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Revenue and Profit Increase - Changhong Jiahua Announces the 2019 Third Quarter performance announcement

On October 25, Changhong Jiahua Holdings Limited (stock code 8016.HK) released the 2019 Q3 performance announcement.

According to the announcement: in the first three quarters of 2019, Changhong Jiahua sales revenue has reached approximately HK$ 19.678 billion, up 23.03% over the same period of the previous year; Net profit was approximately HK$ 231 million, up approximately 8.32% over the same period last year.

Help Grow and Support Success

As a new ICT comprehensive service provider, Changhong Jiahua is actively engaged in and explores the 5G, big data, cloud computing, artificial intelligence, IoT and other areas. It’s dedicated to connecting partners of all parties in the ICT ecosystem and helping partners to leverage cutting-edge technologies to create more value for customers.

The new B2B distribution platform Jiahuaduola was officially launched in September 2019. It’s directed towards the pain points of the IT and communications distribution industries, and leverage Internet technology to connect distributors, dealers and manufacturers in the ICT industry to generate aggregated transactions and strive to create a new channel ecosystem .

Innovation and Upgrade in All Business Sectors

IT consumer product distribution business: Sales revenue increased by 6.40% year-on-year, and retained profits increased by 10.49% year-on-year

The PC distribution business maintained stable sales scale and turnover efficiency with good returns. At the same time, we have vigorously expanded consumer smart terminal products, and sales have grown significantly. While maintaining the advantages of the original distribution business, we actively innovate to provide partners with overall solutions based on the markets and marketing activities; continue to explore and build an Internet distribution business model, and the Jiahuaduola platform was officially launched.

 IT Enterprise Product Distribution Business: Sales revenue increased by 15.20% year-on-year, and retained profit increased by 8.93% year-on-year

We actively introduce and promote new product lines at home and abroad, strengthen cooperation with manufacturers in solutions, software and value-added services, explore channels to understand customer needs; meanwhile, we act as the bridge between manufacturers and channels, and continue to improve our service capabilities in big data mining, cloud services and industry solutions.

 Other businesses: Sales revenue increased by 92.30% year-on-year, and retained profit increased by 169.09% year-on-year

We continue to provide quality and efficient integrated ICT services for the large-scale e-commerce partners; smart phones have achieved substantial growth in sales.

Prospect

Changhong Jiahua will continue to promote the strategic upgrade as an ICT integrated service provider, effectively act as the connector in the ICT ecosystem, actively expand domestic and foreign product categories around ICT cutting-edge technologies, and vigorously promote the innovation and development of technology solutions, industry solutions and professional solutions. Meanwhile, it will continuously improve its professional service capabilities, helping customers realize digital transformation and making greater contributions to shareholders.

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