DBA TELECOMMUNICATION (ASIA) HOLDINGS LTD
DBA電訊(亞洲)控股有限公司
Stock Code / 股票編號 : 3335
Nominal / 股價 : HKD 2.030

Last Updated / 更新於 : 13/11/2019 17:59
( 15 minutes delay quotation / 上述報價為15分鐘前之報價 )
Business Activities

Business Review

DBA Telecommunication (Asia) Holdings Limited is a leading provider of intelligent payment services in China; it owns and operates the smart payment terminals nationwide. In addition, DBA also designs and manufactures smart card vending machines, public telephone booths, ATM booths and FTTH products etc. The Group's revenue is generated from three main categories, namely, self-service business, information technology business and agency business for telecommunication products :

(i) Information technology business: the design, manufacture and sales of telecommunication equipment and related products.
(ii) Intelligent self-service business: Engaging in payment service in public utility including but not limited to pre-paid phone cards, water, electricity and gas through sales of pre-paid cards, recharging and other services requiring self-service payments utilizing intelligent self-service equipment such as smart card vending machines, recharging machines and payment machines; display of advertisement on intelligent self-service terminals; and provision of electronic payment and settlement services.
(iii) Agency business for telecommunication products: to act as an agent of the suppliers to sell telecommunication products to cooperative distribution networks.

- The Group had approximately 15 active customers in the PRC, which include major operators of telecommunication services, covering 28 municipalities, provinces and autonomous regions. The Group’s products are distributed to its customers through its own sales network in the PRC. As at 30 June 2012, the Group had 37 representative offices in the PRC.

- The Group's production facilities are situated at Fuqing Rongqiao Economic and Technology Development Zone. The Group's production facilities have an annual production capacity of approximately 80,000 units of urban information equipment, 800,000 units of electronic intelligent products, 250,000 units of ODFs and 4,000,000 sets of optical passive devices.

- For the year ended 31 December 2012, the Group's turnover increased 33.8% to Rmb 7,556 mil, and profit attributable to Shareholders increased 32.9% to Rmb 507 mil. The business activities within the period were summarized as follows:

(i) Gross profit increased 25.5% to 824 mil. Profit margin dropped to 10.9%
(ii) Information Technology Business : Turnover increased 18% to Rmb 1,128 mil. The revenue from sales of the Group’s electronic intelligent equipment and corresponding solutions increased 23.1% to RMB608 million, the revenue from sales of the Group’s urban information equipment increased 6.8% to RMB195 million, the revenue from sales of the Group’s FTTH related products and components increase 16.5% to RMB324 million. Segment profit increased 18.3% to Rmb 316 mil.
(iii) Intelligent self-service business: Turnover increased 37.2% to Rmb 6,389 mil. Segment profit increased 28.5% to Rmb 354 mil. In the scope of community service, following the establishment of nine branches in Fujian, Beijing, Chongqing, Hubei, Shandong, Jiangsu, Sichuan, Anhui and Tianjin, the Group deployed over 9,900 community financial e-service platforms as well as over 3,000 electronic payment service terminals (E-POS).
(iv) Agency business for telecommunication products: Turnover increased 8.7% to Rmb 39.2 mil. Segment profit increased 270% to Rmb 30.6 mil.
(v) As at 31 December 2012, the Group had cash and cash equivalents of approximately 737 mil, The Group’s outstanding borrowing were bank borrowings of approximately RMB130 million, the current ratio was approximately 4.0 times (2011 : 2.8 times). The Group’s gearing ratio (calculated as total borrowing over shareholders’ equity) was 5.7% (2011 : 6.6%).

- For the six months ended 30 June 2012, the Group’s turnover increased 49.1% to Rmb 3,669 mil, and profit attributable to shareholders increased 36.9%, to Rmb 236 mil. The business activities within the period were summarized as follows:

(i) Gross profit increased 35.4% to 399 mil. EBIT increased 38% to Rmb 299 mil
(ii) Information Technology Business : Turnover increased 18.1% to Rmb 537 mil. Segment profit (adjusted EBITDA) increased 32.5% to Rmb 158 mil
(iii) Intelligent self-service business: Turnover increased 56.5% to Rmb 3,116 mil. Segment profit (adjusted EBITDA) increased 45.5% to Rmb 174 mil. As at 30 June 2012, the Group had 13,000 intelligent self-service terminals
(iv) Agency business for telecommunication products: Turnover increased 8.2% to Rmb 16.2 mil. Segment profit (adjusted EBITDA) increased 8.2% to Rmb 3.7 mil
(v) The Group’s cash and cash equivalents amounted to approximately Rmb 676 mil as at 30 June 2012

Development Plans

- The Group intend to implement below business strategies:

1. In order to cope with the anticipated demand for the Group’s products and to facilitate the production of new products, the Group intends to expand the production capacity through construction of new production facilities. It is planned that the new production facilities will be built on a piece of land to be located and acquired in Fuqing, Fujian Province, the PRC. The Group has not entered into any legally binding agreement in relation to the acquisition of such piece of land. The Group expects that the construction of the new production facilities will be completed approximately one year from the Listing Date.
2. The Group intends to install at the new production facilities more advanced production equipment and machinery for the production of the Group’s products. These advanced production equipment and machinery include laser technology metal cutting machine, digital metal drilling machine, digital non-metal cutting machine, automatic surface mounting production lines, automatic stencil printer and automatic assembly lines. The Group intends to improve the production capacities for public telephone booths, public telephones and wireless business telephones, smart card vending machines, ODFs and optical passive devices with additional capacities of approximately 125,000 units, 325,000 units, 66,500 units, 41,500 units and 667,500 sets respectively.
3. The Group intends to expand it’s sales and marketing network in the PRC and certain markets in Asia. In order to capitalise on such expected increase in demand, the Group intends to establish 10 additional representative offices in major cities in the RC, including Chongqing, Dalian, Haikou, Harbin, Qingdao, Shenzhen, Shijiazhuang, Tianjin, Wenzhou and Zhumadian. The Group also intends to renovate the existing 21 representative offices of the Group. Furthermore, in order to promote the Group’s image and products, the Group will actively participate in trade fairs and exhibitions. In addition, the Group aims to expand into certain other markets in Asia including Cambodia, Indonesia, Malaysia, the Philippines, Thailand and Vietnam by setting up representative offices in those markets.
4. In view of the high anticipated growth of the optical fibre market, the Group intends to develop FTTH products in addition to the Group’s existing communication transmission connection products. The Group intends to establish a research and development platform for the FTTH equipment which includes the market research and analysis of their commercial viability.
5. The Group intends to enhance existing products. It intends to develop (i) 60 new des igns of public telephone booths; (ii) multi-media public telephone – a public telephone which supports visual image transmission as well as provision of various information services, including online banking service and internet service; and (iii) smart card vending and crediting machine – smart card vending machine with crediting function.