年報 - HKExnews

CHAIRMAN’S STATEMENT
TEXWINCA HOLDINGS LIMITED ANNUAL REPORT 2010
For this year, the Group’s consolidated revenue and profit
attributable to equity holders of the Company both hit record
highs at HK$10,538 million and HK$1,007 million respectively.
More information regarding the Group’s operating performance
can be found in the Management’s Discussion and Analysis
section in this report.
Following an uneasy year for the textile business in 2009, the
operating environment was more favourable this year. Order flow
was uninterruptedly strong throughout the period. Raw material
prices started to surge in the second half year, creating a greater
challenging situation to the Group. Nevertheless, the Group was
able to raise product prices to protect profit margins.
The retail business also achieved improved results this year.
With stabilized consumer sentiment, retail operation in the
mainland China had a remarkable performance in the second
half year. At the year end, all the Singapore and Malaysia stores
were closed. The Group will focus its retail expansion solely in
the mainland China market.
I believe business prospects of the Group remain positive.
For the textile business, the Group will continue its capacity
expansion to capture further market share. The retail business
has a solid foundation in the mainland China market and
profit margin enhancement is expected in the coming year.
Financially, the Group will continue to implement prudent
policies to strengthen business capability. The Group has strong
competitiveness in all aspects and I am confident to report
another progressive results in the coming year.
This year the Group is celebrating its 35th anniversary. It has
been due to the devotedness of our colleagues, great support
of our business partners and shareholders that the Group has
been able to grow continuously. On behalf of the Board, I would
like to thank them all.
Poon Bun Chak
Chairman
Hong Kong, 28 June 2010
10,538
1,007
06