Our Businesses
Consumer Products
SIHL owns two premier consumer products companies -- Nanyang Tobacco and Wing Fat Printing -- both well established with excellent reputation and prominent position in the tobacco and printing market respectively. The consumer products sector continued to provide steady earnings and cash flow for SIHL and supported its long term business development.
Nanyang Brothers Tobacco Co. Ltd
SIHL holds 100% equity interests in Nanyang Tobacco. The revenue and net profit of Nanyang Tobacco during the period were HK$1,093 million, representing a year-on-year increase of 68.7% over the same period last year. Net profit amounted to HK281 million, representing an increase of 173.5%. During the period, Nanyang Tobacco actively and practically engaged in projects such as the QR code project and the upgrading of the esquisite can production line. The setting up of the cigarette QR code application platform has entered into a new stage, and the exquisite can production line upgrading project is progressing smoothly.
Nanyang Tobacco's Malaysia project has already met its annual target for orders received up till now, thus taking a solid step towards Nanyang Tobacco's internationalization.
The Wing Fat Printing Co. Ltd
SIHL holds 94.29% equity interests in Wing Fat Printing. Wing Fat Printing's recorded a turnover of HK$751 million during the period, representing an increase of 3.7% over the same period last year, mainly benefiting from the better growth of the tobacco-and wine-packaing and moulded-fibre businesses during the period as compared to the same period last year. Net profit for the period amounted to HK$47.66 million, representing an increase of 63.8% over the same period last year. The increase mainly came from the combined contributions resulting from structural optimization of income structure, internal cost reduction and efficiency improvements.