Friday, March 29, 2024
 
Columnist
Martin Hennecke
 
ZHONGTIAN INT'L
HKEx Stock Code : 02379 
 
Corporate Profile
Principally engaged in sale of intelligent electronics products in the PRC; property leasing; and equity investment.

Business Review - For the year ended December 31, 2012

During the Year, the Group was principally engaged in information technology and property business segments and the Group had discontinued its operation in the equity investment business segment.

Regarding the equity investment business segment, due to the change in regulations of competent authorities of the PRC government, the Group no longer met the requirement to hold such equity interests upon reorganization of the investment target pursuant to the regulations. Hence, the Group was forced to dispose the equity interests and cease to be the shareholder of the bank. The transaction was completed in October 2012 and the disposal of the equity investment recorded a loss of approximately RMB6,192,000.

Information Technology

Taking the advantage of the Group's self-owned technology, the development and sale of intelligent electronic products became a new business with fewer obstructions in the course of the transition to the Group's diversified operation. This development and sale provided a stable increase in turnover and profit, and with stable demands from customers, to which the Group attached great importance.

Meanwhile, as the competition in this domain had been keen and the overall cost for exploring new customers had been relatively high, the Group paid efforts in preventing this domain from becoming the only income source of the Group.

Property

After the renovation of the investment properties in the year 2010, the Group commenced to lease its commercial properties to generate rental revenue and there was a significant increase in revenue in the property segment during 2012 as compared to 2011. Taking into account the improvements in local investment environment and the favorable conditions in the local commercial property market, the Board will continue to pay attention to the development of this domain and to identify and seek suitable opportunities for further investments.

Business Outlook - For the year ended December 31, 2012

The sale of intelligent electronic components in the information technology business has been expanding for several years and showed a continuous growth in sales revenue and profit, which is expected to be an major income source with stable growth for the Group. Commercial properties commenced to generate rental revenue after renovation and became another stable income source for the Group.

Besides, the Group is now actively researching, identifying and exploring in other business domains with great potential for growth in order to achieve a diversification of income source of the Group in the future.


Source: ZhongTian Int'l (02379) Annual Results Announcement
Chairman CHEN Jun Issued Capital (shares) 217M
Par Value HKD 0.01 Market Capitalisation (HKD) 119M
 
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