Yik Wo International Holdings Limited
YIKWF
Other OTC0.02
USD
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Yik Wo International Holdings Limited
YIKWF
(Other OTC)
Recent
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0.02
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yld
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ROIC.AI
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- Yik Wo International Holdings Limited Yik Wo International Holdings Limited (8659.HK), an investment holding company incorporated in the Cayman Islands in 2011 and headquartered in Jinjiang, Fujian Province, People's Republic of China, principally engages in the design, development, manufacture and sale of disposable plastic food storage containers under the JAZZIT brand; it also operates a mobile app and e-commerce platform for daily necessities, beauty and skin care products, household appliances, domestic special agricultural products and other household goods. The company's core products encompass round, oval, rectangular and cubic box series; multi-compartment bento box series; cup series; and removable tray series, with annual production capacity of approximately 14,585 tons across facilities totaling 11,124.3 square meters; it sells domestically across provinces including Fujian, Guangdong, Zhejiang, Shaanxi, Hebei and Henan, and internationally. Yik Wo holds 41 registered patents, nationwide industrial product production licenses, environmental management system certification and quality management system certification; according to Frost & Sullivan, it ranked as China's fourth-largest disposable plastic lunch box producer by sales in 2019. In recent developments, Yik Wo completed the acquisition of June Pictures & Media Limited in April 2022 for RMB20.6 million to enter the film investment sector amid rebounding PRC entertainment demand post-COVID; it acquired Beijing Youpinhui Trading Co., Ltd. (via Youpinhui Enterprise Limited) in June 2022 for HK$18.5 million, launching the Yihe Tianxia e-commerce app in July 2022, which contributed to e-commerce revenue growth; in May 2023, it adjusted its joint venture Beijing Yihe Tianxia Network Technology Co., Ltd. shareholding to 50% under PRC foreign ownership restrictions for value-added telecom services. The company appointed Lui Mei Ka as company secretary and authorised representative effective April 12, 2024, replacing Kwong Oi Man Patty; it submitted a formal application on May 9, 2024, under Chapter 9B of the Main Board Listing Rules for transfer from GEM to the Main Board of the Hong Kong Stock Exchange, following a lapsed prior attempt in 2023. For the six months ended June 30, 2024, revenue rose 5.8% year-over-year to RMB155.8 million, driven by higher disposable container and e-commerce sales, with profit surging 72.3% to RMB18.8 million; as of that date, it employed 202 staff with no borrowings and net current assets of RMB233.7 million.