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Public company info - China Boton Group Company Limited , 03318.HK
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China Boton Group Company Limited, 03318.HK - Company Profile
Chairman Wang Ming Fan
Share Issued (share) 1,081,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Food Additives & Flavouring
Corporate Profile Business Summary: During the year ended 31 December 2019, the Group was principally engaged in the research and development, manufacturing, trading and selling of extracts, flavors and fragrances. It also engaged in design and manufacturing of high-quality electronic cigarettes and the related products as well. Performance for the year: During the year ended 31 December 2019, through its five business segments, the total revenue of the Group amounted to approximately RMB1,641.3 million (2018: RMB1,146.4 million), representing an increase of 43.2% when compared to last year. The Group’s gross profit was increased to approximately RMB763.7 million (2018: RMB588.2 million), representing an increase of 29.8% when compared to last year and the Group’s net profit for the review period was RMB163.5 million (2018: approximately RMB146.3 million) representing an increase of 11.8% when compared to last year. Business Review Flavor enhancers The revenue of flavor enhancers amounted to approximately RMB602.2 million for the year ended 31 December 2019 (2018: RMB602.6 million), representing a slightly decrease of 0.07% when compared to last year and it was due to the severe market condition of the industry. The Group continued to develop new customized premium formula in the flavor enhancer products and assisted this segment to maintain the second top revenue generator position among the Group. Food flavors The food flavors segment recorded a revenue of approximately RMB136.3 million for the year ended 31 December 2019 (2018: RMB144.4 million), representing a mild decrease of 5.6% when compared to last year. Due to the severe competition in the food flavors industry in the PRC and the volatile nature of the market trends, the revenue of this segment had recorded a mild decrease during the year ended 31 December 2019. The Group would continue to develop new flavors from the natural resources and to cater the market trends and to maintain the stable revenue record of this segment. Fine fragrances The fine fragrances segment recorded a revenue of approximately RMB132.4 million for the year ended 31 December 2019 (2018: RMB142.9 million), representing a decrease of 7.3% when compared to last year. The decrease in the revenue of the fine fragrance segment was due to the highly competitive consumer products market. Healthcare products The revenue of e-cigarettes (which comprised disposable e-cigarettes and rechargeable e-cigarettes) and its accessories surged to approximately RMB739.3 million during the year ended 31 December 2019, representing a significant increase of 221.2% from approximately RMB230.2 million of last year. The significant increase was due to the expansion of distribution and trading business of the e-cigarettes products of the Group in South Korea and the United States in the second half of the year 2019. In the third quarter of the year 2019, the Group’s subsidiary in Korea had commenced its trading business. It expanded the distribution network of this segment to reach different levels of customers in Korea through the convenient stores. The Group would continue to develop the trading business in Korea and other parts of the world in the coming years. Investment property The revenue of this segment was approximately RMB31.1 million, representing an increase of 18.3% from approximately RMB26.3 million last year. The increase was due to the continue leasing of most of the properties at Shenzhen which generated stable revenue during the year ended 31 December 2019. Prospects: The Group had undergone corporate restructure during the year ended 31 December 2019 and reorganized certain corporate operation and business function within the Group. Facing 2020, the Group plans to standardise and institutionalise the operation and production units internally in order to improve the efficiency and reinforce the research and development capability. Thus, the quality of the Group's products would be enhanced. Externally, the Group will further expand the Group's oversea distribution networks in the year of 2020 and will continue to maintain the market leading position. The Company will continue to develop new products and to provide quality products to cater the customers’ demand. The year of 2020 begins with a more severe market situation because of the sudden outbreak of the COVID-19, which gives an unprecedented destruction on the global economy. As the pandemic continues to spread, most of the trading activities in many countries are affected. The Group will closely monitor the business development under the outbreak of the COVID-19 and may take appropriate action to adjust the Group's future plans when necessary. In long term, the Company continues to seek opportunities to bring positive and substantial returns to the Group's shareholders and benefits to the stakeholders of the Group.

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