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Public company info - Zhuoxin International Holdings Limited , 08266.HK
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Zhuoxin International Holdings Limited, 08266.HK - Company Profile
Chairman MA Chao
Share Issued (share) 412,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry IT Hardware
Corporate Profile Business Summary: The Group is mainly engaged in the following activities:Trading of Electronic Hardware Components (Display and Touch Panel Modules) with Compatibility Solutions Advisory Services; and Property Development and Investment. Performance for the year: The Group recorded revenue of approximately HK$490,866,000 for the year ended 31 March 2020 (2019: approximately HK$501,246,000), representing a year-on-year decrease of 20.7%. All revenue was generated from the trading of electronic parts and components business. Loss attributable to owners of the Company was approximately HK$42,212,000 (2019: approximately HK$26,865,000). The loss per share was 10.2 HK cents (2019: 6.52 HK cents). Business Review Trading of Electronic Hardware Components (Display Modules including mainly IC Drivers and LCD panel) with Compatibility Solutions Advisory Services Revenue for the year ended 31 March 2020 decreased by approximately 20.7%, from approximately HK$501,246,000 in last year to approximately HK$490,866,000 in the current year since The Group’s customers adopted prudent marketing strategies for their businesses due to trade war. A turnaround from profit of approximately HK$916,000 in last year to loss of approximately HK$2,935,000 in the current year was obtained. Property Development and Investment The Group has a real estate development project in the area of Yangjiang City, Guangdong Province, PRC. The project the Group held is still in active sales by the associate company on the few remaining residential and commercial units. The Group will continue with its cautious investment approach and will make necessary preparations against possible adverse conditions due to market competition and tightened government policies for the sector. During the period, the Group has one property investment, which is located in Yangjiang City. The property investment located in Yangjiang City comprises 2 vacant lands of total site area of approximately 16,128 square meters, which are opened for sale currently. Prospects: The management of ETC Technology Limited (“ETC”) will continue to enforce its effective cost controls including renegotiating favourable credit terms with major vendors. Besides, the management has begun renegotiating credit terms with existing customers for a shorter credit period. Hence, The Group’s customer base will be optimised to utilise The Group’s financial resources in the most efficient way to reduce the finance costs. However, the management predicts overall market condition will be difficult as global smartphone shipment declined in 2019 and the outlook for 2020 is still conservative. Other external factors, such as potential trade war and exchange rate fluctuation may cast darker cloud. The management of ETC will continuously review their business approach and will make necessary preparations against possible adverse conditions due to trade war and market competition. For the property development business, it is still in an adjustment period since the last quarter of 2017 that the PRC government have lifted the purchase restrictions for properties in some third and fourth-tier cities, including Yangjiang City. The management will continuously and carefully balance The Group’s business strategy in this heavily government policy-influenced market. The Group will closely monitor the market conditions in Yangjiang City and will also actively seek for potential business opportunities elsewhere. Moving forward, the Group will continue to work hard on The Group’s existing businesses, and will actively looking for new investment opportunities while optimising The Group’s financial resources. The Group are committed to enhancing the business performance and to bringing better return to The Group’s shareholders.

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