Tongda Hong Tai Holdings Ltd · HKEX:2363
Tongda Hong Tai — H1 2020 Earnings Presentation
13 slides from Tongda Hong Tai's earnings presentation, Aug 20, 2020
Slide 1: 2020 Interim Results Announcement
Tongda Hong Tai Holdings Limited Stock code：02363.HK 2020 Interim Results Announcement 20 August 2020 1
Slide 2: Content
Content 1 Mile Stone P.2 2 Executive summary P.3 3 Key financial figures P.5 Executive summary 4 Appendix P.9 1
Slide 3: Mile Stone
Mile Stone March 2010 Tongda Suzhou* established in Changshu, the PRC August 2010 Tongda Suzhou* accredited ISO9001:2008 recognition April 2011 Tongda Suzhou* accredited ISO14001:2004 recognition February 2016 Tongda Suzhou* accredited Honest enterprise with over million tax paid award November 2016
Slide 4: Executive Summary – Key to Success
Executive Summary – Key to Success Major Ultimate Brand Owners Major OEM Customers Comprehensive “one-stop” manufacturing solution Wide range of decorative methods Enhanced automated production Strong research and development capabilities Strong relationship with leading OEM customers of first-tier
Slide 5: Executive Summary – Use of listing proceeds
Executive Summary – Use of listing proceeds Utilised Unutilised amount amount Percentage (as at (as at to total Net 30 June 30 June Purpose amount proceeds 2020) 2020) HK$ million HK$ million HK$ million Lease of factory 15.1% 7.3 1.4 5.9 Refurbishment of the new factory as mentioned above 19.9% 9.6
Slide 6: Key Financial Figures
Key Financial Figures Six months ended 30 June 2020 2019 Change % Revenue HK$188.0 million HK$253.1 million -25.7% Gross Profit HK$9.4 million HK$36.0 million -73.9% Gross Profit Margin 5.0% 14.2% -9.2 p.p. Research & Development Costs HK$9.2 million HK$10.3 million -10.6% Research & Development Cos
Slide 7: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 30 June 2020 As at 31 December 2019 CAPEX HK$1.6 million HK$21.1 million Net Assets HK$269.9 million HK$299.1 million Net Assets per Share HK$1.43 HK$1.58 Current Assets Ratio 1.45 Times 1.45 Times Cash and Bank Balances HK$16.7 million HK$31.2 million (Includes P
Slide 8: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 30 June 2020 As at 31 December 2019 Change in days Inventory Turnover Days1 343.6 251.7 +91.9 Trade and Bills Receivables Turnover Days2 232.0 185.3 +46.7 Trade and Bills Payable Turnover Days3 113.3 75.7 +37.6 For 30 June 2020 1. (Opening + Ending inventory) / 2
Slide 9: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 30 June 2020 As at 31 December 2019 Inventories (HK$’000) Change % Raw Materials 48,678 43,852 -0.1% Work in Progress 172,193 186,780 +7.4% Finished Goods* 109,755 139,695 -17.4% Total 330,626 370,327 -3.3% * As at 31 December 2018, moulds of HK$421,000 are includ
Slide 10: Appendix
Appendix For the period ended 30 June Change 2020 2019 HK$‘000 HK$‘000 REVENUE 188,011 253,076 -25.7% Cost of sales (178,624) (217,051) -17.7% Gross profit 9,387 36,025 -73.9% Other income 1,026 230 +400.0% Selling and distribution expenses (4,284) (5,140) -15.7% General and administrative expenses
Slide 11: Forward-Looking Statement
Forward-Looking Statement FORWARD LOOKING STATEMENT: This presentation contains “forward-looking statements” which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding Tongda Hong Tai’s future results of operations, financial condit
Slide 12: Disclaimer
Disclaimer Disclaimer The material contained herein is a presentation of general background information about the Company’s activities at the date of the presentation, and is not an offer of securities for sales. It is information given in summary form and does not purport to be complete. It is not
Slide 13: Thank You!
Investor Relations Contact Tongda Hong Tai Holdings Limited Rm1203, 12/F, Shui On Centre, Thank You! 6-8 Harbour Road, Wanchai, Hong Kong Contact Person: Mr. Hedley Tam Tel : （852） 3188-1681 Fax : （852） 3585-3822 Email : info@hongtai.com.hk 13
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