My Favorite's blogs

My Favorite's blogs

Blog 1: Anna Towan

I like this blog (Ryanairline). This blog is very interesting: a lot of information; company strategy, key challenge risk factor, fee and charge. Also a lot of  picture and news ideas. (sometime make me laughed...lol). Very creative!!! 

http://annatowanacct11059.blogspot.com.au/

 

Blog 2 : Ricky Cui
This blog is very interesting, a lot of useful information.. I like the theme :)
Well done...

http://rickycuile.blogspot.com.au/

Blog 3: Cherry Nguye
This blog is help me better understanding about the key concept question. I'm very enjoy the reading.
Good job... Cherry

http://cherrynguyenacct.blogspot.com.au/

Veeko's Annual report

Veeko's Annual report

Annual report 2013:

http://www.irasia.com/listco/hk/veeko/annual/ar110982-e1173_130625_ar.pdf

Annual report 2012

http://www.irasia.com/listco/hk/veeko/annual/ar95119-e1173_120625_ar.pdf

Annual report 2011

http://www.irasia.com/listco/hk/veeko/annual/ar76158-e1173_ar2011.pdf

Annual report 2010

http://www.irasia.com/listco/hk/veeko/annual/ar60113-e1173_ar2010.pdf

KCQ (Veeko)

I have start with this question. "What is KCQ?". I was confused. Then I look through the assessment guide. KCQs are what you see as striking, interesting, confusing, challenging or important to you. I  had a look through my company annual report in 2013. I found that 31st march, 2013, the company recorded a turnover HK$1,408,624,000 (2012: HK$1,279,537,000), presenting an increase of 10.1% . Looking at the cosmetics business in 2013. The amount of turnover was HK$832,798,000  (2012: HK$687,410,000), presenting an increase of 21.2%. Then I looked at the fashion business,  in 2013 the amount of turnover was HK$575,826,000 (2012: HK$592,127,00), which presented a decrease of 2.8%. According to that, the cosmetics business had make profit but the fashion business had lose profit. My question is "Why the fashion business had lose its profit?" In 2013, the gross profit margin of fashion business decreased from 67.5% of last year to 64.6%, presenting 2.9% decreased. The reasons are: the rise in wages of the production workforce competition  high production cost the group strengthened its effort on promotion provided customers the discounts I think the company will need to review and continue develop with practical strategies in the future.

Link to Annual report:
http://www.irasia.com/listco/hk/veeko/annual/index.htm

Company background

 

Company Background

Veeko International Holding Limited group established in Hong Kong in 1984 by Mr Cheng Man.

The group has created  Veeko, Wanko and colourmix. Veeko and Wanko is a manufacture and wholesale ladies' cloths (smart casual design) between Aged 20-35 years old.

 

Colourmix established in 2004. Colourmix is the cosmetic retail outlet which offer a range of skincare, perfumery, make-up, personal care and Trendy items.

 

There are 69 Fashion retail outlets in Hong Kong and Macau, 47 in Taiwan, 87 in China, and is in Singapore and growing. Also over 57 colourmix store in Hong Kong and Macau.

 

Location

The group has set up the store location in tourist areas, shopping malls, department stores that are located along the routes of Mass Transit Railway.

 

Advertising

The advertising methods are in the fashion magazine, news paper, bus panels and Mass Transit Railway.

 

Awards

November 2005

Veeko group was awarded "Hong Kong Outstanding Enterprise 2005" by the Economic Digest for the excellent business management of a group

 

May 2005

Group's Veeko Wanko and colourmix awarded "superbrand" by Hong Kong super brands council

 

 

The members of the board directors of Veeko International Holdings Limited (Incorporated in the Cayman Islands with Limited liability) are:

Executive Directors

Mr. Cheng Chung Man, Johny, Chairman

Mr. Lam Yuk Sum, Chief Executive officer

Independent non-Executive Directors

Mr. Fok Kam Chu, John

Mr. Yang Wei Tak

Mr. Yeung Wing Kay

 

 

To Find out more about Veeko:

http://www.veeko.com.hk/2013fw/index.php