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Public company info - ST International Holdings Company Limited , 08521.HK
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ST International Holdings Company Limited, 08521.HK - Company Profile
Chairman Wong Kai Hung Kelvin
Share Issued (share) 480,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Textile & Apparels
Corporate Profile Business Summary: The group are principally engaged in sales of functional knitted fabrics and apparel. Performance for the year: The Group’s revenue decreased by HK$70,497,000 or 36.9%, from HK$191,180,000 for FY2019 to HK$120,683,000 for FY2020. the profit for FY2020 attributable to owners of the Company decreased by HK$28,881,000 or 82.5% from HK$34,992,000 for FY2019 to HK$6,111,000 for FY2020. Business Review: The Group is principally engaged in the provision of functional knitted fabrics in the PRC. The products are primarily sold directly to (i) lingerie and apparel brand owners; (ii) sourcing agents; and (iii) garment manufacturers. The Group continues to design functional knitted fabrics through its product innovation capabilities, source its raw materials comprising primarily synthetic fibres and yarns and engage third party factories to carry out production processes comprising yarn spinning, knitting and dyeing, for its direct sales of functional knitted fabrics to the customers. With a view to diversifying the Group’s source of revenue and creating cross-selling opportunity, the Group also engages in the sales of apparel to its customers which are lingerie and apparel brand owners. During FY2020, the Group has continued to grow its business through promoting existing functional knitted fabrics and yarns and introducing new customers. The Group has also continued to recruit new talented sales and marketing executives to develop new markets during FY2020. Prospects: The management of the Company is of the view that the Group’s business and operation have been affected by the outbreak and the continual spread of COVID-19 since January 2020. The global epidemic has continuously resulted in lockdowns and disruption of transportations in various countries and regions as well as economic downturn in the global economy. However, the economy in the PRC is already on the path of recovery from the pandemic and there has also been certain rebound in demand of the Group’s products from the Group’s customers since the second half of 2020. The Board expects the recovery of demand for the Group’s products will continue in the first half of 2021 and the management of the Group is closely monitoring the market situation and continuously evaluating the impact of the epidemic to the Group’s operation and financial performance and will make adjustments to the Group’s business plan and operations, if necessary, so as to capture the momentum of economic recovery for the Group. The Group will continue to devote more resources towards the research and development of functional knitted fabrics as well as the dyeing methodology. The Group will focus on the following business strategies: (i) to strengthen the Group’s market position in the PRC by improving its product offering; (ii) to expand into different market segments by strengthening the Group’s marketing efforts; and (iii) to recruit talents to support the Group’s future growth.

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