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 Company Limited (the “Company”), I hereby announce that, for the year 2024, the Company together with its subsidiaries (the “Group”) achieved a sales revenue of HK$2,349.0 million, representing a decrease of 22.2% when comparing with last year, and earned a profit attributable to the shareholders of the Company of HK$587.5 million, representing a decrease of 14.4% when comparing with last year. Basic earnings per share was HK28.94 cents.

 

The Board recommends the payment of a dividend of HK9.0 cents per share for the year ended 31 December 2024 (2023: HK10.5 cents). Subject to the approval of the shareholders of the Company at the forthcoming annual general meeting, the dividend will be distributed on or before 31 July 2025. 

 

Looking ahead, the global macroeconomic environment will remain weak and the demand for smart cards will continue to be in a downward cycle. With the entry of new domestic smart card chips companies into competition, the competition in the industry will become increasingly intense and the selling price of smart card chip products will continue to show a downward trend, which will pose challenges to the Group’s operations. On the other hand, as information security requirements in various industries continue to increase, and the demand for security in intelligent devices continue to rise, the range of application of security SE chips and security microcontroller unit chips will become more and more extensive in the future, which will bring new market opportunities for the Group. With challenges and opportunities coexisting, the Group will closely monitor application trend changes in both domestic and international markets, intensify efforts to expand potential markets, and dynamically adjust production and sales strategies, so as to provide a wider variety of and more competitive products to better meet customers’ needs. 

 

On the other hand, leveraging years of accumulated expertise in security chips design and application technology, the Group will continue to strengthen investment in research and development of security chips in the sector of mobile terminals, Internet of Things and Internet of Vehicles with a market-orientated approach, taking into account the development pace of mobile terminals, Internet of Things and Internet of Vehicles applications, and optimise product mix with technological innovation to strive to meet the needs of customers, thereby creating a sustainable future.

 

In January 2024, Ms. Luo Wenjing resigned as an executive director of the Company. On behalf of the Board, I would like to thank Ms. Luo for her invaluable contributions during her tenure of service.

 

In September 2024, Mr. Xu Haidong resigned as the Chairman of the Board and a non-executive director of the Company. On behalf of the Board, I would like to thank Mr. Xu for his invaluable contributions during his tenure of service.

 

In November 2024, Ms. Liu Jinmei retired as a non-executive director of the Company and a member of the remuneration and nomination committee of the Company. On behalf of the Board, I would like to thank Ms. Liu for her invaluable contributions during her tenure of service.

 

Lastly, on behalf of the Board, I would like to thank all staff members of the Group for their contributions and tireless efforts in the past year, and express our most sincere gratitude to our shareholders and business partners for their longstanding trust and support.

 

Sun Jie, Chairman

Hong Kong, 28 March 2025