Share This

Public company info - Inno-Tech Holdings Ltd. , 08202.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Inno-Tech Holdings Ltd., 08202.HK - Company Profile
Chairman -
Share Issued (share) 1,048,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Advertising
Corporate Profile Business Summary: The Group is principally engaged in buses and bus stations advertising business in the People’s Republic of China (the “PRC”). Performance for the year: The Group reported a revenue of approximately HK$48,121,000 for the year ended 30 June 2017, representing an increase of approximately 14% compared with the revenue of approximately HK$42,208,000 for the year ended 30 June 2016. Basic loss per share from continuing operations as at 30 June 2017 was HK$2.01 (2016: basic loss per share HK$0.22 (restated)). Business review: Buses and bus stations advertising business in the PRC The Group continues to focus on the business operations of having outdoor advertising on buses and bus stations. The major customers in such business segment include media agency and customers of medical and communications industry. The major suppliers include bus and bus stations owners and advertising production companies for provision of outdoor media resources. It persistently pursues the development in the following possible ways: – Expands the advertising network; – Expands the customer base; – Increases the utilization of the Group’s media resources; – Enhances pricing strategy; and – Focuses on sales and marketing. During the year ended 30 June 2017, the Group’s bus and bus stations advertising business in the PRC reported a 10.84% increase in revenue to HK$46,785,000 from HK$42,208,000 in 2016. Television advertising business in the PRC Due to challenging and competitive operating environment in the PRC, the Group has scaled down the investment in this sector in order to allocate more resources on other major sectors and explore new business opportunities. There is no revenue reporting for the year ended 30 June 2017 (2016: Nil). Event management and marketing services in Hong Kong The Group commenced event management and marketing services business in Hong Kong in October 2016 which is now one of the sources of income of the Group. During the year, the Group provided services to exhibitors and organizers in numerous events. The Group would provide tailor-made and customized services for clients according to their specific needs for event promotion, event organization and event arrangement. For the year ended 30 June 2017, the Group’s event management and marketing services business in Hong Kong reported revenue amounting to approximately HK$1,336,000. Hong Kong has received worldwide recognition as one of the best destinations for meetings, incentives, conventions and exhibitions and business travelers. There are more than 50 venues in various sizes are available in Hong Kong for exhibitions and conventions. In 2016, Hong Kong has hosted more than 100 exhibitions. In addition, (i) the Hong Kong Tourism Board established “Meetings and Exhibitions Hong Kong” since 2008 to continue strengthening the city’s position as the number one destination for meeting, incentive trips, conventions, and exhibitions in Asia Pacific; and (ii) the government has proposed to mount a study on developing new convention and exhibition venues in Wan Chai in the 2017 Policy Address in order to cope with the tight exhibition space supply. As such, it is foreseeable that there will be demand for event management and marketing services and the prospect of this business segment is optimistic. Prospects: The Board will continue to explore and evaluate new businesses and investment opportunities which could be of good potential and/or longterm benefit to the Group and the shareholders of the Company (the “Shareholders”). The Board will take a cautious and conservative approach in the evaluation and timing of potential projects or investments, including and constantly keep reviewing the Group’s strategies and operations with a view to improve its business performance and the Shareholders’ returns.

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) 2020Suntek 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.