Business summary
ECI Technology is an ELV (extra low voltage) solution provider. The ELV solutions provided by the Group to Hong Kong customers are mainly central control and control systems. The central control and control system refers to all types of systems related to the management of residential development projects, commercial and industrial buildings, hospitals or other government facilities. During the track record period, the Group's customers were selfish and operated in the public sector, while the customers in the private sector were mainly property developers and management companies, and the customer affairs department of the public sector operated by separate channels in the public sector were mainly clients from the Public Sector Division and government departments such as the Electrical and Mechanical Services Department, In addition, the Group has obtained qualifications and licenses from various organizations.
Competitive advantage
The Group is a mature ELV solution provider with multiple qualifications and licenses
The Group has established mature relationships with suppliers and subcontractors
The group has extensive experience in Hong Kong
Risk Factors
The group's revenue from installation and maintenance services is usually determined on the basis of projects. The properties are unconventional. Any decrease in the number of items may affect operating and financial results
Based on the cost valuation plus the rate of increase, the actual time and costs generated by the Group's Unassurances will be in line with the initial estimate. Providing customers with installment payment methods may have a significant adverse effect on the Group's liquidity and face higher credit risk
Use of proceeds
Approximately 38.1% was used to expand existing ELV solution operations by providing installment payment options to customers
Approximately 14% was used to obtain additional licenses and qualifications
Approximately 25.4% was used to reduce the group's asset-liability ratio through one-time partial bank loans
Approximately 9.5% was used to purchase 5 additional commercial vehicles and 2 street lamp cars
Approximately 4.8% is used to develop new mobile applications for customers to order maintenance services
Approximately 8.3% is used for working capital and other group development