Citic 1616 Holdings Ltd operates in the Radiotelephone communications sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Citic 1616 Holdings Ltd with three other
companies in this sector in HONG KONG :
Hutchison Telecom Hong Kong Holdings Limited
sales of 4.55 billion Hong Kong Dollars [US$585.71 million]
of which 72%
was ted service),
Smartone Telecommunications Holdings Limited
(6.99 billion Hong Kong Dollars [US$900.34 million]
of which 97%
was Hong Kong), and
(9.45 billion Hong Kong Dollars [US$1.22 billion]
of which 89%
Citic 1616 Holdings Ltd reported sales of HK$8.92 billion (US$1.15 billion)
December of 2020.
decrease of 1.0%
versus 2019, when the company's sales were HK$9.01 billion.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Citic 1616 Holdings Ltd had sales
of HK$8.35 billion.
Contributing to the drop in overall sales was the 41.6% decline
in Sales of Mobile Handsets and Equipment, from HK$1.62 billion to HK$945.00 million.
There were also decreases in sales in
Mobile Services (down 23.0% to HK$957.00 million)
Fixed Line Services (down 15.6% to HK$190.00 million)
However, these declines were partially offset by the increase in sales of
Enterprise Solutions (up 4.5% to HK$3.23 billion)
International Telecommunications Service (up 39.8% to HK$2.48 billion)
Internet Services (up 5.4% to HK$1.12 billion)