Friday, March 5, 2021
 
Columnist
Martin Hennecke
 
GREEN INTL HLDG
HKEx Stock Code : 02700 
 
Corporate Profile
Principally engaged in manufacturing and trading of recreational and educational toys and equipment.

Business Review - For the year ended December 31, 2012

The Group has succeeded in decreasing its reliance on its three major customers, due to an expansion of customer base, the Group's sales attributable to the three major customers has decreased from 100% in 2011 to 83% in 2012.

The Group has acquired 55% equity interests in Tai Cheng International Limited in May 2012. Tai Cheng International Limited is principally engaged in the trading of toys. The acquisition provides an opportunity for the Group to expand its trading business and broaden its customer bases to different countries and regions.

Besides, the Group has established a wholly-owned subsidiary, Green Capital (Hong Kong) Limited to act as the principal investment arm of the Group.

The Group concentrated on business operation in 2012 and has also devoted resources in research and development for a long term business growth. The Group is also seeking cooperation and forming joint ventures with other prospective companies to expand its business.

Business Outlook - For the year ended December 31, 2012

As the European sovereignty debt crisis still lingers over the global markets, it is expected that the demand for our products and the order size from our customers will continue to labour under uncertainties. Considering that 2013 is likely another challenging year for toys industries worldwide, the management will keep circumspection, further enhance operation and production efficiency and impose more rigorous requirements on the quality of products.

At the same time that the Group strengthens the foundation of its business, it will actively diversify its customer base and carry on developing new products and technology in enhancement of product competitiveness and in expectation of larger market share when the economy improves and consumption demand rebounds.

Meanwhile, the goals of the Group remains to be simplification of work flow, enhancement of operation efficiency, the streamlining of production procedures through automation, improvement of production efficiency of its factories and the reduction of outgoings and transportation and administration costs, so as to bring greater returns to the shareholders as the profitability of the Group increases.

In the future, toys industries will face greater challenges. The management however believes that opportunities abound at the same time. Apart from our commitment to our established businesses, we will keep on integrating our business areas. The management will actively consider the possibilities of seeking further development, and by every possible means broaden our sources of revenue and avoid relying on a single business segment.

Source: Green International (02700) Annual Results Announcement
Chairman Wong Man Keung Issued Capital (shares) 904M
Par Value HKD 0.01 Market Capitalisation (HKD) 217M
 
Login
Password
Register  Forget Password
Advanced Search
© 2021 The Standard, The Standard Newspapers Publishing Ltd.
Home | Business | Metro | Focus | Opinion | Markets | World | Sports | Entertainment | Monday Money | Property | Macau | Weekend