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Public company info - Golden Power Group Holdings Ltd. , 03919.HK
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Golden Power Group Holdings Ltd., 03919.HK - Company Profile
Chairman Chu King Tien
Share Issued (share) 240,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Industrial Goods
Corporate Profile Business Summary: The principal activity of the Company is investment holding. The Group is principally engaged in the manufacture and sale of a broad range of batteries for various electronic devices to Hong Kong, the People’s Republic of China (“the PRC”) and international markets. Performance for the year: Recorded a revenue of approximately HK$314.20 million for the year ended 31 December 2019 (the “Year”) (2018: approximately HK$323.53 million), representing a slightly decrease of approximately 2.88% as compared with the year ended 31 December 2018 (the “Last Year”). Profit attributable to shareholders of the Company for the Year was approximately HK$7.38 million (2018: approximately HK$6.20 million), representing an increase of approximately 19.03%. The basic earnings per share for the Year was HK3.08 cents (2018: HK2.58 cents). Business Review The Shares were listed on GEM (the “Listing”) of the Stock Exchange on 5 June 2015 (the “Listing Date”) and were successfully transferred to the Main Board of the Stock Exchange (the “Transfer of Listing”) on 10 November 2017. The Group is principally engaged in the manufacture and sale of a broad range of batteries for various electronic devices to the PRC, Hong Kong and international markets under both its own brand “Golden Power” and the brands of its private label and OEM customers. The products are mainly categorised into two segments, namely (i) disposable batteries; and (ii) rechargeable batteries and other battery-related products. The disposable batteries are categorised into two sub-segments, namely (i) cylindrical batteries; and (ii) micro-button cells. Other battery-related products include battery chargers, battery power packs and electric fans. The revenue of cylindrical batteries for the Year decreased by approximately HK$5.77 million from approximately HK$222.96 million for the Last Year to approximately HK$217.19 million for the Year, which was equivalent to a decrease in approximately 2.59% in revenue of cylindrical batteries. Such decrease in revenue was mainly due to decrease of the demand in PRC during the Year. The revenue of micro-button cells for the Year decreased by approximately HK$5.22 million from approximately HK$97.80 million for the Last Year to approximately HK$92.58 million for the Year which was equivalent to a decrease in approximately 5.34% in revenue of micro-button cells. The revenue of rechargeable batteries and other battery-related products for the Year increased by approximately HK$1.67 million from approximately HK$2.77 million for the Last Year to approximately HK$4.44 million for the Year which was equivalent to approximately 60.29% increase in revenue of rechargeable batteries and other battery-related products. Such increase in revenue was mainly from Europe and North America market. Revenue for the Year has decreased slightly by approximately 2.88% to approximately HK$314.2 million from approximately HK$323.53 million in the Last Year. Profit attributable to the shareholders of the Company was approximately HK$7.38 million for the Year as compared to a profit of approximately HK$6.20 million in the Last Year, representing an increase of approximately 19.03%. Earnings per share were HK3.08 cents, as compared to the earnings per share of HK2.58 cents for the Last Year. Prospects: The Group will continue to invest in its production facilities and upgrade the production lines in order to enhance the production capacity and efficiency in 2020. A newly designed automatic production line has been acquired in 2018 for producing HAB. It will improve the production efficiency and product quality to meet the Group’s plan in future expansion. The Group is developing the retail markets for products bearing our own brand “Golden Power” and other private label business. We have started entering into the global retail markets and will continue to expand our global market shares through our co-operation with some well-developed chain stores, e-commerce, online marketplace and distribution network over the world. To maintain our market competition, the Group will undertake restructuring as to the subsidiaries in the PRC in the financial year 2020.

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