Dah Chong Hong Holdings (DCH) has announced that its total turnover jumped by 45 per cent to HK$$32.2 billion. In addition, profit attributable to shareholders soared 98.7 per cent to a record HK$1.4 billion and return on equity rose by 23 per cent.
These encouraging figures for 2010 demonstrate that the group has been proceeding in the right direction in terms of its mainland strategy. Motor and motor-related business remains at the core of its business operations, accounting for 76 per cent of total revenue. Turnover in this segment leapt by 57.4 per cent to HK$24.6 billion last year, while the food and consumer products division recorded 15.5 per cent growth, and logistics edged up 12.9 per cent.
As the group celebrates last year's success, CEO Donald Yip attributes these achievements to two things - quality and commitment.
'We always strive to deliver the best to our customers and shareholders because that's our commitment. We had a highly successful year in 2010, we achieved what we set out to achieve and we delivered as promised,' Yip says.
The group sold more than 9,200 new vehicles in Hong Kong last year, a 22 per cent increase over the previous year, giving Dah Chong Hong a 23 per cent share of the new-vehicle market.
Its sales performance on the mainland was highly impressive last year with growth of nearly 46 per cent in the number of vehicles sold, outperforming the overall market in the country.