Tongda Hong Tai Holdings Ltd · HKEX:2363
Tongda Hong Tai — FY2020 Earnings Presentation
13 slides from Tongda Hong Tai's earnings presentation, Mar 29, 2021
Slide 1: Tongda Hong Tai Holdings Limited 2020 Annual Results Announcement
Tongda Hong Tai Holdings Limited Stock code：02363.HK 2020 Annual Results Announcement 29 March 2021 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: Milestone
Milestone 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 31 December 31 December Purpose amount proceeds 2020) 2020) HK$ million HK$ million HK$ million Lease of factory 15.1% 7.3 1.7 5.6 Refurbishment of the new factory as mentioned above 1
Slide 6: Key Financial Figures
Key Financial Figures For the year ended 31 December 2020 2019 Change % Revenue HK$472.4million HK$532.9 million -11.4% Gross Profit (HK$17.5)million HK$19.9 million -187.9% Gross Profit Margin -3.7% 3.7% -7.4p.p Research & Development Costs HK$22.3million HK$21.6 million -5.3% Research & Developmen
Slide 7: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2020 As at 31 December 2019 CAPEX HK$9.6 million HK$21.1 million Net Assets HK$144.0 million HK$299.1 million Net Assets per Share HK$0.76 HK$1.58 Current Assets Ratio 1.25 Times 1.45 Times Cash and Bank Balances HK$37.2 million HK$31.2 million (Includ
Slide 8: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2020 As at 31 December 2019 Change in days Inventory Turnover Days1 260.8 251.7 +9.1 Trade and Bills Receivables Turnover Days2 193.7 185.3 +8.4 Trade and Bills Payable Turnover Days3 90.2 75.7 +14.5 1. (Opening + Ending inventory) / 2 x 365 days / Rev
Slide 9: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2020 As at 31 December 2019 Inventories (HK$’000) Change % Raw Materials 48,612 48,709 -0.2% Work in Progress 138,611 160,326 -13.5% Finished Goods* 90,925 132,930 -31.6% Total 278,148 341,965 -18.7% Trade and Bills Receivables, net As at 31 December 2
Slide 10: Appendix
Appendix For the year ended 31 December Change 2020 2019 HK$‘000 HK$‘000 REVENUE 472,368 532,939 -11.4% Cost of sales (489,832) (513,063) -4.5% Gross profit (17,464) 19,876 ->100% Other income 1,987 1,834 +11.1% Selling and distribution expenses (9,064) (10,227) -10.8% General and administrative exp
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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