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Public company info - Jolimark Holdings Ltd. , 02028.HK

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Jolimark Holdings Ltd., 02028.HK - Company Profile
Chairman Au Pak Yin
Share Issued (share) 613,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry IT Hardware
Corporate Profile Business Summary: The principal activities of the Group is manufacture and sale of printers and other electronic products in the People’s Republic of China (the “PRC”). Performance for the year: Compared with 2018, the consolidated revenue of the Group decreased by approximately 10%. Gross profit margin decreases from approximately 32% in 2018 to approximately 29%. Business Review: Printer Business For the year ended 31 December 2019, the revenue of the Group derived from the printer business amounted to approximately RMB291,390,000, accounted for approximately 98% of the total revenue of the Group, and representing a decrease of approximately 11% as compared with 2018. The decrease in revenue was mainly attributable to the weak demand for invoicing printers in the domestic market in 2019. Other Products Business For the year ended 31 December 2019, the revenue of the Group derived from the other products business amounted to approximately RMB5,674,000, accounted for approximately 2% of the total revenue of the Group. Prospects: Guided by the strategic principle of “printer as cloud application”, in 2019 the Company put developmental emphasis on the R&D and marketing of the Group’s self-operated terminals and new retail printers, as well as the development of health and medical equipment products. The Group made considerable progress with a customer-oriented approach which strived to bring to customers a faultless user experience with the Group’s one-of-a-kind products and services. The following is the Group’s business outlook for 2020: Printing Equipment After years of development, the Company acquired a series of core technologies for printing equipment, including driving technology for dot-matrix, thermal, and inkjet printers, specialised technologies for different types of dot-matrix inkjet heads, electric high-speed running time-precise step algorithm, specialised ASIC controlling chips, inkjet automatic interpolating printing technology, and the Group’s sole-proprietary continuous-inkflow processor, among others. For a mechanical and electronic based product like the printer, the Company possesses a design technology platform for integrating complex mechanical structures, as well as four-axes paper feeding, auto-shifting paper feeding passage, large ink cartridge continuous ink-feeding anti-spilling technologies and automatic clay/alloy paper cutter. As for compatible platforms or specifications, it is equipped with Android and iOS wireless printing solutions, uninterrupted printing during power outage or reboot, insertive printing system, power saving management solutions, and missing dot-matrix repair technology. Among the Group’s new products, in the first half of 2019 the Group launched the high-speed high-load flatbed paper feeding dot-matrix printer series, which comprises 80-column, 110-column and 136-column models. They can support 1+6 joint invoice printing as well as 2mm-thick passport printing, adjusting automatically to the thickness of the medium and capable of continuous printing for 24 hours. Addressing the demands for invoice printing to maintain consistency between printed number and punched number or printing pre-made invoices according to barcodes, the Company launched a series of printers with the function of OCR automatic recognition of printed numbers and barcode reading. Such new products solve major problems for customers from public security, taxation, political administration, medicine, disease prevention and real estate management as well as office administration in businesses and enterprises, and have achieved immense popularity. One-of-a-kind products were also introduced to the mini-printers: the self-operated thermal mini-printer, which is equipped with the function of electronically controlled paper storage, anti-invoice loss, and the automatic clay paper cutter, making it suitable for self-operated machines for transport tickets, lottery tickets, and queuing machines; the self-operated driverless mini-printer in metal housing will be launched in the second quarter of 2020; the portable mini dot-matrix printer, which supports dual-connection printing, supports a invoice which can be kept for a long time, giving it a particular edge in the market for inventory invoices for logistics, delivery postage, confirmation bill for delivery and transportation, ambulance bills, among other situations where on-site printing is required for seamless transactions. For inkjet printers, the Group launched a number of unique products such as the flatbed inkjet printer, which overcomes the challenge of printing on thick paper sheets, continuous feeding and low-noise printing which is rarely achieved in dot-matrix, laser, inkjet and thermal printers, making it unrivalled for deployment in hospitals and nurse stations. It also supports a variety of texture and large-area printing and is of great help to manufacturing, logistics, hotels, florist