Bonso Electronics International Inc.
Business Description
Bonso Electronics International Inc. designs, develops, produces and sells
electronic sensor-based and wireless products for private label original equipment
manufacturers (individually “OEM” or, collectively, “OEMs”),
original brand manufacturers (individually “OBM” or, collectively,
“OBMs”) and original design manufacturers (individually, “ODM”
or, collectively, “ODMs”).
Since 1989, we have manufactured all of our products in China in order to take
advantage of the lower overhead costs and competitive labor rates. From 1989
until 2013, all of our production took place in our Shenzhen factory; however,
we began production in our Xinxing factory. We moved all production processes
from our Shenzhen factory to the Xinxing factory, and we rented out the old
Shenzhen factory to a third party as a source of rental income.
Our primary business has been the design, development, production and sale of
electronic sensor-based and wireless products. Effective with the transfer of
manufacturing operations to our new factory in Xinxing we leased our factory
in Shenzhen to a third party. This lease marks our entry into the “property”
business. The lease with the third party terminates in August 2019. We intend
to begin the process of seeking the necessary governmental approvals to permit
us to redevelop the Shenzhen factory into a high end commercial complex, containing
retail space, office space and some residential space. If we are successful
in obtaining the necessary governmental approvals for the redevelopment, we
believe that the rental income derived from leasing the redeveloped property
will be a significant contributing factor to our profit in the future.
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