Phoenitron Holdings Limited
Climate Impact & Sustainability Data (2018)
Reporting Period: 2018
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Difficult business environment for SIM card manufacturing, especially in the first half of the year.
- Volatility of global oil prices impacting petro-chemical products business.
- Reliance on a limited number of customers (five largest customers contributed 96.6% of total revenue).
- Default risks in the wholesale of petro-chemical products due to significant transaction amounts.
Mitigation Strategies
- Implemented cost-cutting and improved operating efficiency measures in SIM card business.
- Solidified relationships with existing customers and expanded client base in SIM card business.
- Adopted a conservative approach towards the petro-chemical products business.
- Reviewing the petro-chemical products business and taking appropriate action.
- Expanding customer base to mitigate reliance on a limited number of customers.
- Conducting wholesale business only with large-scaled enterprises with good credit ratings in petro-chemical products.