Monday, November 30, 2020
 
Columnist
Martin Hennecke
 
SYNERTONE
HKEx Stock Code : 01613 
 
Corporate Profile
The Group is a provider of core components of specialised communication system. The Group has designed and developed its products relating to digital trunking and satellite communication systems through research and development and acquisition of relevant intellectual property rights and technology know-how from third parties.

Business Review - For the year ended March 31, 2013

The Group is a provider of core components of specialised communication system. The Group has designed and developed its products and technologies relating to digital trunking and satellite communication systems through its own research and development and acquisition of relevant intellectual property rights and technology know-how from third parties. In addition, the Group provides specialised communication network design and implementation solutions that can be customarily devised according to the specific needs of client. The Group also engages in research and development of systems technologies for the operation of the specialised communication system and sale of accessory parts and components to some of its customers for further integration or other related uses. Products of the Group are mainly utilized by end-users for public safety and emergency communication purposes. For example, users are able to remotely monitor and co-ordinate emergency rescue exercises or remotely monitor the operation of and location of vehicles through the use of the Group's products. Customers or end-users of the Group's products and solutions are mainly governmental bodies and private business enterprises.

For the year ended 31 March 2013, revenue of the Group amounted to approximately HK$115.7 million, representing a decrease of approximately HK$102.6 million or 47.0% from approximately HK$218.3 million for the year ended 31 March 2012. The decrease was mainly resulted from the economic and political uncertainties surrounding the domestic and foreign territories, the slow global economic recovery and weaker demand of the Group's products and systems in the PRC. The Group's products were principally sold in the PRC which accounted for approximately HK$115.6 million or 99.9% out of the total revenue of approximately HK$115.7 million. The Group derived its revenue substantially from digital trunking system which accounted for approximately HK$106.8 million or 92.3% of its total revenue for the year ended 31 March 2013.

Business Outlook - For the year ended March 31, 2013

In order to compete with other competitors in the satellite communication market by offering products with higher performance and on the other hand lower the cost of VSAT satellite system, the Group underwent the research and development of its own high-end satellite antenna (being a core component of VSAT high speed dynamic digital satellite system). In 2013, the Group officially launched and marketed the Group's own antenna to the customers and commenced the production.

Source: Synertone Comm (01613) Annual Results Announcement
Chairman Wong Chit On Issued Capital (shares) 1,200M
Par Value HKD 0.01 Market Capitalisation (HKD) 612M
 
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