Share This

Public company info - China Candy Holdings Ltd. , 08182.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China Candy Holdings Ltd., 08182.HK - Company Profile
Chairman Yvonne Hung
Share Issued (share) 1,608,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Packaged Foods
Corporate Profile Business Summary: The group is a candies manufacturer in China with over 15 years’ history. Products the group produced include jelly drops candies, aerated candies, hard candies and chocolate-made products. Performance for the year: Revenue of the Group decreased by approximately 6.7% from approximately RMB81,224,000 for the year ended 31 December 2015 to approximately RMB75,757,000 for the Year. Gross profit of the Group decreased by approximately 21.9% from approximately RMB20,466,000 for the year ended 31 December 2015 to approximately RMB15,983,000 for the Year. Business Review: During the Year, the Group maintained its focus in manufacturing various candies products. Among the different candies products which the Group produces, jelly drop candies remained the product with the largest production volume, while the production volume for hard candies, being the second largest type of candies the Group produces, decreased. The Group launched a series of soft piping technique candies (軟裱花工藝糖), fudge cakes (蛋糕軟糖) and squeeze candies ( 擠壓糖) during the Year. The revenue of the Group for the Year was affected by the decrease in the sales to certain major customers of the Group. The economic slowdown in the PRC for the Year and the competitive market environment faced by the Group, especially in the Philippines market had in part led to the drop in the sales to some key customers of the Group. The decrease in sales volume in the Philippines market had in turn led to a lowering of sales price in response to the drop in sales volume. On the other hand, increase in revenue in the United States had partially offset the aforementioned negative impact on the Group’s revenue, as the Group was able to increase sales to new customers in the region with a series of marketing initiatives. Overseas customers continue to be the major source of the Group’s revenue for the Year. Given the strategic importance of the overseas market, the Group continued to broaden its overseas customer base through attending exhibitions in Germany, Thailand and South Africa to promote its products during the Year. Ongoing product improvement and product offerings enhancement were achieved with (i) the Group’s strength in maintaining a diversified and innovative products portfolio which the Directors consider crucial in enticing existing and new customers; and (ii) the Groups’ commitment to stringent quality standards and quality control and excellent workplace condition. Prospects: Growth opportunities are expected to be ample in 2017 as the outlook of the confectionery industry looks optimistic. According to a study of a market research firm, the global confectionery market will grow at a compound annual growth rate (CAGR) of 3.80% in the forecasted period of 2016-2020. The confectionery market in the US is projected to grow at a CAGR of 1.57% by revenue during the forecasted period of 2016-2020, while the China confectionery market is poised to enjoy a CAGR of 5.1% between 2015-2020, which will make China the second largest confectionery market by 2020 at an expected volume of 1.4 billion kilograms. Chinese population’s increasing disposable income and interest in Western-style sweets contributed to the fast expansion pace of the market. The soaring raw material costs faced by the Group, however, could dampen the positive outlook, as the supply deficit of sugar (one of the Group’s key raw materials) relative to demand experienced in 2016 is expected to continue in 2017. The Directors are aware that the purchasing power of foreign consumers in 2016 had decreased owing to the global economic downturn, which, given the ongoing intensive competition from other candies manufacturers and economic slowdown in the PRC, could adversely impact the Group’s turnover in the forthcoming year. Despite the challenges ahead, the Group will endeavour to bolster its position in the confectionery industry by strengthening its team, refining its management, expanding its product offerings and its production capacity, as well as attending overseas exhibitions to promote its products and develop new markets and customers. The Group will continue to pursue business opportunities in the confectionery industry, so as to generate greater value for the Shareholders.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.