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Public company info - Kidztech Holdings Limited , 06918.HK
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Kidztech Holdings Limited, 06918.HK - Company Profile
Chairman Yu Huang
Share Issued (share) 521,000,000
Par Currency Hong Kong Dollar
Par Value 0.001
Industry Toys
Corporate Profile Business Summary: The Group is principally engaged in manufacturing and sales of toys. Performance for the year: Revenue for FY2020 was approximately RMB295.9 million (FY2019: approximately RMB325.8 million), representing a decrease of approximately 9.2%. Gross profit margin for FY2020 was approximately 33.8% (FY2019: approximately 37.5%), representing a decrease of approximately 3.7%. Profit for FY2020 before listing expenses(i) was approximately RMB36.6 million (profit for FY2019 before listing expenses(i): approximately RMB51.8 million), representing a decrease of approximately 29.4%. Profit for FY2020 was approximately RMB24.1 million (FY2019: approximately RMB35.4 million), representing a decrease of approximately 31.9%. Basic and diluted earnings per Share for FY2020 was approximately RMB4.8 cents (FY2019: approximately RMB8.2 cents per share), representing a decrease of approximately 41.4%. Business Review The Group has a vision of becoming a smart interactive entertainment product provider. The Group is principally engaged in the design, development, manufacture and sale of high-quality smart toy vehicles, smart interactive toys and traditional toys and the sale of smart hardware products. The Group’s total revenue decreased by approximately 9.2% from approximately RMB325.8 million for FY2019 to approximately RMB295.9 million for FY2020. In light of the outbreak of the coronavirus disease 2019 (“COVID-19”), there was adjustment in focus in different major markets by the Company. The Company took the initiative to reduce its sales to markets in Europe and the United States of America (the “US”) which are places more seriously affected by COVID-19, resulting in a decrease in the amount and proportion of revenue attributable to direct sales to such overseas customers. The People’s Republic of China (the “PRC”) continued to be the Group’s biggest market in 2020, contributing approximately 65.6% of revenue (among which, approximately 47.7% was indirect sales to overseas made through the export-oriented wholesalers based in the PRC which principally export and sell toys to overseas wholesalers and retailers and mainly onward export the Group’s products to the overseas market (the “PRC Export-Oriented Wholesalers”), while approximately 17.9% of which was domestic sales made through the PRC domestic-sale-oriented wholesalers and retail sales in the PRC market). Europe as a whole contributed approximately 10.8%, the North America contributed approximately 18.0%, Asia (excluding the PRC) contributed approximately 3.9% and approximately 1.7% came from Oceania, South America and Africa. Prospects: Due to the outbreak of COVID-19, the Group’s operations were being affected and will still be subject to further development of the outbreak of COVID-19 and government advice or restrictions. The Directors will continue to assess the impact of the epidemic on the Group’s operation and financial performance and closely monitor and manage the Group’s exposure to the risks and uncertainties in connection therewith. The Group will take appropriate measures as necessary and inform the Shareholders and potential investors of the Company as and when necessary. On the other hand, with the aim of further developing its business and continuing its growth and also taking into account the development of the current epidemic situation and the intense relations between China and the United States, the Group will implement the following strategies: • continue to prioritise and focus on overseas market by (i) maintaining and strengthening relationship with its existing direct overseas customers; and (ii) staying alert to the epidemic, while expanding the customer base and continuing to prioritise and focus on overseas markets; • continue to strengthen, expand and diversify its customer base by focusing on (i) the PRC Export-Oriented Wholesalers; and (ii) the PRC retailers; • diversify its product offerings through continuous development of new products and global licensing strategy; • expand its production capacity and improve its production efficiency; and • allocate more resources to expand domestic sales.

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