| Business Summary | | APT
Satellite
Holdings
Limited
is
a
provider
of
satellite
services
throughout
the
People's
Republic
of
China
and
elsewhere
in
the
Asia-Pacific
region.
The
Company's
customers
include
many
prominent
international
broadcasters,
as
well
as
prominent
PRC,
Taiwan
and
Hong
Kong
broadcasters.
The
Company
also
provides
telecommunications
services
to,
among
others,
the
China
Telecom
Corp.
and
China
United
Telecommunications
Corp.,
the
two
main
telecommunication
service
providers
in
China.
The
Company
provides
its
services
through
its
wholly
owned
subsidiary,
APT
Satellite
Company
Limited.
APSTAR
I,
was
launched
in
July
1994
and,
since
February
1995,
effectively
all
of
its
available
transponder
capacity
was
leased.
APSTAR
IA
commenced
commercial
service
on
September
1,
1996
and,
as
of
December
31,
1999,
69%
of
its
transponders'
capacities
were
leased.
The
Company
launched
APSTAR
IIR
in
October
1997.
It
provides
increased
coverage
and
a
gain
in
power,
compared
to
APSTAR
I
and
APSTAR
IA. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | APT
Satellite
Holdings,
through
its
subsidiary,
provides
satellite
services
to
throughout
the
People's
Republic
of
China
and
elsewhere
in
the
Asia-Pacific
Region.
For
the
fiscal
year
ended
12/31/00,
revenues
fell
29%
to
HK$341.5
million.
Net
income
applicable
to
US
GAAP
fell
61%
to
HK$139.9
million.
Revenues
reflect
a
decrease
in
leasing
of
satellite
transponders
to
unaffiliated
customers.
Earnings
reflect
a
decrease
in
gross
margin
attributable
to
lower
sales. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | J. Liu, 66 | Chairman | K. He, 64 | Vice
Chairman, Pres | Ze Zhou, 58 | Vice
Chairman | Yi Leng, 62 | VP-Fin. | Miao Bao, 60 | VP
and Chief Engineer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|