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Public company info - Brainhole Technology Limited , 02203.HK
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Brainhole Technology Limited, 02203.HK - Company Profile
Chairman Zhang Liang Johnson
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Semiconductors
Corporate Profile Business Summary: The Company is principally engaged in investment holding and the principal activities of its subsidiaries are the manufacturing and trading of electronic and electrical parts and components, and provision of services for broadband infrastructure construction services, promotion of broadband services, smart domain solution services and operating leases for broadband infrastructure. Performance for the year: For the year ended 31 December 2019, the Group recorded turnover of approximately HK$346.7 million, as compared to the turnover of approximately HK$388.7 million for the year ended 31 December 2018. The Group’s gross profit amounted to approximately HK$61.0 million for the Period, representing a decrease of approximately HK$43.1 million or 41.4% from approximately HK$104.1 million for the year ended 31 December 2018. Business Review： During the Period, the turnover from manufacturing business of semiconductors has recorded a decrease of approximately 18.3% as compared to the previous financial year. In addition to its manufacturing business, the Group continues to operate its trading business during the Period, primarily to supplement its sales of self-manufactured products. The Group acts as a solution kits integrator and is engaged in trading of semiconductors that its customers specifically require. These semiconductors, however, are not manufactured by the Group. The product mix required by customers varies from time to time. During the Period, global trade dispute and the tariff battle also hit the trading operations and the turnover from trading of semiconductors dropped by approximately 22.5% as compared to the previous financial year. During the Period, the Group continued its ongoing efforts in research and development (“R&D”) and innovations. Regarding the semiconductors business, the Group registered 33 patent rights in the PRC in respect of its process innovation and product innovation in 2019. The Group’s principal operating subsidiaries continued to enjoy the status of High and New-Technology Enterprise and is entitled to a reduced PRC Enterprise Income Tax rate at 15%. The number of the Group’s customers of semiconductors increased from 160 as at 31 December 2018 to 169 as at 31 December 2019. During the Period, the Group completed the acquisition of Guangzhou Weaving, which is principally engaged in broadband infrastructure construction and the provision of integrated solution for smart domain application (including smart home, smart campus and smart communities) in PRC. Its smart domain solution includes hardware for security and identification purposes, software for residence management, energy saving and community services. As smart living has become increasingly popular, the Group believes that the expansion of business to smart living sector can enhance Shareholders’ equity and diversify the Group’s risk portfolio. Prospects: Looking forward, the Group is vigorous to explore other possible business opportunities, and one of the potential opportunities is to develop smart campus in the PRC, an all-in-one technological innovation industrial parks, that supports and pilots application of innovative solutions, drive new technology development and enhance collaboration of high technology companies. The Group possesses strong management team with high technology expertise and network in the field of mobile telecommunication, networking and smart city. Leveraging on its well-established relationship with telecom carriers and property developers (such as Seedland and R&F Properties), the Group aims to assist local government to build up the smart campus from scratch, including building the innovation centers, inserting necessary infrastructure and technological support. The Group believe, with the supportive preferential policies from local government, the smart campus can act as an incubator to attract newcomers from nationwide and worldwide to start their research and development and production line of smart technologies within the parks. The Group can enjoy the synergy created together with the incubatees, the property developers and the local government.

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