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Public company info - Shentong Robot Education Group Company Limited , 08206.HK

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Shentong Robot Education Group Company Limited, 08206.HK - Company Profile
Chairman He Chen Guang
Share Issued (share) 1,896,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry E-Commerce & Internet Services
Corporate Profile Business Summary: The Group is principally engaged in (i) operation of an electronic platform (“e-Sports Platform”) for online computer game tournaments; (ii) operation of a licensed online game “Sudden Attack”; and (iii) selling and distribution of computer games. Performance for the year: The Group recorded a revenue of approximately HK$91,507,000 (2016: HK$34,684,000) for the year ended 31 March 2017, representing an increase of approximately 163.8% as compared with the year ended 31 March 2016 which was primarily due to the consolidation of the results of the Target Group upon completion of the Acquisition. The Group’s gross profit for the year ended 31 March 2017 amounted to approximately HK$55,540,000 as compared to approximately HK$23,664,000 for the year ended 31 March 2016. The increase was mainly attributable to the consolidation of the results of the Target Group upon completion of the Acquisition. Selling and distribution and administrative expenses for the year ended 31 March 2017 was approximately HK$43,338,000 as compared to approximately HK$40,652,000 for the year ended 31 March 2016. The increase was mainly attributable to the consolidation of the results of the Target Group upon completion of the Acquisition. The Group made a profit attributable to owners of approximately HK$3,846,000 for the year ended 31 March 2017 as compared to a loss of approximately HK$20,370,000 for the year ended 31 March 2016. The improvement was mainly attributable to the completion of the Acquisition. Business Review: During the reporting period, the Group’s revenue were mainly attributable to the provision of robotics training courses and others in Heilongjiang Province of the PRC and the provision of promotion and management services of electronic smart card “Shentong Card” in the PRC. With the completion of the Acquisition, the Group has obtained the exclusive right to host CRC competition events and provide related CRC education and training (collectively, the “CRC Business”) in Heilongjiang Province. The CRC Business in Heilongjiang Province achieved a leap-forward development in the past year and brought the province’s quality robot education to a new milestone with wide recognition from the general public as well as from the market. To better reflect the Group’s business activities and development directions, the Company officially changed its name to “Shentong Robot Education Group Company Limited” in August 2016 with a clearer corporate image. Heilongjiang Province is one of the leading regions of China in the development of quality robot education. The Group is the sole organiser of CRC events in Heilongjiang Province with the approval of the General Administration of Sport of China. The CRC Business in Heilongjiang has become an important part of the Group’s development strategy. During the Year, the Group organised a diversified series of CRC events with the focus on land robots and aerial robots such as robotic polo competition, robot obstacle race, off-road robot competition, humanoid robotic dance competition and smart robot innovation competition, in order to tap the potential of the quality robot education market, which attracted kindergarten, primary school, secondary school and university level participants from across Heilongjiang Province. Prominent among them were the 2016 Heilongjiang “China Communication Cup” Robot Tournament Qualifying held in various prefecture-level cities in the province during the year, the “Harbin Bank Cup” Smart Robot Competition held in Heilongjiang Province in July 2016 and the “Back-to-school Season Land Robot Obstacle Challenge” held in February 2017. These novel competitions were very successful and received a lot of attention from all walks of life. By organising CRC events in Heilongjiang Province, the Group effectively promotes the development of quality robot education and makes it take root in the province and develop more related talent. The group believe that various robot competitions will promote the popularisation and development of robot education by providing excellent opportunities for students and schools to explore robotic technologies, particularly in the Group’s key markets of Harbin and Daqing where the influence of quality robot education is increasing. Education and talent development are key to China’s overall development in the future. Promoting China quality education is beneficial for improving the general literacy of the entire population and driving all-round development of students in terms of morality, intellectuality and physical fitness. During the Year, the Group made active efforts to promote the school-based quality robot teaching business in China in coordination with the working committee of the National School Sports Robot League. In this regard, the group organised experience courses including the “Little Pilot” Science and Technology Experience Activity and the 2016 Science Popularisation Day in Heilongjiang Province, which not only expanded the influence of the Group’s quality education business in the local areas but also contributed to the development of China quality education at large. The group is highly confident in the Group’s current positioning with its focus on quality education which combines science, technology and education. Prospects: The CRC Business in Heilongjiang, which has made revenue contributions in the short span of just a little more than ten months, has made a good start in the group's efforts, to optimise the group's operations. The CRC Business in Heilongjiang will also become a driver of the Group’s business growth in the future. The group will further strengthen the group's marketing efforts to expand the CRC business in wider areas of Heilongjiang on top of the group's existing achievements. In addition to consolidating The group's operations in Harbin and Daqing, The group will gradually expand the group's CRC business network to the other 11 prefecture-level cities of Heilongjiang Province. While continuously developing the group's CRC Business network in Heilongjiang Province, the group will keep developing and organising various robot competitions to increase the number of participants in CRC events and training courses. The China Robot Sports Working Committee has planned a number of national robot competitions for 2017. Among them, the Second National Robot Competition will take place in Shandong Province in August 2017. With new competition items, this competition will be more diversified compared to the first session in 2015. At the same time, qualifying and final competitions at varying scales will be held in different regions. As schools and students strive for eligibility of participation, the number of participants in the competition events and relevant training courses will steadily increase. The group is also pleased to announce that Heilongjiang Province will host the first football match using robots as the tools for competition in China, the “First National Robotic Football Competition” in China in the second half of 2017. The new competition is expected to significantly raise the reputation and boost up the development of Heilongjiang’s robot sports and related training programmes and drive the development of the CRC Business in the PRC. “The Development Plan for the Robotics Industry (2016–2020)” jointly issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Finance in April 2016 highlighted measures to organise and implement talent development plans for the robotics industry, strengthen robotics-related programmes at higher learning institutions, and promote robotics professional training education, indicating the great importance attached by the government to robot education. Going forward, The group will enjoy even greater development opportunities. The group will keep a close watch on other development opportunities relating China quality education and explore acquisition opportunities in other provinces and municipalities. In addition, The group will carefully consider expanding the group's business to robot education-related sectors and other sectors with an eye to continuously tapping feasible investment opportunities and achieving the Group’s sustainable business growth. The Chinese government’s support of the education market and the increasing government expenditure on education will drive the development of education as an industry. “The Plan on National Educational Development during the 13th Five-Year Plan Period” issued by the State Council in January 2017 outlined measures to comprehensively deepen the education reform, accelerate education modernisation and build China into an innovative country and a strong country in terms of human resources. The plan suggests prioritising expenditure on education with the aim of ensuring that the national fiscal expenditure on education as a percentage of the GDP will be not less than 4% by 2020, while the number of students at school will only increase, rather than decrease, year by year. Although robot education in China is still in the starting stage with a significant gap with western countries in terms of penetration, China’s education industry will enter a golden era as the country’s middle class expands and Chinese parents attach increasing importance to children’s education. The year 2017 marks year one of the Group in the education market. The group believe that, supported by favourable policy, China’s robot education will have a huge potential of development. The Group’s quality education business in China will achieve stable development and help take China quality education to a new level. To sum up, the Group will continue with its mission to optimise its quality education-related operations. The group will continue to leverage the group's first-mover advantages in China quality education, to develop more high-quality education programmes, and strive to build an all-new portfolio of businesses along the entire industry chain. The group believe that China quality education will gain even more traction and help boost the group’s overall competitiveness and maximise returns to the Group and its shareholders.

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