities. We will continue to strive a balance among the interests of shareholders, employees and customers, and pursue long-term and sustainable development for the Group.

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