Financial Highlights| For the year ended 31 March |
| 2022HK’000 | 2021HK’000 | Change |
| Revenue | 1,266,641 | 891,969 | +42.0% |
| Gross profit | 199,656 | 109,215 | +82.8% |
| Profit for the Year | 282,353 | 198,010 | +42.6% |
| Profit attributable to owners of the Company | 266,579 | 187,734 | +42.0% |
| Basic earnings per share (HK cents)- Basic- Diluted | 27.327.1 | 19.119.0 | +42.9%+42.6% |
| Proposed final dividend per share (HK cents) | 5 | 2 | +150.0% |
HONG KONG SAR -
Media OutReach -
29 June 2022 - Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”), a renowned company in the developing, manufacturing and sale of Liquid Crystal Displays and modules, Thin Film Transistor and Thin Film Transistor – Capacitive Touch Panel module in Hong Kong, announces its annual results for the year ended 31 March 2022 (the “Year”).A broadened range of superior products, robust customer demand, and consistent execution helped drive outstanding financial results in the Year. The Group achieved turnover of HK$1.3 billion, an increase of 42% from last year. Gross profit grew from approximately HK$109 million to HK$200 million, an increase of 83% from last year. Profit attributable to owners of the Company increased from approximately HK$188 million to HK$267 million. Basic earnings per share were HK27.3 cents. The Board of Directors recommended a final dividend of HK5 cents per share for the year ended 31 March 2022.As the Board is of the view that the current trading price of the shares of the Company does not reflect their intrinsic value, it intends to exercise its powers to buy back the shares in the open market. The Board believes that the Share Buy-back can enhance the value of the shares and reflects the Company’s confidence in its long-term business prospects for the benefit of the Company and its shareholders as a whole. Commenting on the annual results of the Group, Mr. Fang Hung, Kenneth, Chairman of Yeebo, said, “In the FY2021/22, COVID-19 was continuing to spread around the world, and has seriously affected the stability of the supply chain. Against such challenging setting, the Group achieved outstanding growth in both sales revenue and operating profit. All of which was made possible only with the management team’s consistent execution – its resolute effort in product development, facilities expansion and upgrade, cost control enhancement and raw materials procurement management.”The Group’s concerted effort in its marketing and product development has boosted its success in capturing market share in many of the higher growth product markets, such as industrial control devices, smart home and office appliances, internet protocol phones, medical equipment and medical care devices. The Group has strengthened its product development capabilities across the Liquid Crystal Display module (“LCM”), Thin Film Transistor (“TFT”) and Thin Film Transistor – Capacitive Touch Panel module (“TFT-CTP”) products. Such product expansion helped the Group in further growing its well-diversified customer portfolio, including many world leading brands.COVID-19 has continued to impact the global supply chain causing disruptions to many companies, logistics and the flow of supplies and products. The Group has taken extra effort (i) to maintain a stable yet agile supply of raw materials in meeting the production requirements, and (ii) to preserve a committed and skilled labour force through reasonable wage increases.Furthermore, through vertical integration, the Group is able to sustain its cost competitiveness and safeguard the supply of quality raw materials internally. Production facilities have been upgraded and expanded to accommodate the increase in business volume and to provide further agility in meeting the dynamic needs of today’s customers.Optimized operational efficiency, together with an enhanced sales-mix, with higher modules-related sales, facilitated such improvement in profitability. Gross profit margin improved to a healthy level of 16% against 12% in last year.Apart from its core business, the Group has two high growth and profit-driving engines through its equity investment in Nantong Jianghai Capacitor Company Ltd (“Nantong Jianghai”) and Suzhou QingYue Optoelectronics Technology Co. Ltd. (“Suzhou QingYue”).For Nantong Jianghai, it continued to delivera remarkable financial performance against the headwind of rising manufacturing costs, from the raw materials to electricity. The Group’s share of profit from Nantong Jianghai increased from HK$154 million to HK$194 million, representing an increase of HK$40 million or 26%. Nantong Jianghai is the leading provider of capacitors and energy storage in China. Its main products can be categorized into 3 groups: (i) aluminium electrolytic capacitors, (ii) thin film capacitors...
Read more: Yeebo Announces Annual Results for FY2021/22; Revenue Growth of 42% Achieved Impressive Growth of...
