Kith Holdings Limited SWOT Analysis & Company Profile by BusinessReview

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									Kith Holdings Limited

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Kith Holdings Limited: SWOT Analysis &
Company Profile



Reference code: PK0078CP

Published: Dec 2010




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Kith Holdings Limited - SWOT Profile                                                Page 1
Kith Holdings Limited

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Kith Holdings Limited - Company Overview

Kith Holdings Limited (Kith) is a Hong Kong based company, which is engaged in the business of printing and
manufacturing of packaging products, printing and design services, distribution of electronic components and leasing of
assets. The product portfolio of the company includes tobacco flip-top boxes, soft pack labels and display cartons, wine
labels and cartons, pharmaceutical labels and boxes, food and beverage paper boxes, and others. The company
principally operates through three reportable segments, namely, Printing and Manufacturing of Packaging Products,
Distribution of Products and Others. The company has its operations in People’s Republic of China, the US, Hong Kong,
Europe region, Canada and Korea. Kith is headquartered at Bonham Strand East, Hong Kong.


Financial Performance

The company reported revenues of (Hong Kong Dollars) HKD 1,365.01 million during the fiscal year ended December
2009. It's revenue declined at a compounded rate of 9.19% during the period 2007-2009 with a year on year decline of
11.99% over fiscal year 2008. During the fiscal year 2009 its operating margin was 9.29% as against the operating margin
of 7.22% in fiscal year 2008. Moreover, during the fiscal year 2009 the company registered a net margin of 3.72% as
against the net margin of 2.45% in the fiscal year 2008.




Kith Holdings Limited - Key Facts

Kith Holdings Limited, Key Facts

                                  1/F, Hing Lung Commercial Bldg,
                                  , , , Hong Kong Special           Ticker Symbol, Stock            1201 (Hong Kong Stock
Corporate Address:
                                                                    Exchange                        Exchange)
                                  Administrative Region of China


Telephone                         + 852 25448778                    No. of Employees                1,000



Fax                               + 852 25411008                    Financial Year End              December



URL                               www.kithholdings.com              Revenue (in HKD Million)        1,365.01



Industry                          Paper and Packaging               Revenue (in USD Million)        176.13



Locations                         China, Hong Kong Special Administrative Region of China, Asia-Pacific, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Kith Holdings Limited - SWOT Profile                                                                                        Page 2
Kith Holdings Limited

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Kith Holdings Limited - Business Description

Kith Holdings Limited (Kith) is principally is engaged in the business of printing and manufacturing of packaging products,
printing and design services, distribution of electronic components, merchandise sales and leasing of assets. The
company, through its subsidiaries, offers a wide range of products, which includes tobacco flip-top boxes, soft pack labels,
wine labels, pharmaceutical labels and boxes, food and beverage paper boxes and etc. The company geographically
operates in People’s Republic of China, the US, Hong Kong, Europe region, Canada, Korea and others with a workforce
of approximately 1,000 employees.

The company principally operates through three reportable segments, namely, Printing and Manufacturing of Packaging
Products, Distribution of Products and Others.

The Printing and Manufacturing of Packaging Products segment of the company primarily operates in People’s Republic
of China (PRC). This segment offers various products which include tobacco flip-top boxes, soft pack labels and display
cartons, wine labels and cartons, pharmaceutical labels and boxes, food and beverage paper boxes and others. This
segment comprises of various subsidiaries which include Anhui Qiaofeng Package Printing Co., Ltd, Harbin Gaomei
Printing Company Limited Zhaotong Xinqiao Printing Co., Ltd. and etc.

The Distribution of Products segment of the company is engaged in the distribution of electronic components and other
related products. It distributes computer and telecommunication components and peripherals as well as mass
merchandise which is mainly the trading of marine fuel oil. The company distributes these products to various countries
across the globe which include PRC, the US, Hong Kong, Europe and Republic of Korea. This segment comprises of Kith
Electronics Limited and Kith Supplies Limited.

The Other segment of the company is leasing out of assets for rental income and provision of financial services.

The company’s production facilities include Yunnan Qiaotong Package Printing Co Ltd - Kunming Branch & Technology
Center, Yunnan Qiaotong Package Printing Co Ltd, Anhui Qiaofeng Package Printing Co Ltd and Harbin Gaomei Printing
Co Ltd. These production facilities are located across the People’s Republic of China. These production facilities produce
high quality, multi-color consumer product packaging in the most cost-efficient way.

The company has worldwide-recognized equipment which include first grade rotogravure; sheet-fed offset; flexo and silk
screen printing machineries and equipments from Switzerland, Germany and the US.




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Kith Holdings Limited - SWOT Profile                                                                               Page 3
Kith Holdings Limited

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Kith Holdings Limited - History

Kith Holdings Limited, History

    Year                Event type                                                   Description


                                                The company acquired a 61.5% equity interest in MiniLogic Device Corporation
   2007      Acquisitions/Mergers/Takeovers
                                                Limited.


   2006      Corporate Changes/Expansions The company started production of its Anhui Qiafong Package Printing Company.


   2005      Corporate Awards                   The company was awarded Best 200 Small Asian Listed Companies by Forbes Asia.


                                                The company was awarded Best 100 Overseas Chinese Enterprise in China by the
   2002      Corporate Awards
                                                State Council.


                                                The company entered into distribution business of electronic components, peripherals
   2000      Corporate Changes/Expansions
                                                and mass merchandise.


   1998      Stock Listings/IPO                 The company was listed on the Hong Kong Stock Exchange.


                                                The company established Yunnan Qiaotong Package Printing Company and Harbin
   1993      Corporate Changes/Expansions
                                                Gaomei Printing Company.


   1982      Incorporation/Establishment        Kith Holdings Limited was founded.

Source: Annual Report, Company Website, Primary and Secondary Research




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Kith Holdings Limited - SWOT Profile                                                                                        Page 4
Kith Holdings Limited

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Kith Holdings Limited - SWOT Analysis

SWOT Analysis - Overview

Kith Holdings Limited (Kith) is engaged in the business of printing and manufacturing of packaging products, printing and
design services, distribution of electronic components, merchandise sales and leasing of assets. The company has strong
manufacturing facilities through which it offers wide range of product that cater to diversified customers. This along with
growing industry and strong growth in end use segment provides it with suitable avenues to achieve growth. However,
declining revenues and dependence on distribution business are areas of concern. Furthermore, the company has to be
cautious about government regulations on tobacco products and intense competition from both domestic and international
competitors.


Kith Holdings Limited -
								
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