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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Good Friend International Holdings Inc.    2398   KYG398001001

GOOD FRIEND INTERNATIONAL HOLDINGS INC.

(2398)
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Good Friend International : SALES ANNOUNCEMENT

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06/10/2019 | 05:38am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GOOD FRIEND INTERNATIONAL HOLDINGS INC.

友佳國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2398)

SALES ANNOUNCEMENT

The board of directors of Good Friend International Holdings Inc. (the "Company", together with its subsidiaries, the "Group") shares with the investors and shareholders of the Company the sales of the respective business of the Group for the five months ended 31 May 2019.

Sales of the respective business for the five months ended 31 May 2019

(1) CNC machine tools business

For the five months ended 31 May 2019, the Group sold to customers 677 units in respect of its CNC machine tools business (sales volume for the five months ended 31 May 2018: 800 units), amounting to approximately RMB345.402 million (for the five months ended 31 May 2018: approximately RMB389.120 million), representing a decrease of approximately 11% when compared to the same period in 2018.

(2) Parking Garage Structures business

For the five months ended 31 May 2019, the Group sold to customers 3,115 units in respect of its parking garage structures business (sales volume for the five months ended 31 May 2018: 3,831 units), amounting to approximately RMB40.794 million (for the five months ended 31 May 2018: approximately RMB50.208 million), representing a decrease of approximately 19% when compared to the same period in 2018.

(3) Forklift trucks business

For the five months ended 31 May 2019, the Group sold to customers 405 units in respect of its forklift trucks business (sales volume for the five months ended 31 May 2018: 416 units), amounting to approximately RMB27.418 million (for the five months ended 31 May 2018: approximately RMB29.289 million), representing a decrease of approximately 6% when compared to the same period in 2018.

Accordingly, total sales to customers for the five months ended 31 May 2019 amounted to approximately RMB413.614 million, representing a decrease of approximately 12% when compared to the amount of approximately RMB468.617 million for the same period in 2018.

The above information is extracted from the summary internal information of the Group, which has not been reviewed by the auditors of the Company. All information shall be subject to the audited and interim financial information of the Group. Investors and shareholders of the Company are advised not to rely on such information, and the directors of the Company shall not be responsible for any reliance placed thereon. Investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By Order of the Board

Good Friend International Holdings Inc.

Chu Chih-Yaung

Chairman

Hong Kong, 10 June 2019

As at the date of this announcement, the Board of the Company comprises (i) four executive directors, namely Mr. Chu Chih-Yaung, Mr. Chen Min-Ho, Mr. Wen Chi-Tang and Mr. Chiu Rung-Hsien; and (ii) three independent non-executive directors, namely Mr. Koo Fook Sun, Louis, Mr. Chiang Chun-Te and Mr. Yu Yu-Tang.

Disclaimer

Good Friend International Holdings Inc. published this content on 10 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 June 2019 09:37:07 UTC

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Financials
Sales 2019 911 M 130 M 130 M
Net income 2019 12,2 M 1,74 M 1,74 M
Net Debt 2019 366 M 52,5 M 52,5 M
P/E ratio 2019 35,1x
Yield 2019 -
Capitalization 290 M 41,6 M 41,6 M
EV / Sales 2018 0,94x
EV / Sales 2019 0,82x
Nbr of Employees 1 080
Free-Float 37,5%
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Managers
NameTitle
Chih Yaung Chu Chairman & Chief Executive Officer
Fook Sun Koo Independent Non-Executive Director
Min Ho Chen Executive Director
Chi Tang Wen Executive Director
Yu Tang Yu Independent Non-Executive Director
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