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Public company info - Tongda Hong Tai Holdings Limited , 02363.HK
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Tongda Hong Tai Holdings Limited, 02363.HK - Company Profile
Chairman Wang Ya Nan
Share Issued (share) 681,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry IT Hardware
Corporate Profile Business Summary: The Group is principally involved in manufacture and sale of casings of notebook and tablet. Performance for the year: Revenue of the Group in 2020 was approximately HK$472.4 million, representing a decrease of approximately 11.4% as compared with the revenue of approximately HK$532.9 million in 2019. The net loss attributable to the equity holders of the Company for 2020 amounted to approximately HK$165.3 million as compared with approximately HK$68.1 million in 2019. Basic loss per share for 2020 was approximately HK87.39 cents (2019: HK36.02 cents). Business Review： The Group is a “one-stop” manufacturing solution provider of casings for notebooks and other accessories. During the Year, sales of notebook casings continued to account for the largest proportion of the Group’s total sales at approximately 97.5% (2019: 98.8%). The Group’s business for the Year was inevitably impacted by the outbreak of the Covid-19 pandemic, the quarantine measures imposed by the Government authorities during the early phase of the Covid-19 outbreak substantially disrupted the operation of the Group. Experienced staffs faced various difficulties and safety concerns in returning to the Group’s manufacturing base in Changshu especially after Chinese New Year which resulted in a temporary labor shortfall. The Group’s average sales price remained under pressure in comparison to previous year, and sales volume plummeted due to the aforementioned reasons. Furthermore, the appreciation of Renminbi (“RMB”) to United States Dollars (“USD”) during the second half of the year further eroded the gross profit of the Group and the Group’s net loss for the year was further increased as a result. Prospects: In light of the economic recovery and the increasingly popular trends in more comprehensive applications of notebook from remote working, study and household, the management of the Group expects the business will eventually benefit from the surging demand of notebooks and chromebooks. On the other hand, the management of the Group strives to achieve cost reduction and enhance efficiency for the Group by reviewing, innovating and implementing improved policies and optimise the product mix in the coming year.

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