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Public company info - Netel Technology (Holdings) Ltd. , 08256.HK
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Netel Technology (Holdings) Ltd., 08256.HK - Company Profile
Chairman James Ang
Share Issued (share) 1,214,000,000
Par Currency Hong Kong Dollar
Par Value 0.02
Industry Telecomm. Services
Corporate Profile Business Summary: The Group are principally engaged in telecommunication equipment sales and related services, research and development of IT applications, and provision of IT applications related services including prospecting, recruitment related services and e-commerce and trading business. Performance for the year: The Group recorded a total turnover of approximately HK$56.10 million for the year ended 31 May 2019, an increase of 93.12% from approximately HK$29.05 million for the year ended 31 May 2018. The Group recorded a total comprehensive income attributable to shareholders of approximately HK$3.07 million, as compared with the comparative amount of loss of approximately HK$3.19 million in the previous year. For the year ended 31 May 2019, the Group earned a profit of approximately HK$3.08 million and the net cash used in operations was approximately HK$1.39 million. Business Review: This Year, the Group’s business results changed from loss to a profit because the Group’s business model started to go cross-boundary and globalisation, which enabled further business expansion to cover greater geographical diversity and spread among different industries. Being recognised by numerous large corporations in Hong Kong, GBjobs had recorded soaring growth in its business results. For instance, GBjobs was appointed as the exclusive recruitment agent of the Earn & Learn apprenticeship scheme, which was co-organised by a world-renowned elevator maintenance company and the Vocational Training Council in Hong Kong. GBjobs successfully recruited many freshmen for this project. In respect of prospecting and the related service, the Group successfully held exchange sessions with various chambers and units of commerce in the PRC, and hence attracted various companies to cooperate with us. Since the Group has collected a voluminous data of overseas enterprises, in conjunction with the big data which the Group collected in Hong Kong, the Group’s revenue from advertising and promoting service has been grown rapidly. The fast-growing 散工王 Facebook page, which was created and has been managed by GBjobs for a few years, has attracted increasing number of resumes. In May 2019, the existing registered members on 散工王 Facebook page exceeded 83,000. This figure was significant, considering that there has been two million working population in Hong Kong. The 散工王 Facebook page not only boosted the image of GBjobs, but also derived a considerable amount of revenue from recruiters and business advertisers for their advertisement placements. Prospects: For recruitment service, the Group has launched cross-boundary head hunting service for Hong Kong IT companies to hire engineers in Hong Kong and the PRC. As the companies stationed in Cyberport and the Science and Technology Park have been strongly supported by the government, all the bachelors, masters and doctors employed by these companies are eligible to enjoy certain government wage subsidies. As the number of graduates from all the universities in Hong Kong falls far short of the needs of business community, these companies were having difficulties to employ adequate technical engineers. The Group has successfully signed contracts with various companies stationed in the Science and Technology Park and Cyberport. Anon, certain number of professionals have been successfully employed. The Group’s next strategy is aiming to attract IT engineers from the Philippines and other countries to work in the PRC. Given the PRC’s technology development, the demand for researchers has become enormous. Hence, the Group will focus on the long-term preparation on this issue. As the Group has allocated the Group’s resources to recession-proof businesses and enterprises, the unrest in Hong Kong in the past two months would not materially and adversely affect the Group’s business in Hong Kong. In addition, the Group has responded in a timely manner. The Group’s business in the PRC and Southeast Asia will be further strengthened. The Group has evaluated the intangible assets of the Group’s big data system, with a conclusion that the valuation of the Group’s intangible assets exceeds HK$100,000,000.The Group’s big data system relies on the developed software, which is working round the clock for building a more diversify and mature database. It is similar to that of Google and Baidu for its development model. The difference here is that those platforms collect all the information on the Internet, while the Group only collects on the recruitment data and commercial information. Technology is essential to Hong Kong, while big data is an integral part for the development of technology industry. The development of Hong Kong big data shall involves Netel, since Netel has been engaged in data mining for ten years and played the role as the originator of big data collection in Hong Kong. During the past 17 years of being listed, the Group has allocated its main resources in research and development. While in recent years, the Group has concentrated its efforts on market development. The Group has achieved great performance in 2018-2019 due to the commercialisation from its technology.

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