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Public company info - Tian Yuan Group Holdings Limited , 06119.HK
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Tian Yuan Group Holdings Limited, 06119.HK - Company Profile
Chairman Yang Jinming
Share Issued (share) 600,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Marine & Harbour Services
Corporate Profile Business Summary: The group principally engaged in provision of bulk and general cargo uploading and unloading services, supply and sales of oil products and related ancillary value-added port services in The People’s Republic of China (“China”or the “PRC”). Performance for the year: For the year ended 31 December 2019, the revenue was approximately RMB124.7 million, representing an increase of approximately 51.4% compared to approximately RMB82.4 million for the year ended 31 December 2018. The Group’s cost of sales increased by approximately 121.1% from approximately RMB34.3 million for the year ended 31 December 2018 to approximately RMB75.7 million for the year ended 31 December 2019. Business Review： The Group operates two terminals, namely, Tianyuan Terminal and Zhengyuan Terminal, which are open to the public and focus on bulk cargo and sales of oil products. Both terminals are situated in the Shuidong port area of the Port of Maoming. The Group’s principal activities include: (i) Bulk cargo uploading and unloading services. The Group’s terminals are relatively adaptive and able to handle a variety of non-containerised cargo. For the year ended 31 December 2019 (the “Reporting Year”), the Group mainly handled bulk cargo such as coal, quartz sand, oil products, grains, asphalt and kaolinite as well as a small portion of break bulk cargo and neo-bulk cargo; (ii) Related ancillary value-added port services, which mainly include storage services at the Group’s oil tanks and grain barns as well as lease of the Group’s shovel trucks; and (iii) Supply and sales of oil products. To meet increasing requirements and expectations on production safety standards, the Group has lifted its attention to balance between achieving higher production safety standards and utilisation rate. During the year ended 31 December 2019, the Group achieved a total cargo throughput of approximately 3,968 thousand tonnes, representing a slight increase of approximately 27 thousand tonnes or approximately 0.7% from approximately 3,941 thousand tonnes for the year ended 31 December 2018. The major types of cargos handled by the Group during the Reporting Year were by and large the same as those for the year ended 31 December 2018. During the Reporting Year, the Group has also introduced new cargo types including steel, iron ore powder and palm kernel. The average selling price of the cargo handling fees of the Group remained stable for the year ended 31 December 2019 compared to that for the year ended 31 December 2018. During the Reporting Year, the Group has continued to strengthen the relationship with its existing key customers and further widen its customers base by increasing over certain new customers. The testing and trial run period of the new phase of Zhengyuan Terminal has been extended as certain terminal facilities and loading equipment are not yet available. The testing and trial run period is expected to finish in the year ending 31 December 2020. During the Reporting Year, revenue generated from the sales of oil products has contributed to approximately 29.7% of the total revenue and represented an important revenue stream for the Group. Prospects: In light of the recent COVID-19 outbreak, the Chinese economy has been facing downward pressure and domestic demand is expected to be affected in the short term. Under such challenging circumstances, the Group will be diligent to improve the operational efficiency of the terminals by upgrading terminal facilities and streamlining the processes; concentrate on broadening its cargo sources and diversifying the cargo varieties, enhance the ancillary valued-added port services as well as strengthen the relationship with the Group’s customers. The Group will continue to maintain and promote its high standards in respect of production safety, environmental protection and good hygiene environment. The supply and sales of oil products is expected to be a growth momentum of the Group’s revenue and one of the important revenue streams in the future, while its business strategies will be adjusted timely in response to the market trends and development. The Group may explore to further diversify its businesses to other areas including international energy trading, petrochemical trading and the investment in warehousing facilities located in the PRC to broaden its revenue streams and improve the return on equity. Corporate.

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