Karin Technology Holdings Limited
Annual Report 2015
2
This year is Karin’s 10th anniversary since its public listing
in 2005. Even through the difficult periods of 2008 (global
financial crisis) and 2012 (European financial crisis), Karin
has not failed to reward its shareholders with strong
dividend payouts together with share price appreciation
over this past decade.
PERFORMANCE
In FY2015, Karin achieved stronger results with record
high revenue and profit since its public listing. Revenue
increased by 5.3% (from HK$3,079,430,000 in FY2014 to
HK$3,243,374,000 in FY2015) and Gross Profit increased by
31.0% (from HK$212,951,000 to HK$278,937,000). Profit-
for-the-year increased by 100.6% (from HK$39,963,000 to
HK$80,162,000) and the Group’s net asset grew by 12.7%
(from HK$591,170,000 to HK$666,488,000). The strength
of the results came from the efforts of Marketing and Sales
Staff (“
MSS
”) and the Business Supporting Staff (“
BSS
”).
Inventory increased by 34.0% (from HK$158,934,000 to
HK$213,013,000) and Trade & Bill Receivables increased
by 14.4% (from HK$358,901,000 to HK$410,500,000)
to support business growth, while BSS closely monitored
costs and expenses and experienced only minor increases in
Selling and distribution costs by 3.3% (from HK$80,299,000
to HK$82,952,000) and Wages and Salaries by 3.3% (from
HK$98,976,000 to HK$102,246,000).
Karin Group has demonstrated its consistent performance
through the strategic management of Karin’s three
segments being (1) Components Distribution (“
CD
”); (2)
Information Technology Solutions and Services (“
ITSS
”);
and (3) Consumer Electronics Products (“
CEP
”). The CD
segment contains three Strategic Business Units (“
SBU
”).
They are (A) Industrial Materials and Instrumentation
Group (“
IMIG
”); (B) Electronic & Electrical Components
Group (“
EECG
”); and (C) Integrated Circuit Application
Design (“
ICAD
”). ITSS and CEP are also a SBU on its own
respectively. These SBUs have been working to grow the
business potential of the IT, electronic and heavy industries
Chairman
and
CEO
Statement
and
Operation
Review
Raymond NG
Executive Chairman and CEO,
Karin Group