boutiques and marriage planning companies, among others. In the second half of 2020, a colour-printing version of this printer will be launched to meet a greater scope of applications. The Company already launched the dual-colour ink-jet printing capable of printing in red and black on both sides. With an extra-large ink cartridge and water-proof anti-UV ink, it is most suited for official “red document” printing because the cost of printing is much lower than ink-jet colour printing. These printers are also more eco-friendly than laser printing because it does not emit ozone and dust. In the second half of 2020, the Company will launch its A4 colour inkjet printer to diversify its product lines for ink-jet printer products and enhance its overall competitiveness. To address the rapidly developing demands for selfoperated terminals, the Company also completed the research and development of its 300mm wide-page automated paper-cutting process following the release of its automated clay cutter technology in the first quarter of 2020. The clay cutter technology set to become a key component in the Company’s self-operated terminal machine products. Cloud Printing and Cloud Printing Application Solutions With cloud printing being one of the essential services in the era of SaaS, the Company has transformed itself into a cloud printing service provider. The Group is one of the first to set a firm footing in the market as a fully integrated software and hardware vendor. Moreover, the Company takes pride in its advocacy of the ground-breaking principle of “printer as cloud application”: (1) by scanning the QR code on the printer with a smartphone or mobile terminal, the printer can be connected automatically to an operating system as an accesspoint to the Internet without installing apps; (2) by intelligent extraction and analysis of massive printing through the Group’s cloud printers, they become access-points for smart Big Data. Furthermore, the Group has also developed products or systems including the SaaS cloud printing, general-use cloud printing, tax control printing solutions, lottery cloud-based self-operated lottery betting terminals, cloud-based self-operated terminals and printing Big Data AI applications. The Group’s SaaS and general-use printers include dot-matrix flatbeds, rolling-drum cloud printers and dox-matrix mini cloud-based printers, as well as thermal cloud-based printers, cloud-based tag printers and inkjet cloud printers. Targeting specific application scenarios, the Company also developed document-sharing cloud-based printers, business reimbursement cloud printers, homework cloud printers and couplet and banner cloud printers. For cloud printing technologies, the Company’s innovative PC cloud-driven printers require only simple installation and original PC software (including ERP, financial software, CRM, invoicing software and office administration software) to achieve remote printing and contactless transmission of business invoices across departments without changing usage patterns or habits or requiring any development, turning the home office into a reality. The Group’s lottery self-operated terminals have already been fully launched in Beijing and released on a trial basis in a number of different regions as well. The cloud-based self-operated terminals have been developed into desktop-form, wall-hung form, and kiosk form, with printing outputs compatible with dot-matrix, thermal and ink-jet technologies. It also supports the fully-automated self-operated terminals in metal housings to satisfy demands in different environments. The Group’s USB cloud printer is connected to the server-side AI to extract and intelligently analyse massive printing output data and turning it into a Big Data access point, serving as the basis for the Company’s next upgrade. Meanwhile, promotional QR codes can be embedded in printed small-sized electronic invoice which can capitalize on printing e-invoices for precision deployment of advertisements with big data analysis, realizing “printing as marketing”. Tax Control Solution As a major tax control solution and product provider in the country, the Company has been engaged for many years in the research, development and promotion of tax control products and the provision of tax control solutions. In the traditional realm of tax control dot-matrix printers, the Company developed an integrated scan-print machine with a built-in camera to support OCR automatic recognition of invoice print numbers to solve a major hiccup in tax control with its ability to ensure consistency in print number and punched number to minimize waste in invoices. The Company strictly adheres to national tax control policies with timely development of self-operated electronic invoice printers compatible with Wechat, Alipay, mail, and SMS for electronic invoice transmission. Self-operated printing can be achieved with active or passive scanning. It has become an de facto option for businesses and tax control service providers and is being greatly promoted among telecommunications, gas station, food and beverage, retail stores and supermarkets and public utilities (water, electricity, gas, heating). During self-operated printing of e-invoices, it automatically