Tongda Hong Tai Holdings Ltd · HKEX:2363
Tongda Hong Tai — FY2018 Earnings Presentation
13 slides from Tongda Hong Tai's earnings presentation, Mar 19, 2019
Slide 1: 2018 Annual Results Announcement
Tongda Hong Tai Holdings Limited Stock code：02363.HK 2018 Annual Results Announcement 19 March 2019 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 31 December 31 December Purpose amount proceeds 2018) 2018) HK$ million HK$ million HK$ million Lease of factory 15.1% 7.3 0.5 6.8 Refurbishment of the new factory as mentioned above 1
Slide 6: Key Financial Figures
Key Financial Figures For the year ended 31 December 2018 2017 Change % Revenue HK$507.4 million HK$580.5 million -12.6% Gross Profit HK$90.1 million HK$110.2 million -18.2% Gross Profit Margin 17.8% 19.0% -1.2 p.p. Research & Development Costs HK$22.8 million HK$17.9 million +27.4% Research & Devel
Slide 7: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2018 As at 31 December 2017 CAPEX HK$14.7 million HK$18.5 million Net Assets HK$381.5 million HK$267.5 million Net Assets per Share HK$2.02 HK$1.85 Current Assets Ratio 1.58 Times 1.35 Times Cash and Bank Balances HK$64.8 million HK$28.3 million (Inclu
Slide 8: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2018 As at 31 December 2017 Change in days Inventory Turnover Days1 254.0 190.4 +63.6 Trade and Bills Receivables Turnover Days2 179.4 135.9 +43.5 Trade and Bills Payable Turnover Days3 71.2 61.0 +10.2 1. (Opening + Ending inventory) / 2 x 365 days / R
Slide 9: Key Financial Figures (Cont.)
Key Financial Figures (Cont.) As at 31 December 2018 As at 31 December 2017 Inventories (HK$’000) Change % Raw Materials 43,852 34,298 +27.9% Work in Progress 186,780 132,278 +41.2% Finished Goods* 139,695 169,280 -17.5% Total 370,327 335,856 +10.3% * As at 31 December 2018, moulds of HK$421,000 (31
Slide 10: Appendix
Appendix For the year ended 31 December Change 2018 2017 HK$‘000 HK$‘000 REVENUE 507,429 580,481 -12.6% Cost of sales (417,341) (470,258) -11.3% Gross profit 90,088 110,223 -18.3% Other income 5,696 4,757 +19.7% Selling and distribution expenses (14,120) (11,393) +23.9% General and administrative ex
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. Paan Chan Tel : （852） 3188-1681 Fax : （852） 3585-3822 Email : info@hongtai.com.hk 13
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