- Business
- Allan International Holdings Limited (0684.HK) is a Hong Kong-based investment holding company principally engaged in the design, manufacture, and trade of household electrical appliances, with manufacturing facilities in Guangdong, PRC, capable of producing over 10 million units annually; it specializes in OEM and ODM projects, offering total solutions for worldwide clients including food processors and mixers, juicing and blending products, deep frying products, kettles, electric knives, and other small kitchen appliances. The company also manufactures and trades plastic injection moulds and plastic parts; engages in property investment and holding activities, generating rental and building management fee income from investment properties in Hong Kong (Wanchai) and the PRC (Hui Nam Hi-Tech Industrial Park); and participates in securities investment activities. It operates across Europe (15% of FY2025 sales turnover), Asia (17%), America (64%), and other markets, targeting major customers selling under well-known brand names, with approximately 1,530 employees primarily in the PRC. Incorporated in 1992 and headquartered at Flat B, 23/F, Chaiwan Industrial Centre, 20 Lee Chung Street, Chai Wan, Hong Kong, the company maintains subsidiaries such as Allan Electric Mfg. Limited, Allan Trading (HK) Company Limited, and others focused on manufacturing, trading, and plastics production. In recent developments for the fiscal year ended March 31, 2025, the company entered into a tenancy agreement with Ardent Investment Limited, a subsidiary of a connected person; responded to challenging market conditions marked by high inflation, geopolitical tensions, and US-China tariff fluctuations (including reciprocal tariffs peaking at 125% in April 2025 before partial reductions via Geneva and London agreements) by sub-contracting production in Malaysia for US exports and introducing more automated equipment to enhance efficiency; and reported a 4% decline in sales turnover to HK$465.2 million amid a 41% drop in European sales due to a customer's shift to China sales destinations, alongside a net loss of HK$96.1 million driven by a 70.6% gross profit reduction to HK$11.6 million (2.5% margin), fair value decreases in investment properties (HK$38 million in Hong Kong, HK$7.3 million equivalent in PRC), and controlled cost measures with administrative expenses at 16.8% of turnover.