Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao, said, "Although the uncertain macroeconomic environment presented challenges to the market in the first half of 2016, our strong R&D foundation and efficient operations, together with an exceptional knowledge of manufacturing switching power supply units have enabled the Group to launch a number of new projects during the Period.
Strong demand for switching power supply units leads to growth
Ten Pao's switching power supply units can be used in a variety of industries, as reflected by its application in such products as telecommunications equipment, media and entertainment equipment, electronic cigarettes, home electrical appliances and other products (LED lighting and health care products).
During the Period, mainly attributable to the increase in sales of switching power supply units to various customers, especially that of mobile phone customers, revenue from switching power supply units for consumer products increased by 15.
The rapid revolution of the power tools, and the successive launch of new models of telecommunications equipment such as smartphones, in addition to the rapid growth of the market of electronic cigarettes, have all driven the demand of switching power supply units.
As at 30 June 2015, the Group offered more than 1,400 types of switching power supply units for consumer products which can be deployed in telecommunications equipment, media and entertainment equipment, electronic cigarettes and home electrical appliances.
Ten Pao Group Holdings Limited is a leading one-stop manufacturer of switching power supply units in the PRC and has more than 30 years of experience in the power supply industry.