Ni Hsin Berhad Annual Report 2017

Ni Hsin Resources Berhad (653353-W) Annual Report 2017 10 Management Discussion And Analysis (continued) Sales Performance by Division The Group’s performance by each Division for the financial year ended 31 December 2017 is as follows: (i) Cookware The Cookware Division’s revenue for FY2017 increased slightly by RM0.10 million or 0.5% to RM19.37 million compared with the revenue achieved in FY2016 of RM19.28 million. The Group experienced lower sales of premium cookware to Japan which is the Group’s major export market by 10.7% as compared to FY 2016. However, sales to the Asia Pacific countries (excluding Japan), Europe, USA and Canada improved in FY2017. The cookware revenue by geographical market for the period is as follows: FY2017 RM’000 FY2016 RM’000 Increase/ (Decrease) RM’000 % Japan 6,334 7,096 (762) (10.7%) Asia Pacific (excluding Japan) 10,799 10,117 682 6.7% USA & Canada 1,713 1,665 49 2.9% Europe 527 398 129 32.4% 19,373 19,276 98 0.5% (ii) Convex Mirror The Convex Mirror Division achieved a revenue of RM12.10 million for FY2017, an increase of RM0.97 million compared with the revenue of RM11.13 million achieved in FY2016. The increase in revenue is attributed to higher overall export sales. FY2017 RM’000 FY2016 RM’000 Increase/ (Decrease) RM’000 % Japan 4,379 3,953 426 10.8% Asia Pacific (excluding Japan) 4,528 4,440 88 2.0% USA & Canada 333 292 41 14.0% Europe 2,857 2,445 412 16.9% 12,097 11,130 967 8.7% (iii) Clad Metal Clad Metal Division’s revenue improved in FY2017 by RM0.73 million to RM8.14 million compared with the revenue achieved in FY2016 of RM7.41 million. Sales of clad metal to Asia Pacific and Europe improved in FY2017 but the orders from customers in Japan, USA and Canada were lower in FY2017. FY2017 RM’000 FY2016 RM’000 Increase/ (Decrease) RM’000 % Japan 2,474 2,944 (470) (16.0%) Asia Pacific (excluding Japan) 2,756 1,714 1,042 60.9% USA & Canada - 335 (335) (100%) Europe 2,912 2,418 494 20.4% 8,142 7,411 731 9.9%