|
|
|
|
|
HONG KONG, Mar 24, 2022 - (ACN Newswire) - Vertical International Holdings Limited, stock code 8375.HK ("Vertical International" or "The Group") reported 2021 Annual Results for the year ended 31 December 2021. The Group's 2021 total revenue was HK$132.5 million, a rise of 37.6%, from approximately HK$96.3 million in 2020. Sales of the Group's self-manufactured aluminum electrolytic capacitor products increased substantially from approximately HK$78.2 million in 2020 to approximately HK$105.0 million in 2021. The 2021 gross profits grew by 53.3% or HK$8.1 million year on year to approximately HK$23.3 million.
Vertical International derived its 2021 revenue mainly from sales of manufactured aluminum electrolytic capacitors and sales of trading electronic components. The growth of sales revenue was also attributable to the Group's business expansion with key and new customers and its aggressive pricing strategy to enlarge its market share. The Group will continue to carefully and extensively review the current situation about costs and resources deployment and will consider tightening its control over the operating costs effectively to maximize its profits.
The Group Chairman and Chief Executive Officer Mr. Henry Boon said, "We achieved a solid financial performance in 2021 particularly growing sales volume in China - our largest customer market due to improved and recovered economy in China in favor of its successful multiple measures and reliefs in the context of the Covid-19 pandemic."
Media enquiries:
New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai jenny.lai@newsmilehk.com
Jenny Cheung jenny.cheung@newsmilehk.com
Richard Wong richard.wong@newsmilehk.com
Vertical International Holdings Limited, stock code 8375.HK ("Vertical International" or "The Group")
Vertical International Holdings Limited is an investment holding company. The Company and its subsidiaries (collectively referred to as the "Group") are principally engaged in the manufacturing and trading of aluminum electrolytic capacitors and trading of electronic components. The production process developed by the in-house Research and Development (R&D) team utilizes its own patented production methods which were registered and granted by China Authorities to improve production efficiency and save costs. The parent company of the Group is headquartered in Hong Kong and its subsidiaries are located in Hong Kong, Dongguan and Shaoguan. Vertical International's manufactured aluminum electrolytic capacitor products are used in a variety of electronic products, including home appliances, audio-visual equipment, personal computers, automotive electronics, communication equipment and toys.
Company website: www.verticaltech.com.cn/Eng
Topic: Press release summary
Source: Vertical International Holdings Limited
Sectors: Electronics
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
HKTDC's response to World Trade Organization's latest report
Apr 3, 2026 23:00 HKT/SGT
|
|
|
Transgene and NEC Bio Sign License Agreement to Prepare the Next Steps of the Development of TG4050 in Head and Neck Cancer
Friday, April 3, 2026 11:33:00 AM
|
|
|
Hitachi Rail announces agreement to acquire Clever Devices, marking its growth as a global digital mobility player
Friday, April 3, 2026 10:09:00 AM
|
|
|
Datavault AI CEO Nathaniel Bradley to Present DataValue(R), DataScore(R), and Information Data Exchange(R) Technologies at XRP Tokyo 2026
Apr 3, 2026 07:00 HKT/SGT
|
|
|
OMRON Healthcare and UCSF launch AFib trial 
Thursday, April 2, 2026 11:00:00 PM
|
|
|
U.S. Polo Assn. Supports Division I National Intercollegiate Championship, Showcasing the Future of the Sport of Polo
Apr 2, 2026 19:00 HKT/SGT
|
|
|
Founders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au
Apr 2, 2026 18:59 HKT/SGT
|
|
|
DENSO and FoodVentures Strengthen Collaboration through Capital Partnership in the Agricultural Sector
Thursday, April 2, 2026 6:56:00 PM
|
|
|
Luxury NEV Enterprise Seres Hits Record High Revenue of RMB164.89 Billion in 2025, Maintaining Positive Profitability for Second Consecutive Year
Apr 2, 2026 16:09 HKT/SGT
|
|
|
Habitat for Humanity Asia-Pacific joins global 'Let's Open the Door' campaign to spotlight housing need
Apr 2, 2026 16:06 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
|
|
|
 |
|
