Annual Report 2011 年報 - Neo-Neon LED Lighting International Ltd

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Chairman’s Statement We are confident that through our continuous integration of market resources, acquisitions and mergers in the industry and full utilization of industrial resources, Neo-Neon can maintain its leading position in the industry in the future amidst the LED market competition and will continue to enlarge its LED market share! Benefiting from such edges and our previous extensive experience, we are able to develop rapidly in the LED industry. To set itself apart from its peers in the global lighting market, an enterprise needs to have powerful products that attract the market. Thus, we derive from our experience the rule of technological innovation on the one hand and cost reduction on the other hand. Commencing product research and development, applying for patents and engaging in product innovation become Neo-Neon’s strategies for actively capturing the market. In addition, cost advantages, rapid delivery and abundant and diversified product chains are major reasons that enable “Neo-Neon” to win the favour of its global clients. Due to the world’s focus on environmental protection and energy conservation, the application and usage of white LED lighting will become higher and higher. The Group’s new technology will further push the increasing application of white LED lighting so as to make contribution to energy-saving and environmental protection in China and the world. APPRECIATION On behalf of the Board of the Directors (the “Board”), I would like to thank all our staff for their continuous hard work and dedication. We also express my heartfelt gratitude to our customers, suppliers and government bodies for their precious support and comments. With the constant vigilance of our expertise management and responsive strategic thinking, I am confident that the Group can have a swift pick-up. We will continue to pursue new business opportunities in the lighting industry to maintain our leading position in the industry and maximize returns for our shareholders. Ben Fan Chairman Hong Kong, 29th June 2011 ANNUAL REPORT 2011 7
Financial Highlights Expressed in HK$ million 2006 2007 2008 2009 2011* Year Turnover 1,259 1,572 1,618 1,111 1,710 Gross profit 500 605 526 382 582 Profit attributable to equity holders of the Company 260 334 139 158 117 EBITA 345 438 271 307 331 Total assets 2,443 2,717 3,125 3,963 4,785 Total equity 2,024 2,381 2,513 3,235 3,545 Gross profit margin 39.7% 38.5% 32.5% 34.4% 34.0% Net profit margin 20.6% 21.2% 8.6% 14.2% 6.6% EPS-basic (HK cents) 43 44 18 19 12 Total assets/Total equity HK$M Turnover HK$M 5,000 4,000 3,000 2,000 2,443 2,024 2,717 2,381 3,125 2,513 3,963 3,235 4,785 3,545 2,000 1,500 1,000 1,259 1,572 1,618 1,111 1,710 1,000 500 0 2006 2007 2008 2009 2011* 0 2006 2007 2008 2009 2011* Total assets Total equity LED decorative lighting Incandescent decorative lighting Entertainment lighting All others LED general illumination lighting Gross and net profit margin % 40 38.5% 39.7% 35 30 32.5% 34.4% 34.0% 25 21.2% 20 20.6% 15 14.2% 10 6.6% 5 8.6% 2006 2007 2008 2009 2011* Net profit margin Gross profit margin * For the period from 1st January, 2010 to 31st March, 2011. EBITA and Profit attributable to equity holders of the Company HK$M 500 400 300 200 100 0 EBITA 345 260 438 334 271 139 307 158 331 117 2006 2007 2008 2009 2011* Profit attributable to equity holders of the Company 8 NEO-NEON HOLDINGS LIMITED
Page 2 and 3: Contents Corporate Information 4 Ch
Page 4 and 5: 4lnternational Merged In Year 2010,
Page 6 and 7: Chairman’s Statement Dear Shareho
Page 10 and 11: Directors, and Senior Management Pr
Page 12 and 13: Directors, and Senior Management Pr
Page 14 and 15: Management Discussion And Analysis
Page 24 and 25: Directors’ Report PRE-EMPTIVE RIG
Page 26 and 27: Directors’ Report DIRECTORS AND C
Page 28 and 29: Directors’ Report CONNECTED TRANS
Page 30 and 31: Directors’ Report The weighted av
Page 32 and 33: Directors’ Report EMPLOYEES The t
Page 34 and 35: Corporate Governance Report Chairma
Page 36 and 37: Corporate Governance Report Minutes
Page 38 and 39: Corporate Governance Report III. Em
Page 40 and 41: INDEPENDENt AuDItor’S rEPort TO T
Page 42 and 43: CoNSoLIDAtED StAtEMENt of CoMPrEHEN
Page 44 and 45: CoNSoLIDAtED StAtEMENt of fINANCIAL
Page 46 and 47: CoNSoLIDAtED StAtEMENt of CASH fLoW
Page 48 and 49: NotES to tHE CoNSoLIDAtED fINANCIAL
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