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Public company info - HongGuang Lighting Holdings Company Limited , 08343.HK
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HongGuang Lighting Holdings Company Limited, 08343.HK - Company Profile
Chairman Zhao Yi Wen
Share Issued (share) 400,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Industrial Goods
Corporate Profile Business Summary: The Group is principally engaged in the design, development, manufacturing and sales of LED beads and LED lighting products in the PRC. Performance for the year: For the year ended 31 December 2018, total revenue was approximately RMB203.7 million, representing an increase of approximately 74.6% as compared with the Previous Year (2017: approximately RMB116.7 million). The profit for the year increased by approximately RMB11.1 million or approximately 86.7% from approximately RMB12.8 million for the year ended 31 December 2017 to approximately RMB23.9 million for the year ended 31 December 2018. Business Review The Group’s revenue increased from approximately RMB116.7 million for the year ended 31 December 2017 to approximately RMB203.7 million for the year ended 31 December 2018. The growth in revenue was primarily attributable to the significant growth in the sales of LED beads in the second half of 2018. Profit for the year ended 31 December 2018 amounted to approximately RMB23.9 million (approximately RMB12.8 million for the year ended 31 December 2017), which represents an increase of approximately RMB11.1 million or approximately 86.7% as compared to the Previous Year. Such increase is mainly due to the increase in revenue from the sales of LED beads. The LED beads produced by the Group are used as core components of backlight LED products, which are in turn the light source for liquid crystal displays (‘‘LCDs’’) as LCDs do not produce light themselves but rely on the backlight products for illumination. LCDs can be applied on consumer electronic products and other electronic devices, which include home appliances, medical electronic devices and commercial devices (e.g. surveillance systems and point-of-sales systems). The popularity and applications of LED displays are rapidly increasing due to its flexibility in designs, as compared to other lighting solutions. Advantages of LED displays includes, (i) miniature in size, (ii) longer lifespan, (iii) more energy efficient, (iv) more environmental friendly; and (iv) wider colour spectrum. According to a recent industry research report conducted by an independent industry consultant, the total market size of backlight LED products in the PRC has increased remarkably in recent years and the total market size of backlight LED products in the PRC is expected to increase at a compound annual growth rate at approximately 6.3% from 2018 to 2023. On the other hand, the Group’s Highly Stable Encapsulated Light-Emitting Diode* (高穩定性封裝發光二極管) and High Heat Dissipation & Uniform Light LED Lighting Product* (高散熱性勻光LED燈具) were both certified as Guangdong Province High-tech Product* (廣東省高新技術產品)bythe Guangdong Hi-tech Enterprise Association* (廣東省高新技術企業協會) in December 2018. Moreover, during 2018, the Group successfully submitted applications for the registration of 10 patents in the PRC. As at 31 December 2018, the Group is the registered proprietor of 18 patents in the PRC. To further enhance the Group’s research capacity, the Group has commissioned the School of Applied Physics and Materials Science of the Wuyi University (五邑大學), one of the top-tier universities in the Guangdong Province, to conduct specific research projects for the Group. The Group’s wholly owned subsidiary, Zhuhai HongGuang, being an enterprise of high and new technology, also continued to enjoy a preferential enterprise income tax rate of 15% in 2018. Prospects: With the PRC’s enduring policy initiative to promote energy-saving business and domestic manufacturing and the above-mentioned favourable prospects of LED displays, the Group stays optimistic about the growth and business opportunities ahead.

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