Summary of duties

Jiyi is a long-established supplier of quality products, manufacturing and printing services, providing customers with value-added and customized products, engineering services and printing solutions. The total location of the collection is in Hong Kong. The collection products can be divided into five main product categories: table card: including board card, card card and spelling card; card: including daily card and quarterly card; preschool education supplies: including school equipment and activity books; package color box; and other products. According to the report, in terms of exports in 2018, the market for concentrated products and related products ranked first in China and second in China, with a market share of 2.7% and 8.1% respectively. In 2016, 2017, 2018 and 2019, the sales of desktops and cards accounted for 82%, 82.3%, 81.3% and 85% of the total revenue, respectively. Most of the proceeds of the collection come from overseas sales, which are mainly denominated in US dollars and Hong Kong dollars, while the cost of sales is mainly based on people's sales. As far as overseas OEM sales are concerned, the sales offices of the collection are mainly located in Hong Kong. The main raw materials are purchased from China, the United States and Taiwan, while the industrial and industrial products are located in China. The five major customers of the collection are all international brands.

Thank you very much.

Is a manufacturer and service provider of quality goods and services with a long history

Major clients include leading participants in their respective market segments, with whom the collection has established stable and long-term business relationships.

Negative factor

Profitability declined from 2016 to 2018, mainly due to the production of non-routine listing expenses, the costs associated with moving to Hong Kong, the low interest rate, the appreciation of people's interest rates and the increase in the cost of payments. on the other hand, the collection company is unable to fully and timely marry the cost to the customer, and the collection has received a lot of money recently.

The sale of the collection is geographically concentrated in the United States, which has to have a higher relationship because of the trade between China and the United States.

The purpose of the income

About 52.5% is used to improve production capacity and economic activity.

About 25.0% is used to redistribute production capacity to mountains and improve efficiency through (including) production.

About 11.7% is used for upgrading technical capabilities and upgrading information technology infrastructure.

About 10.8% is used for general financial assistance.