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Public company info - China Trends Holdings Ltd. , 08171.HK

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China Trends Holdings Ltd., 08171.HK - Company Profile
Chairman Xiang Xin
Share Issued (share) 42,734,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry IT Hardware
Corporate Profile Business Summary: The Group is principally engaged in (i) trading of electronic technology and related products, and (ii) media and e-commerce platforms and media advertising services. Performance for the year: During the year ended 31 December 2020, the Group recorded a revenue of approximately HK$166,723,000 (2019: HK$152,449,000), representing an increase of approximately 9.36% as compared to that of previous year. Loss attributable to owners of the Company for the year ended 31 December 2020 was approximately HK$4,088,000 (2019: HK$3,981,000), representing an increase of approximately 2.69% as compared to that of previous year. Business Review: The principal activity of the Company is investment holding. The Group is principally engaged in (i) trading of electronic technology and related products, and (ii) media and e-commerce and media advertising services. On 19 July 2019, the Company entered into a cooperation framework agreement (“Framework Agreement”) with Shen Zhen HengKangda International Food Corp., Ltd.* (深圳市恆康達國際食品股份有限公司) (“Shen Zhen HengKangda”) and Mr. Li Gang (“Mr. Li”) relating to acquire e-commerce/convenience store business, so as to expand the redemption business scale of theWealthstorm Platform underneath the Company. On 7 April 2020, the Company was informed by Mr. Li, that Shen Zhen HengKangda had been actively pushing forward the Framework Agreement entered into between Shen Zhen HengKangda and the Company. As the Company’s share has been suspension of trading decided byThe Stock Exchange of Hong Kong Limited from 11 March 2020, Shen Zhen HengKangda considers suspending the aforementioned cooperation projects and looks forward to promoting new cooperation the next step after the Company’s development being clearer On 6 November 2019, Boss Dream (China) Limited (“Boss China”), a subsidiary of the Company entered into a framework agreement (the “Framework Agreement”) with Winn Tech-Winn Technology Co., Ltd. (“Winn Tech-Winn”) in relation to electric products trading business, pursuant to which both parties agreed to cooperate in the following 10 years on electric products trading business. In the ten years from 1 November 2019 to 31 October 2029, Winn Tech-Winn would purchase the total value of goods from Boss China for approximately RMB200 million per year (including applicable value-added tax at that time). The actual payment amount would subject to the purchase order amount issued by Winn Tech-Winn. On 9 April 2020, Boss China was informed by WinnTech-Winn, that WinnTechWinn had been actively pushing forward the implementation of the Framework Agreement between WinnTech-Winn and Boss China. As the Company’s share has been suspension of trading decided by the Stock Exchange from 11 March 2020, Winn Tech-Winn considers suspending the aforementioned cooperation project and looks forward to promoting new cooperation when there is new opportunity in the future. On 1 March 2021, the Company entered into a cooperation agreement (“Cooperation Agreement”) with 創新未來有限公司 (“Innovation Future”), Mr. Wong Wai Man and Ms. Lau Nga Sze so as to expand the business scale of the Company Pursuant to the Cooperation Agreement, any electronic products with innovative materials or consumer products that have been approved by the Company and have overseas markets (in countries or regions other than Mainland China) can be developed and produced by Innovation Future. Innovative Future is responsible for the sales of the above-mentioned products in the overseas market, and the Company is responsible for arranging sales in the Mainland China market (only sell to companies designated or approved by the Company). No matter which market it is sold to, Innovation Future guarantees that the gross margin of sales will not be less than 10%, and for the first year of sales, the total sales revenue will not be less than HK$ 50 million, and after that the total sales revenue every year will not be less than HK$100 million. Prospects: The trading business of the Group has been developing steadily in the past 10 years and will have better development in the coming 10 years. In the environment of the global pandemic, the continuous Sino-USTrade War, and the decision of the Stock Exchange for the Company to enter into the delisting process, three big contracts having been suspended by the business partners, the Group still achieved a continuing performance improvement compared to the same period in 2019, which fully demonstrates the growth of the Group’s business. The Group will continue to develop media and e-commerce and media advertising business in Mainland China. The Company’s Directors and management will dedicate their best effort to lead the Group to strive for the best interests for its shareholders.

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