Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Xin Point Holdings Limited
  6. News
  7. Summary
    1571   KYG9830R1002

XIN POINT HOLDINGS LIMITED

(1571)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Xin Point : SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

08/14/2020 | 04:58am 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.

Xin Point Holdings Limited

信 邦 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1571)

SUPPLEMENTAL ANNOUNCEMENT TO THE

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

References are made to the annual report of Xin Point Holdings Limited (the "Company") for the year ended 31 December 2019 (the "2019 Annual Report"). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the 2019 Annual Report.

USE OF PROCEEDS FROM THE LISTING

In accordance with the requirement of paragraph 11(8) of Appendix 16 to the Rules Governing the Listing of Securities on the Stock Exchange, the Board would like to provide further information for the 2019 Annual Report, in relation to the expected timeline for the application of the unutilised proceeds from the Listing, details of which are set out as below:

Amount

Expected timeline

Net proceeds

un-utilised

of full utilisation

from the

as at

of the remaining

Percentage of

Company's

Amount

31 December

proceeds as at

total amount

IPO

Utilised

2019

31 December 2019

RMB million

RMB million

RMB million

Purpose

Expanding and improving the production facilities in the PRC:

  1. Set up the Huizhou New

Production Base

20.9%

155.0

155.0

-

-

ii)

Construct the Wuxi New

Production Base

10.3%

76.4

56.3

20.1

By end of 2020

− 1 −

Amount

Expected timeline

Net proceeds

un-utilised

of full utilisation

from the

as at

of the remaining

Percentage of

Company's

Amount

31 December

proceeds as at

total amount

IPO

Utilised

2019

31 December 2019

RMB million

RMB million

RMB million

iii)

Construct a new electroplating

production line

3.1%

23.0

23.0

-

-

iv)

Invest in plastic injection

equipment

1.6%

11.9

11.9

-

-

Constructing the new production

base in Mexico and investing in

production facilities and

equipment

40.2%

298.1

248.0

50.1

By end of 2021

Reinforcing the market position and

enhancing the sales, increasing

the direct exposure in the

mid-to-high end automobile

manufacturing segment and

market shares in North America

and Europe

5.4%

40.0

1.3

38.7

By end of 2021

Enhancing the product quality,

product safety and R&D

capabilities

5.7%

42.3

20.7

21.6

By end of 2020

Enhancing-the information

technology and customer services

systems

4.8%

35.6

2.6

33.0

By end of 2021

Working capital and general

corporate purposes

8.0%

59.2

59.20

-

-

Total

100.0%

741.5

578.0

163.5

The above supplemental information does not affect other information contained in the 2019 Annual Report. Save as disclosed above, all other information contained in the 2019 Annual Report remains unchanged.

By Order of the Board

Xin Point Holdings Limited

Ma Xiaoming

Chairman

Hong Kong, 14 August 2020

As at the date of this announcement, the Board comprises Mr. MA Xiaoming, Mr. MENG Jun, Mr. ZHANG Yumin, Mr. LIU Jun, Mr. HE Xiaolu and Mr. JIANG Wei as executive directors; and Mr. TANG Chi Wai, Mr. GAN Weimin and Prof. CAO Lixin as independent non-executive directors.

− 2 −

Disclaimer

Xin Point Holdings Ltd. published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 08:57:03 UTC


© Publicnow 2020
All news about XIN POINT HOLDINGS LIMITED
08/31Xin Point Holdings Limited Announces Dividend for the Six Months Ended June 30, 2021, P..
CI
08/26Xin Point Holdings Limited Announces Dividend for the Six Months Ended June 30, 2021, P..
CI
08/26Xin Point Holdings Limited Announces Unaudited Consolidated Earnings Results for the Si..
CI
08/02XIN POINT : Expects H1 Attributable Net Profit to Grow Over 100%
MT
07/30Xin Point Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June ..
CI
05/24Xin Point Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020
CI
04/21Xin Point Holdings Limited Recommends Payment of Final Dividend for the Year Ended Dece..
CI
03/25Xin Point Holdings Limited Recommends Final Dividend for the Year Ended 31 December 202..
CI
03/25Xin Point Holdings Limited Reports Earnings Results for the Full Year Ended December 31..
CI
02/03XIN POINT : Forecasts 2020 Net Profit to Soar 60%; Shares Drop 3%
MT
More news
Financials
Sales 2021 2 546 M 396 M 396 M
Net income 2021 461 M 71,7 M 71,7 M
Net Debt 2021 - - -
P/E ratio 2021 5,98x
Yield 2021 -
Capitalization 2 758 M 355 M 429 M
Capi. / Sales 2021 1,08x
Capi. / Sales 2022 0,85x
Nbr of Employees 6 466
Free-Float 26,2%
Chart XIN POINT HOLDINGS LIMITED
Duration : Period :
Xin Point Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XIN POINT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 2,75 CNY
Average target price 5,86 CNY
Spread / Average Target 113%
EPS Revisions
Managers and Directors
Chak Fu Li Finance Director
Xiao Ming Ma Chairman
Qian Shun Yang Technical Director
Chi Wai Tang Independent Non-Executive Director
Li Xin Cao Independent Non-Executive Director
Sector and Competitors