Share This

Public company info - Speed Apparel Holding Limited , 08183.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Speed Apparel Holding Limited, 08183.HK - Company Profile
Chairman Chan Wing Kai
Share Issued (share) 500,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Apparel
Corporate Profile Business Summary: The Company is an investment holding company and its subsidiaries are principally engaged in provision of apparel supply chain management service selling knitwear apparel products to its customers. Performance for the year: The Group’s revenue increased by approximately 10.9%, or approximately HK$42.6 million, from approximately HK$390.4 million for the year ended 31 March 2018 to approximately HK$433.0 million for the year ended 31 March 2019. The Group’s gross profit significantly increased to approximately HK$83.5 million for the year ended 31 March 2019 from approximately HK$64.5 million for the year ended 31 March 2018, representing an increase of approximately 29.5%. The Group’s gross profit margins increased to approximately 19.3% for the year ended 31 March 2019 from approximately 16.5% for the year ended 31 March 2018. Total comprehensive income attributable to owners of the Company amounted to approximately HK$27.1 million for the year ended 31 March 2019, representing an increase of approximately 90.8% from approximately HK$14.2 million for the year ended 31 March 2018. The Company’s basic earnings per share for the year ended 31 March 2019 was approximately 5.5 HK cents (2018: approximately 2.9 HK cents), representing an increase of approximately 2.6 HK cents, or approximately 89.7%. Business Review: The Group recorded revenue of approximately HK$433.0 million for the year ended 31 March 2019, representing an increase of approximately 10.9% as compared to the amount of approximately HK$390.4 million for the corresponding period last year. The increase in the Group’s revenue for the year ended 31 March 2019 was mainly attributable to the change of customer mix as the Group solicited a significant new customer (the “New Customer”) based in the USA which contributed approximately 31.1% of the Group’s total revenue for the year ended 31 March 2019. The Group’s gross profit for the year ended 31 March 2019 amounted to approximately HK$83.5 million (for the year ended 31 March 2018: approximately HK$64.5 million). The Group’s gross profit margins increased to approximately 19.3% for the year ended 31 March 2019 from approximately 16.5% for the year ended 31 March 2018. Such increase in the Group’s gross profit margins was mainly attributable to (i) the significant decrease in purchase orders of knitwear products with lower gross profit margins from the existing major customers of the Group and (ii) the expansion of the customer mix as aforementioned. The Group’s total comprehensive income attributable to owners of the Company increased significantly from approximately HK$14.2 million for year ended 31 March 2018 to approximately HK$27.1 million for the year ended 31 March 2019, representing a significant increase of approximately HK$12.9 million or approximately 90.8%. Such significant increase was mainly attributable to the increase in the Group’s revenue and the overall increase in its gross profit margins as aforementioned. Despite the continuing challenges of the global economies and the trading environment, the Group was able to strengthen and diversify its customers’ base by securing the New Customer outside the Japan market. To cope with the challenging global business environment and to cater to its expansion plan, the Group held a grand opening of the showroom in Japan in late June 2018. By setting up a showroom, and an office for a design team and an account servicing team in Japan, the Group is able to display and promote more sample products to customers and to respond to customers’ demands in a more efficient and effective manner which in turn may create more business opportunities and further strengthen the corporate image to the existing and potential customers. Prospects: The Group expects the coming year to remain challenging due to keen competition within the industry and the trade war between the PRC and the USA. The Group will continue to develop and create more promotion samples for further expansion of the Group’s product variety to cater to the existing and potential customers’ needs. Furthermore, by setting up a showroom, and an office for a design team and an account servicing team in Japan, the Group will be able to display and promote more sample products to customers and to respond to customers’ demands in a more efficient and effective manner which in turn may create more business opportunities and further strengthen the corporate image of the Group to the existing and potential customers. In view of the foregoing, the Directors believe that the Group will be able to continuously attract and solicit new customers as well as new fashion brands, including but not limited to, the Japan market which in turn will drive the business growth of the Group in the long run. The Directors will also continue to explore opportunities to diversify the Group’s operations so that the customer base of the Group could be further strengthened and diversified. The Directors will continue to review and evaluate the business objectives and strategies and make timely execution taking into account the business risks and market uncertainties. The Directors believe that the Group are able to retain existing customers by offering satisfactory supply chain management solutions.

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.