SEO Version
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WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
OPERATIONS REVIEW
Others (4.6% of the Total Revenue)
This segment which covers personal computers, toys, security equipment, and renewable energy also suffered from weaker
demand in the export and domestic markets, as reflected in the 23.7% drop in revenue to HK$146.4 million.
LOOKING AHEAD
The revival of the US economy and the stabilizing of the Eurozone are stimulating the recovery of China’s export market.
Official data released by the Chinese Government has pointed to better export performance for China in March and April
2013. Assuming that this export growth trend continues, we can expect improved industrial performance in China, which
has a direct bearing on our business.
Another key factor influencing our business is China’s ongoing transition away from export and investment-led economic
expansion, to one that is sustained by domestic consumption and services, which heralds healthier, more sustainable and
quality growth for the country. The steady increase in China’s household income, coupled with the expansion of its middle
class as well as the strategic upgrade of the lower-tier cities, will continue to provide strong support for domestic demand.
Willas-Array, having established a strong foothold in China over the years, is in a good position to capture this unique
growth opportunity.
Looking ahead, we are committed to investing more resources and efforts to further develop our China business. We will
do so by:
1. Putting more resources in engineering in order to provide more quality solutions to our existing and prospective
customers;
2. Expanding our sales coverage and market share;
3. Strengthening our value in China’s small and medium enterprise (SME) market;
4. Continuous sourcing of new products to enhance our product offering; and
5. Tapping on new opportunities in the emerging markets.
Kwok Chan Cheung
Deputy Chairman and Managing Director
June 21, 2013
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