integrates the insertion of advertisements to the front page of the code scanning on the customer’s phone to help the customers launch their advertising campaigns and promotional activities as a notion of “ticketing is marketing”. A major hiccup despite many years of promoting tax control which remains unresolved is the separation between vendors’ business system and the tax control system. As the invoice content to be issued needs to be entered manually, which slows down the process and also subject to human errors. The USB cloud printer derives invoice-related data from the small ticket and achieves automatic connection with the tax control system, which has become the most preferred tax control solution. Moreover, the Company is able to connect its invoicing system with Kamo (卡莫), the Company’s own viral campaigning scan-to-order system, restaurant cashier system, vendor management and hotel management systems, etc., to achieve seamless connectivity between cashier accounting and invoice issuance. It has become the best option for newly opened stores in need of cashier and invoicing management. Furthermore, the Company also offers a general-purpose solution for integrating mobile invoicing and tax control in most other businesses. In 2020, the Company will have better market opportunities in tax control sector. New Retail Business As the core product of the Company’s new retail business, Kamo is a new retail viral marketing system which supports customisable, socialised viral marketing through fanbase creation, sharing, coupon gifting, rewards and bonuses, and “show and tell” which allow customers/employees/agents to be mobilized in viral transmission of share-based marketing, forging a marketing platform controlled by the business. In particular, “show-and-tell” allows everybody to share different interesting or valuable video clips, pictures, and text messages to facilitate the transmission and circulation of product marketing messages. Different combinations of functional modules and hierarchical authorisation management modes to enable the formulation of different solutions specific to different industries and usages, including self-branding mini official site and mini e-mall, conglomerated payment, and payment page ad links and self-operated e-invoice issuance, etc. The planning is light and customisable for connection with existing public WeChat public accounts and apps, facilitating consolidation and transformation of traffic. Systems developed based on practical application scenarios by the Company for Kamo viral campaigning and invoicing systems include the scan-to-order system, food and beverage management, convenience store management and hotel management. After the Company’s efforts in 2019, the Group’s new retail business has formed sizable products: (1) Jolimark Coffee Art Printer. Substituting ink with all-natural caramel in food-safe cartridges, it is spongeless in design and has the inkjets and cartridges fully integrated and replaceable after use. It is safe from bacteria and fully compliance with food safety requirements. It supports a variety of materials, such as coffee foam, milk cap, dark lager, biscuits, brioche, yogurt and ice cream. Besides catering businesses in their daily operation, it also finds usage among other businesses such as banks, insurance companies, hotels, 4S stores, and property sellers for their reception room and conferences, especially for making customised gifts and preparing for drinks to receive guests to show respect and care for their customers. It is compatible with WeChat public accounts, small programmes and mobile applications which support multiple languages for global use. (2) Jolimark Colour Manicure Machine. It can paint and dry in one machine using the ink in three primary colours. It gives colours in high saturation and perfectly replicates the image. It is approved by CFDA and ROHS after testing. The Company also operates an image gallery for nail manicure, combining new images from third-party original manicure designs to bring fashion and surprises to manicure stores and customers. Moreover, a domestic version of the manicure machine will be released in the first half of 2020 with greater price performance ratio and may become a consumer-oriented electronic appliance. (3) Consumables: the coffee art machine requires specialised caramel ink which is estimated to generate revenues not lower than the product price based on regular usage and consumption; the manicure machine also requires nail polish cartridge and packaged polish plastic, which is estimated to generate twice the product price based on regular usage and consumption. Consumable-generated revenues may exceed sales of products. (4) Other traditional retail equipment, such as 5-inch hand-held dot-matrix Android-based smart terminal, 7-inch thermal/dot-matrix POS all-in-one machine, 10- inch smart cashier machine with printer, 13-inch smart cashier, and 43-inch touch-screen self-operated terminal. Among them, the 13-inch and 43-inch products support both Windows and Android. Video Interactive Education Platform and Conference System The Company strives to develop the one-to-many video interactive education platform with main application in training and consulting, seeking