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Public company info - Sky Light Holdings Ltd. , 03882.HK
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Sky Light Holdings Ltd., 03882.HK - Company Profile
Chairman Tang Wing Fong Terry
Share Issued (share) 953,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Consumer Electronics
Corporate Profile Business Summary: The Company is principally engaged in Manufacture and distribution of home surveillance cameras , digital imaging products, other electronic products. Performance for the year: For FY2019, the Group recorded a turnover of approximately HK$549.1 million from the ODM/JDM business (FY2018: approximately HK$989.7 million), representing a significant decrease of approximately 44.5% as compared to FY2018. The Group recorded a gross profit of approximately HK$62.5 million for FY2019 (FY2018: approximately HK$173.0 million), representing a decrease of approximately 63.9% as compared to FY2018. The gross profit margin decreased from approximately 17.5% for FY2018 to approximately 11.4% for FY2019. Business Review： The Group is principally engaged in the sales, development and manufacture of home surveillance cameras, 360-degree cameras and other digital imaging products such as police cameras, conference video and other imaging products for various purposes. In particular, the Group is one of the leading digital imaging device and solutions providers for the home surveillance camera industry. Leveraging its substantial experience spanning a diverse range of digital imaging products, the Group differentiates itself from other manufacturers by offering design-driven joint design manufacturing (“JDM”) and original design manufacturing (“ODM”) solutions to customers. ODM/JDM business For FY2019, the Group’s turnover from the ODM/JDM business significantly dropped by approximately HK$440.6 million to approximately HK$549.1 million from approximately HK$989.7 million for FY2018. The drop was mainly caused by the US tariffs imposed to the Group’s most products for the Group’s US customers. The Group’s US customers reduced their orders and halted the project discussions until the Group’s new factory in Vietnam was set up at the middle of 2019. Home surveillance cameras of the Group’s ODM/JDM business was still the major revenue source, and contributed approximately 51.2% of the Group’s total revenue for FY2019. Due to 25% US tariff imposed on the products, the revenue of home surveillance cameras dropped HK$379.0 million compared to FY2018. Prospects: The Group considers that worldwide economy in 2020 will be affected by the aggravation of protectionism and spread of the novel coronavirus (“COVID-19”). After the Group sets up the factory in Vietnam at the middle of 2019, the Group’s US customers don’t need to worry about paying the tariffs. With their consent, the Group will move all the Group’s production for US customers to Vietnam in 2020. The Group hopes that the Group can save cost and will have more business opportunities. In order to widen the Group’s product lines with the Group’s technical know-how, the Group is developing a new product for educational market which is growing very fast in China. In order to improve the Group’s financial result and turnaround as soon as possible, the Group will work hard to increase market share and deliver high-quality products and solutions to the Group’s customers by pursuing the following strategies: • Continue to develop innovative products and explore other potential product lines with the Group’s technical know-how; • Actively explore the market in Japan, Europe and Mainland China; • Save cost by optimizing and improving the operations both in China and Vietnam factories.

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