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Public company info - Cloud Investment Holdings Limited , 08129.HK
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Cloud Investment Holdings Limited, 08129.HK - Company Profile
Chairman -
Share Issued (share) 2,972,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry System Applications & IT Consulting
Corporate Profile Business Summary: The Group is principally engaged in the computer software and embedded systems development, sales and licensing of the software and systems, development of biotech renewable energy and the provision of financing services. Performance for the year: The consolidated turnover of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 December 2017 amounted to approximately HK$13,203,000, representing a significant increase of 88.5% from the previous year. Loss attributable to owners of the Company for the year ended 31 December 2017 was approximately HK$1,772,000 (2016: approximately HK$7,117,000). The loss per share was HK0.06 cent (2016: HK0.29 cent). Business Review: The Group continuously promotes and strengthens its market positions in both provision of financing services and sales and licensing of software and embedded systems. Revenue derived from sales and licensing of software and embedded systems through online platform performed steadily and remained stable. However, a decrease in packaged software sales of 16.2% was recorded due to decrease in customer demand in market. In view of the limitation on development pace of existing product line including software and embedded systems, the management of the Group diversified its product line into the provision of information technology services, such as designing tailor-made online platform and websites, by utilising the capacity of existing resources in full and generated revenue from provision of I.T. services of approximately HK$973,000 for the year ended 31 December 2017 in order to enhance the existing business of the Group. The Group has been focusing on property mortgage financing services for several years and in this year, the management of the Group has taken active steps to improve the Group’s financial position through fund raising activities. Supported by the proceeds raised from the completion of two placings of new shares under general mandate of the Company in May 2017 and June 2017 as well as the obtainments of external loan facilities from independent third parties, the management of the Group is allowed to actively exploring various ways to diversify the client base and loan portfolios of the existing financing business of the Group. The significant growth in interest income for the year ended 31 December 2017 of almost 67.4% when compared with last year showed the promising improvement in the provision of financing services business. Managing credit risk has been challenging in money lending business and the management has been enhancing the credit policies in order to improve the quality of customers, for example, the group's staffs keep constant contacts with customers leading to prompt response to changes in customers’ behavior. Besides, the Group generated favourable income stream of approximately HK$3.4 million for the year ended 31 December 2017 from the commencement of the provision of financial public relations services business since the second half of 2017 demonstrating its viable and sustainable prospect of substantial growth. In 2017, the Group’s total operating expenses increased by approximately HK$714,000 compared with 2016, representing an increase of 5.4% from the previous year. It mainly included the increase in legal and professional services charges as well as other expenses spent to handle the unexpected issue raised by the Stock Exchange regarding the listing status of the Company since July 2017. Prospects: In light of the demand for money lending for loans has been growing in recent years, the Directors are optimistic about the future prospect in the money lending market in Hong Kong. The Directors have not foreseen any material adverse effect on the money lending market, the Company would continue to seize the opportunities and utilise the working capital available to the Group by allocating more resources in the investment of money lending business in order to enable the Group to maintain and expand the provision of financing services business and to achieve considerable profit contributions as well as diversify the credit risk. Besides, the Group will continue to expand the scale of provision of financial public relations services business with the grasp of huge potential opportunities from the speedy pace of reform of the PRC enterprises and the lasting and healthy growth of interaction of the capital markets of Hong Kong and the PRC. Currently, the Group does not have any commitment or future plans for material investments and capital assets.

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