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Public company info - Lonking Holdings Ltd. , 03339.HK
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Lonking Holdings Ltd., 03339.HK - Company Profile
Chairman Li San Yim
Share Issued (share) 4,280,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Machinery & Equipment
Corporate Profile Business Summary: The principal activities of the Group are the manufacture anddistribution of wheel loaders, road rollers, excavators, forklifts and other infrastructure machinery andthe provision of finance leases for infrastructure machinery. Performance for the year: During the reporting period, the Group’s total operating revenue decreased by RMB124 million to RMB11,744 million from RMB11,868 million in the same period of 2018, representing a year-on-year decline of 1.05%. During the reporting period, the consolidated gross profit margin of the Group was 23.93%, increased by 0.97 percentage point from 22.96% in the same period of 2018. The Group had recorded net profit of RMB1,644 million for the year, increased by RMB500 million as compared with RMB1,144 million for the same period last year. Business Review: Wheel Loaders The revenue generated from wheel loader amounted to approximately RMB6,026 million, representing approximately 51.3% of total Group’s turnover, representing a decrease of 2.1% from last year (2018: RMB6,154 million, approximately 51.9% of total Group’s turnover). ZL50 series continued to be the main revenue source of the Group with turnover for the year reaching RMB5,039 million, a decrease of 4.6% compared with that of last year. ZL30 series continued to be the second largest revenue source of the Group with turnover reaching RMB425 million, a decrease of approximately 3.0% compared with that of last year. ZL40 series accounted for a small proportion in the overall sales with turnover reaching RMB29 million, representing only approximately 0.5% of the total turnover. ZL60 series recorded approximately RMB330 million in sales, representing 5.5% of the total turnover. The turnover from mini wheel loader amounted to RMB203 million, a decrease of 9.4% compared with that of last year. Wheel Loaders remain to be the main sales products of the Group and have become increasingly established and take up a higher market share, although the percentage of its sales to total sales shows a sign of decline. Excavators The revenue generated from excavators amounted to approximately RMB2,122 million, representing for approximately 18.1% of the Group’s total turnover (2018: RMB2,111 million, representing approximately 17.8% of the Group’s total turnover. With the overall recovery of the construction machinery industry, the sales of excavator, a cutting-edge product on which the Group has been focused in recent years, are expected to grow at a rate far above that of other products, and show a fast-growing momentum. Fork Lifts and Road Rollers Revenue generated from fork lifts represented 20% of the Group’s total turnover for the year of 2019 (2018: 19%). During the year, turnover from fork lifts increased by 2.8% to approximately RMB2,374 million (2018: RMB2,308 million). Since fork lifts has become a new source of growth in the Group’s profits in recent years, the Group has been committed to the development of various fork lift products, which are well received by customers. Revenue from road rollers reached RMB113 million, representing a decrease of 28.7% compared with that of last year (2018: approximately RMB159 million). Components The sales generated from components amounted to approximately RMB885 million for the year ended 31 December 2019, a decrease of 1.6% compared with the corresponding period last year (2018: RMB899 million), accounting for approximately 8% of the total turnover of the Group. Finance Lease Interest Turnover from interest income of finance lease represented approximately only 0.02% of the Group’s total turnover in the year of 2019. Prospects: The Group will seize a favorable opportunity for industrial development, take a forward-looking view based on a clear picture of the present, adopt a new mindset, work hard, as well as initiate to take responsibility to focus fully on the construction machinery industry and preserve the Group’s principal businesses, turning the Group’s four host products (loaders, excavators, fork lifts and road rollers) and core components stronger and excellent. The Group will continue to elevate the position of products in the market, attach importance to market planning, refine market segmentation management, rationally adopt flexible marketing strategies, and open up domestic and international markets. As new products carefully created by the Group are gradually introduced to domestic and overseas markets, the market share of loaders continued to remain at the top spot of the industry. The sales growth of the excavators has been striving to achieve a relatively large magnitude, raising the market share and brand influence of excavators. The position of forklifts was further reinforced in the industry, while the market share of road machinery also continued to grow. The Group will enhance information construction, actively promote digital and intelligent transformation and application, place more empahsis on product development and comprehensively improve product quality, as well as develop the Company’s core competitiveness centred on “products” and “quality”. The Company will introduce more technical experts and technical talents, invest more research and development funds, comprehensively sort out the four major categories of products as well as carry out project establishment, promotion, research and development, trial production and testing for each new generation of products. The Group will strengthen the technical development of key components, put more effort in the research and development of the products, intensify efforts in promotion of activities for the year of comprehensive quality management, continuously deepen and tap the potential of internal quality control, improve the full-cycle management and control of the products quality of the suppliers as well as upgrade the quality of various products comprehensively. While grasping the products and markets, the Company will continue to innovate the management system, establish the comprehensive management system, apply “science” in practice to achieve “enhancement” through “changes”, and practice and promote the Group’s core culture and idea of “Lonking family”, to work side by side with all Lonking members for a win-win sharing situation and build a warm home and entrepreneurial paradise together.

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