Monday, November 30, 2020
 
Columnist
Martin Hennecke
 
WONDERFUL SKY
HKEx Stock Code : 01260 
 
Corporate Profile
The Group is mainly engaged in the provision of financial public relations services and organisation and coordination of international roadshow services.

Business Review - For the year ended March 31, 2013

In 2012/2013, despite the adverse impact from market fluctuations, the Group's revenue and profit and total comprehensive income reached a record high. The Group recorded a total revenue of approximately HK$343.5 million and a profit and total comprehensive income for the year of approximately HK$123.6 million, representing a year-on-year growth of approximately 4.5% and 2.7%, respectively. The Group's earnings per share decreased from HK16.0 cents for the year ended 31 March 2012 to HK12.4 cents for the year ended 31 March 2013 primarily because the Company issued 250,000,000 ordinary shares by way of public share offering on 30 March 2012.

During the year, the Group focused operating activities on two business segments offering different types of services, namely the provision of financial public relations services and the organisation and coordination of international roadshow services.

Provision of Financial Public Relations Services (the ¡§Financial PR services¡¨)

Our financial PR services focus on the aspects of (i) public relations services; (ii) investor relations services; (iii) financial printing services and (iv) capital markets branding. Our clients can be categorised into initial public offering clients (the ¡§IPO Clients¡¨) and non-initial public offering clients (the ¡§Non-IPO Clients¡¨). The revenue for Financial PR services was approximately HK$301.2 million, representing a growth of approximately 5.2% compared with that in last corresponding year. The segment results for Financial PR services was approximately HK$161.8 million, representing a slight decrease of approximately 3.4% compared to those in the last corresponding year. The decrease was mainly due to the increase in selling expenses for business development.

During the year ended 31 March 2013, the Group had 16 IPO Clients successfully listed on the Stock Exchange compared to 11 IPO Clients in last corresponding year.

Organisation and coordination of international roadshow services (the ¡§Roadshow services¡¨)

Our Roadshow services include coordinating and managing the overall logistics of investor presentations for our clients to ensure that the roadshow would run smoothly, which allows our clients to concentrate on the marketing aspect of their roadshow. During the year ended 31 March 2013, our revenue and segment results from international roadshow business were approximately HK$42.3 million and HK$8.4 million, respectively, which maintained steady compared to that in the last corresponding year of HK$42.4 million and HK$8.4 million, respectively. We completed one of Hong Kong's largest international roadshow IPO projects during the year which is a milestone for our Roadshow services development.

Business Outlook - For the year ended March 31, 2013

Looking ahead, the lingering sovereign debts crisis in Europe and the slow recovery of the US economy continues to add uncertainties and volatilities in the global financial market. The Group expects that the operating environment will continue to be challenging. Nevertheless, risks and opportunities co-exist. The financial public relations industry in Hong Kong and China still enjoys healthy growth potential in the long run. The Group has gradually expanded its business through cautious strategic planning in Hong Kong and China. In Hong Kong, the Group is pleased to welcome Mr. Xie Wen Zhao to join the Group as an Executive Director and Chief Executive Officer. We strongly believe that Mr. Xie's rich financial services and corporate management experiences will further solidify our position as the industry leader. With support from our existing Hong Kong team, our newly established China team will enable us to establish cross-border business platform serving our clients in Hong Kong and China. The Group is optimistic that the PRC subsidiary will start generating revenue flows in the near future. Moreover, the Group continues to explore any cooperative relationship with other public relations firms to expand our network and business opportunities outside of China and Hong Kong.

Subject to prevailing market conditions and the availability of potential targets, the Group may also acquire or set up joint ventures with a public relations firms in the PRC and implement strategic merger with and acquisition of company(ies) in Hong Kong with experience in the public relations, investor relations, financial printing or international roadshow or capital markets branding businesses. As of 31 March 2013, the Group had not yet identified any definitive targets. As always, the Group will continue to explore any opportunities to further expand and diversify our business, with the ultimate aim of bringing greater value to our shareholders in the long run.

Source: Wonderful Sky (01260) Annual Results Announcement
Chairman Liu Tianni Issued Capital (shares) 1,000M
Par Value HKD 0.01 Market Capitalisation (HKD) 860M
 
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