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China Vanguard Group Limited (众彩科技股份有限公司)
Main Activities: Food Manufacturing
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Company Information |
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Full name China Vanguard Group Limited (众彩科技股份有限公司) Headquarters Units 307-313, 3rd Floor, Wireless Centre, Phase One Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong; Hong Kong; Hong Kong |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : KYG2159V1095 Financial Auditors: W. H. Tang & Partners CPA Limited (2013) Incorporation Date: December 11, 2001 Total Employees: 395 Tel: (852) 2411-5779 |
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Company Description |
| The principal activities of are (a) provision of lottery-related services (b) provision of entertainment VAS services (c) Others included distribution of natural supplementary products, catering services and sales of animal feeds. |
Company Analysis |
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Business Outlook - For the six months ended December 31, 2011 It is the Group＇s strategy to enhance and maximise existing operations through continued product and service development and achievement of greater market share. Further to this, utilise the expertise and resources with each operating unit of the Group to develop new synergistic products and businesses strengthening the business of each operating unit and creating new business opportunities. We are optimistic about the outlook for our traditional lottery operations. Consequently we increased our stake in Bozone, our traditional lottery-related operation arm, from 51% to 100%. Bozone＇s operations, as well as the entire China Lottery Industry, are expected to continue to experience strong organic growth with the backdrop being highly positive with even China＇s “Twelfth Five-Year Plan” which had mentioning the need to expand and grow the lottery industry in China. Growth will be further enhanced by the introduction of the game Happy Ten to a number of jurisdictions and its expansion downstream into point of sales outlets for Welfare Lottery Products. Meanwhile, we will continue to work on adding additional territories for our traditional lottery-related operation and solutions business. We announced on 14 October 2011 that we were buying a 55% equity interest of Chongqing Lightsoft for the consideration of RMB3,751,000 (equivalent to approximately HK$4,589,000) from CCDDT. The purchase price is equivalent to a historic PE ratio of 2.6, based on the unaudited 12 month net profits to 30 June 2011. Lightsoft is the Group＇s VOD supply arm. The acquisition of Lightsoft is an important part of the Group＇s strategy to rollout value added services in karaoke venues. The Group will continue to develop attractive and exciting games for sale in karaoke venues. Aggressive rollout to karaoke venues in Chongqing is planned to commence in the latter part of this calendar year. Meanwhile, we are working hard to gain similar approvals to that of Chongqing with Welfare Lottery Issuing Centres in a number of jurisdictions in China. Further to the above, we are not only continuing the development of our karaoke related VAS, lottery and hardware development, but also on broader lottery game and console development for deployment in other venue types. Meanwhile, with the clarification of the law regarding copyright infringement as a criminal o |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2012 Q3 (cons) |
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| Audited | Audited | |
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| SHK-Listed Company Financials | SHK-Listed Company Financials | |
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| Unit | 1 | 1 |
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Balance Sheet
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Total Assets |
244,517,000 |
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Current Assets |
133,888,000 |
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Total Liabilities |
177,646,000 |
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Shareholders Equity |
66,871,000 |
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Current Liabilities |
103,315,000 |
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| * All the accounts are in HKD. | ||
Income Statement
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Total Operating Revenue |
104,838,000 |
22,420,000 |
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Operational Profit (Loss) |
-1,093,291,000 |
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Net Profit (Loss) |
-1,107,951,000 |
-5,450,000 |
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| * All the accounts are in HKD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-452.94% |
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Annualised Return on Assets (ROA) |
-453.12% |
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Return on Equity (ROE) |
-1,656.85% |
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Annualised Return on Equity (ROE) |
-1,656.85% |
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Return on Sales (ROS) |
-1,056.82% |
-24.31% |
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Return on Capital |
-784.66% |
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Gross Profit Margin |
63.82% |
73.27% |
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Operating Profit Margin |
-31.72% |
-21.66% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.24x |
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Inventory Turnover |
26.64x |
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Current asset turnover |
0.78x |
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Fixed-asset turnover |
6.49x |
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Asset Turnover |
0.43x |
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| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-1,094,600,000 |
-4,664,000 |
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EBITDA |
-1,077,649,000 |
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Enterprise value |
272,943,568 |
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Enterprise Value / EBITDA |
-0.04 |
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Bookvalue (BV) |
-43,809,000 |
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| Liquidity Ratios | ||
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Current Ratio |
129.59% |
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Quick ratio |
125.78% |
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Doom's day ratio |
83.64% |
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| Leverage Ratios | ||
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Leverage ratio |
365.65% |
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Debt to equity |
170.65% |
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Debt to total assets |
46.67% |
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Debt / Enterprise Value |
41.81% |
0% |
| Market ratios | ||
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Price/Book Ratio |
3.42 |
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| Trend Ratios | ||
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Revenue Trend |
88.55% |
89.77% |
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Net Income Trend |
-1,625.42% |
-88.12% |
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Operating Income Trend |
1,000.06% |
-77.49% |
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