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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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03/10/2020 | 04:04am 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 two months ended 29 February 2020.

Sales of the respective business for the two months ended 29 February 2020

(1) CNC machine tools business

For the two months ended 29 February 2020, the Group sold to customers 138 units in respect of its CNC machine tools business (sales volume for the two months ended 28 February 2019: 237 units), amounting to approximately RMB63.023 million (for the two months ended 28 February 2019: approximately RMB101.880 million), representing a decrease of approximately 38% when compared to the same period in 2019.

(2) Parking Garage Structures business

For the two months ended 29 February 2020, the Group sold to customers 446 units in respect of its parking garage structures business (sales volume for the two months ended 28 February 2019: 631 units), amounting to approximately RMB8.241, million (for the two months ended 28 February 2019: approximately RMB9.420 million), representing a decrease of approximately 13% when compared to the same period in 2019.

(3) Forklift trucks business

For the two months ended 29 February 2020, the Group sold to customers 35 units in respect of its forklift trucks business (sales volume for the two months ended 28 February 2019: 72 units), amounting to approximately RMB2.194 million (for the two months ended 28 February 2019: approximately RMB4.357 million), representing a decrease of approximately 50% when compared to the same period in 2019.

Accordingly, total sales to customers for the two months ended 29 February 2020 amounted to approximately RMB73.458 million, representing a decrease of approximately 36% when compared to the amount of approximately RMB115.657 million for the same period in 2019.

The factories of the Group in Mainland China were affected by the outbreak of the novel coronavirus epidemic, and gradually resumed operation in mid-February 2020, effectively affecting the number of days for which businesses could be conducted and the sales volume in February 2020.

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 March 2020

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. Yu Yu-Tang and Mr. Kao Wen-Cheng.

Disclaimer

Good Friend International Holdings Inc. published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 09:03:06 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 233 M 33,3 M 33,3 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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