Corporate Governance
The decrease in net profit and EPS in 2019 was mainly attributed to a downturn in the solar power sector. Consequently, MAS Automation (a Chroma subsidiary) experienced a drastic decline in operating revenues. This led to a significant decrease in our profit margin for the current fiscal year and in turn affected our net profit and EPS. However, Chroma is poised to focus extensively on new 5G technology applications. We are working on AI and IoT applications with several major international brand names to increase our product lines and improve our operational performance.
Financial data for the last three years (2017-2019)
Key financial ratio for the last 3 years (2017-2019)
Name of subsidiary | Main business |
|---|---|
Neworld Electronics Ltd | Sale and maintenance of electronic test instruments, etc. |
Chroma Investment Co., Ltd | Investment |
Sensational Holding Ltd | Investment |
Chroma ATE Europe B.V | Sale and maintenance of electronic test instruments, etc |
Chroma ATE Inc. | Sale and maintenance of electronic test instruments, etc |
Chen Hwa Technology Inc. | Testing and trading of inductance, capacitance and resistance parts |
CHI Incorporation Ltd. | Testing and trading of inductance, capacitance and resistance parts |
Chroma New Material Corp. | Processing and trading of gold wire |
San Eagle Development Corp. | Investment |
Wei Kuang Automatic Equipment Co., Ltd | Design, manufacturing, installation and testing of turnkey automated conveyor solutions |
Testar Electronics Corp. | Testing of LED products |
Sensational Holding Ltd | Investment |
Chroma Japan Corp. | Sale and maintenance of electronic test instruments, etc. |
Chroma Systems Solutions, Inc. | Sale and maintenance of electronic test instruments, etc |
Adivic Technology Co. | Development and distribution of radio-frequency devices |
EVT Technology Co., Ltd | Motorcycle and parts manufacturing |
Quantel Private Ltd. | Sale and maintenance of electronic test instruments, etc. |
Innovative Nanotech Inc | Monitoring instruments for nanoparticles |
Touch Cloud Inc | Development and integration of cloud platforms and Internet of |
Chroma Electronics (Shenzhen) Co., Ltd | Sale of computerized automation test systems, peripherals and electronic test instruments |
Chroma Electronics (Shanghai) Co., Ltd | Sale of computerized automation test systems, peripherals and electronic test instruments |
Chroma (Shanghai) Trading Co., Ltd | International and transit trading, simple commercial processing, commercial consultation, etc. |
Chroma ATE (Suzhou) Co., Ltd | Sale of computerized automation test systems, peripherals and electronic test instruments |
Wei Kuang Mech. Eng. Inc. | Investment |
Moguan Technology (Nanjing) Co., Ltd | Sale, assembly, installation and maintenance of factory conveyors and related systems |
Wei Kuang Autotech Equipment (Nanjing) Co., Ltd | Sale, assembly and maintenance of electronic production equipment and factory conveyor systems |
Wei Kuang Autotech Equipment (Xiamen) Co., Ltd | Sale, assembly and maintenance of electronic production equipment and factory conveyor systems |
Sajet System Technology (Suzhou) Co., Ltd | Development and design of computer network security systems and information management systems |
Wei Da Electric Vehicle Co., Ltd | Sale and lease of motorcycles |
Adivic Holding Corporation | Sale and development of radio-frequency devices |
Quantel Technologies India Private Ltd. | Sale and maintenance of electronic test instruments, etc. |
Quantel Global Vietnam Co.,Ltd. | Sale and maintenance of electronic test instruments, etc. |
Quantel Global Sdn. Bhd. | Sale and maintenance of electronic test instruments, etc. |
Quantel Global Philippines Corp. | Sale and maintenance of electronic test instruments, etc. |
Chroma Germany GmbH | Sale and maintenance of electronic test instruments, etc. |