to replicate the on-site experience as if the instructor is physically present for the student’s class or consultation. The system developed and designed by the Company is unique. First, the teacher is able to interact with the students, because the system supports not only one-to-many teaching it is also able to cater for interaction on a one-on-one basis. In other words, the teacher can interact with students any time as if in real life. The teacher can use the one-to-many functionality in centralized instruction or consultation to increase the usage of teacher resources. When individual students need special instructions, the teacher can choose the one-to-one mode to reduce unnecessary interruption of other students. Second, in simulation of real-life education or consultation, the teacher side is equipped with tablet camera and detail camera (such as projector) so that the teacher can demonstrate the tablet, desktop writing, drawing, performance, playing musical instruments on the whiteboard, desktop or in real life. The student side is equipped with detail camera so that the teacher can directly check the students’ assignments, practices or performances. Third, in the principle of practicality, different priorities are assigned to audio, video definition and frames-per-second in the case of poor connection, and the priorities for guaranteeing video definition and frames-per-second can be adjusted according to the actual need in the scenario. Fourth, in the principle of user-friendliness, the system is operated intuitively through the video window, operating on the object as the cursor is pointing. Since teachers are usually experienced individuals who are more senior in age who may be less familiar with modern equipment and new systems, user-friendly operation will be their preference in system choice. Therefore, the video interactive education platform developed by the Company has integrated multiple advanced technologies in online interactive videos. It supports multiple control unit (MCU) which allows real-time interaction between different points. The technology also supports MVV (multiple viewpoint video) which allows the user to manipulate and control the viewpoint from which to view the video within a certain range. The system features an AR (augmented reality) system which allows users to make the otherwise bland and monotonous background of the lecture video more interesting. There are many similarities between the video interactive education platform and video interactive conference system, sharing basic technologies and strategic principles in common and can be quickly transformed into a unique video interactive conference system with slight changes or adjustment to user functions or names. Health and Medicine Equipment and Preventive Mask Products The Company has obtained the international patented exclusive right to use the revolvebalance four-tank oil-free compressor, which in its initial phase becomes a new product in the Company’s brand new sector of health and medical equipment after a few years of product research and development. The revolve-balance four-tank oil-free compressor adopts a fourtank compression technique, with strengths in even release and high compression, relatively small size (compared to other four-tank structures), ultra-low noise, high efficiency and high reliability. This patent can be used to develop portable oxygen generators, medical-grade noiseless compressor-based nebulisers, and noiseless craft air bumps and other new products to great diversity. Portable oxygen generators will fill in a gap in the market which currently lacks domestically produced portable oxygen generators with performance on par with imported products at a lower cost. It detects the breathing pattern of the user to synchronize its production and supply of oxygen to minimise power waste. A physical atomic sieve generates oxygen by extracting it from the atmosphere directly which is much more reliable and costeffective. The four-tank compression creates a greater amount of oxygen and releases evenly. It has wide application potential such as medicine, hiking, high altitude tourism, personal office and home oxygen bar. The medical-grade noiseless compressor-based nebulizer creates nano-level nebulised particles of medicine through the four-tank compressor with its even release and high pressure, allowing for easy absorption by the human body. The machine can be adjusted to gear towards adults and children, and continuously operate for 24 hours to suit different needs. The noiseless craft air bump is small, portable, with multiple gears for air volume, and is suitable for nail manicure stations, body painting, cosmetics, craft baking, artistic face paint, leather colouring, and model colouring. In addition, the Company has made full use of its emergency capacity and capitalised on its existing dust-free workshops resources to establish medical face mask production lines to produce urgent resources for epidemic control. It is projected that products can be released in the first quarter of 2020 with daily capacity reaching 200,000. Subsequently more masks of different protection levels and models will be produced.

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