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

GOOD FRIEND INTERNATIONAL HOLDINGS INC.

(2398)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/13
0.64 HKD   +6.67%
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Good Friend International : SALES ANNOUNCEMENT

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09/10/2019 | 05:02am 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 eight months ended 31 August 2019.

Sales of the respective business for the eight months ended 31 August 2019

(1) CNC machine tools business

For the eight months ended 31 August 2019, the Group sold to customers 1,046 units in respect of its CNC machine tools business (sales volume for the eight months ended 31 August 2018: 1,311 units), amounting to approximately RMB495.297 million (for the eight months ended 31 August 2018: approximately RMB611.666 million), representing a decrease of approximately 19% when compared to the same period in 2018.

(2) Parking Garage Structures business

For the eight months ended 31 August 2019, the Group sold to customers 4,640 units in respect of its parking garage structures business (sales volume for the eight months ended 31 August 2018: 7,464 units), amounting to approximately RMB65.91 million (for the eight months ended 31 August 2018: approximately RMB87.109 million), representing a decrease of approximately 24% when compared to the same period in 2018.

(3) Forklift trucks business

For the eight months ended 31 August 2019, the Group sold to customers 634 units in respect of its forklift trucks business (sales volume for the eight months ended 31 August 2018: 660 units), amounting to approximately RMB47.385 million (for the eight months ended 31 August 2018: approximately RMB46.784 million), representing an increase of approximately 1% when compared to the same period in 2018.

Accordingly, total sales to customers for the eight months ended 31 August 2019 amounted to approximately RMB608.592 million, representing a decrease of approximately 18% when compared to the amount of approximately RMB745.559 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 September 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 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2019 09:01:04 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 52,3 M 52,3 M
P/E ratio 2019 35,1x
Yield 2019 -
Capitalization 258 M 33,3 M 36,9 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
Rung Hsien Chiu Executive Director
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