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Public company info - Pak Tak International Ltd. , 02668.HK
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Pak Tak International Ltd., 02668.HK - Company Profile
Chairman WANG Jian
Share Issued (share) 2,900,000,000
Par Currency Hong Kong Dollar
Par Value 0.02
Industry Textile & Apparels
Corporate Profile Business Summary: During the nine months ended 31 December 2017, the principal activities of the Group are: (i) supply chain business (the “Supply Chain Business”), (ii) leasing business (the “Leasing Business”), (iii) property investment and consultancy (the “Property Investment”), (iv) money lending business in Hong Kong under the provisions of the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) (the “Money Lending Business”) and (v) securities investment (the“Securities Investment”). Performance for the year: For the year ended 31 December 2019, the Group recorded a total revenue of HKD1,466.3 million, representing an increase of 35.7% as compared with that of the year ended 31 December 2018 of HKD1,080.5 million. For the year ended 31 December 2019, the Group recorded a net profit of approximately HKD54.5 million as compared to a net loss of approximately HKD9.1 million for the year ended 31 December 2018. Business Review： Supply Chain Business During the year ended 31 December 2019, the Supply Chain Business recorded a revenue of HKD1,445.4 million, representing an increase of HKD399.8 million as compared with the corresponding period in 2018. Such increase mainly due to the expansion in the supply chain of non-ferrous metals and construction materials with providing credit terms. During the current year, the Supply Chain Business mainly focuses on the sourcing and distribution of non-ferrous metals and construction materials. The Group also provides value-added services including but not limited to inventory management and logistics support, to broaden the income stream from such business. Its customers include major non-ferrous metals mining and production companies and integrated infrastructure companies in the People’s Republic of China (the “PRC” or “China”). Leasing Business The Leasing Business is operated through direct lease or sale-and-leaseback arrangement. As at 31 December 2019, the aggregate finance lease receivables was HKD74.9 million and recognised revenue of HKD8.5 million for the year ended 31 December 2019. The Group’s current customers of Leasing Business are from the construction, new economy, entertainment and renewable energy sectors. The Group will continue to focus on such sectors for any potential cooperation opportunities. As at the date of this announcement, all the finance lease receivables as at 31 December 2019 have been collected and received on time. The Group adopted a prudent approach in the Leasing Business to minimise its credit and business risks. Property Investment During the year ended 31 December 2019, the investment properties located in Yunfu, PRC recorded a revenue of rental income of HKD4.9 million. As at 31 December 2019, the fair value of the above investment properties amounted to HKD191.1 million resenting a fair value gain of HKD8.0 million. The Group will continue to lease out the investment properties for rental income and the Group may realise its properties investment to enhance the Group’s working capital if necessary and when timing is appropriate. Money Lending Business As at 31 December 2019, loans receivables of the Money Lending Business amounted to HKD15.0 million which are repayable within a year, and recognised revenue of HKD7.6 million for the year ended 31 December 2019. During the year ended 31 December 2019, all of the customers in Money Lending Business are corporations and are secured borrowings. The rate of return of the Money Lending Business is in the range of 8% to 12%. All the loan receivables are repayable according to the repayment schedules. In order to ensure a healthy development for Money Lending Business, the Group will continue to adopt a prudent risk management policy, and also to carry out regularly review of credit risk over the existing borrowers. Securities Investment The Group conducts securities investment activities included listed securities in its ordinary and normal course of business. The Group adopts a prudent investment strategy for short-term investments and long-term investments and will closely monitor the market changes and adjust its investment portfolio as and when necessary. Prospects: Increase the Group’s revenue growth and profitability will be the first priority for the Group in the year 2020, by enhancing the varieties of products, strengthening the marketing efforts and broaden the customer base. However, the recent outbreak of novel coronavirus pneumonia (COVID-19) has significantly halted the economy and the business operations in PRC, more or less will have an impact on the Group’s performance in this year. Nonetheless, the Group will continue to put the best effort to expand its Supply Chain Business and Leasing Business in the PRC, especially in the supply chain service on the provision of construction materials and leasing of construction machinery. Meanwhile, the Group starts the provision of accounts receivable management, financing and collection services, which is in line with the development of the Supply Chain Business. At the end of the reporting period, the Group had provided over RMB25 million of accounts receivable factoring services to the Group’s customers. It is expected that such services can generate considerable and stable income for the Group in the future. For the other businesses included the property investment, money lending business and securities investment, the Group will keep a cautious and prudent approach and maintain the current scale of such businesses.

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