Wai Chi Holdings Company Limited
偉志控股有限公司 (Stock Code: 1305.HK)
Expecting Over 80% Increase in Profit for the Year Ended 31 Dec 2018, Wai Chi Holdings Announces a Positive Profit Alert (Hong Kong, 14 February 2019)—Wai Chi Holdings Company Limited (“Wai Chi Holdings”, together with its subsidiaries collectively known as the “Group”) (Stock Code: 1305.HK) gladly announces a positive profit alert for the year ended 31 Dec 2018 (“the Year”) in light of an increase of over 80% in net profit. The Group explains that increase in revenue and recognition of government grant income for a project amounting approximately HK$11,800,000 during the Year both contributed to such increase. The results are preliminary and yet to be audited.
In recent years, industries revolving around technology have been faced with an ever-changing business environment due to rapidly changing trends in technological products and gadgets.
To be a thriving businesses in this context, agility and an eye to seek the right opportunities are crucial. As an LED products manufacturer, Wai Chi Holdings has managed to navigate the
changing scene and maintained a well-balanced product profile to ensure healthy growth and profitability, such as shifting focusing from mobile phone backlights to automobile onboard display products. The Group’s solid production and, research and development capacities are its great strengths for meeting demands of niche and highly customised products.
Mr. Yiu Chi To, Chairman and Executive Director of the Group said, “On behalf of the Group, I would like to express thanks to all our investors, shareholder, business partners and employees for their support and achievement during the Year. Wai Chi Holdings will continue to be prudent yet ambitious in grasping new opportunities, aiming for favourable returns for our shareholders.
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About Wai Chi Holdings Company Limited (Stock Code: 1305.HK) Wai Chi Holdings Company Limited is an established LED products manufacturer focusing on producing LED backlight and LED lighting products on an OEM and ODM basis. Equipped with comprehensive production facilities in Shenzhen, Huizhou and Yichang in the PRC, the Group is capable of handling the requisite production procedures (including product design, mould
production, mass production and quality control and maintenance) for LED backlight products and LED lighting products. The Group was listed on the Main Board of The Stock Exchange of Hong Kong Limited in November 2014 and its stock code is 1305.HK.