投资者关系

Chairman's Statement

China TOP Security Chip Supplier

Chairman’s Statement

On behalf of the board of directors (the “Board”)of China Electronics Huada Technology CompanyLimited (the “Company”), I hereby report that,for the year 2023, the Company together with itssubsidiaries (the “Group”) achieved a sales revenue ofHK$3,019.1 million, representing an increase of 21.6%when comparing with last year, and earned a profitattributable to the shareholders of the Company ofHK$686.4 million, representing an increase of 29.2%when comparing with last year. Basic earnings pershare was HK33.82 cents.


The Board recommends the payment of a dividend ofHK10.5 cents per share for the year ended 31 December2023 (2022: HK8.0 cents). Subject to the approval of theshareholders of the Company at the forthcoming annualgeneral meeting, the dividend will be distributed on orbefore 31 July 2024.


Looking ahead, global demand for smart cards willcontinue to be in a downward cycle. 2024 will bringchallenges to the Group’s operations as competitionin the industry intensifies and the selling prices ofsmart cards and secure element chip products willbe on a declining trend. The Group will closelymonitor application trend changes in domestic andinternational markets and flexibly adjust productionand sales strategies, so as to provide more diverse andcompetitive products to better satisfy customers’ needs.The Group will also continue to consolidate its leadingposition in the smart cards sector and strengthen thesecure element chips business expansion.


On the other hand, leveraging years of accumulatedexpertise in smart cards and secure element chips designand application technology, the Group will graduallystrengthen its research and development in the sector ofsecure element chips for the Internet of Things and theintelligent connected vehicles with a market-orientatedapproach, taking into account the development paceof the Internet of Things and the intelligent connectedvehicles applications, and optimise product mix withtechnological innovation to strive to meet the needs ofcustomers, thereby creating a sustainable future.


In January 2024, Ms. Luo Wenjing resigned as anexecutive director of the Company. On behalf of theBoard, I would like to thank Ms. Luo for her invaluablecontributions during her tenure of service.


Lastly, on behalf of the Board, I would like to thankall staff members for their contributions and tirelessefforts in the past year, and express our most sinceregratitude to our shareholders and business partners fortheir longstanding trust and support.


Xu Haidong  Chairman          

28 March 2024