O-NET TECHNOLOGIES (GROUP) LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
O-NET TECHNOLOGIES (GROUP) LIMITED㖪 䲵 䥹 ㈨ 炷 普 ⛀ 炸 㚱 旸 ℔ ⎠
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 877) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 RESULTSThe board (the "Board") of directors (the "Directors") of O-Net Technologies (Group) Limited (the "Company") is pleased to announce the unaudited interim condensed consolidated financial statements of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2016 together with the comparative figures. The unaudited interim condensed consolidated financial statements have not been audited or reviewed by the Company's auditor, but have been reviewed by the Company's audit committee (the "Audit Committee").
CONDENSED CONSOLIDATED INCOME STATEMENT(All amounts in Hong Kong dollar thousands unless otherwise stated)
(Unaudited) For the six months ended 30 JuneNote(s) | 2016 HKD'000 | 2015 HKD'000 | ||
Revenue | 4 | 746,150 | 520,511 | |
Cost of sales | (508,652) | (345,108) | ||
Gross profit | 237,498 | 175,403 | ||
Other gains - net | 6,673 | 5,971 | ||
Selling and marketing costs | (31,349) | (23,224) | ||
Research and development expenses | (81,412) | (66,337) | ||
Administrative expenses | (69,690) | (63,384) | ||
Operating profit | 61,720 | 28,429 | ||
Finance (expense) income | 8 | (8,017) | 2,953 | |
Share of result of an associate | - | (2,164) | ||
Share of result of a joint venture | (837) | (983) | ||
Profit before income tax | 7 | 52,866 | 28,235 | |
Income tax expenses | 9 | (8,595) | (2,383) | |
Profit for the period | 44,271 | 25,852 | ||
Profit attributable to: Equity holders of the Company | 45,011 | 25,852 | ||
Non-controlling interests | (740) | - | ||
44,271 | 25,852 | |||
Earnings per share for profit attributable to | ||||
equity holders of the Company (HKD per share) | ||||
- Basic | 11 | 0.06 | 0.04 | |
- Diluted | 11 | 0.06 | 0.04 | |
(All amounts in Hong Kong dollar thousands unless otherwise stated)
Note(s) | As at 30 June 2016 (Unaudited) HKD'000 | As at 31 December 2015 (Audited) HKD'000 | |
ASSETS Non-current assets Land use right | 25,542 | 26,067 | |
Property, plant and equipment | 701,870 | 698,576 | |
Intangible assets | 39,204 | 41,388 | |
Investments accounted for using the equity method | 14,715 | 15,553 | |
Deferred income tax assets | 9,588 | 10,436 | |
Available-for-sale financial assets | 12,272 | 12,272 | |
Derivative financial instruments | 322 | 1,322 | |
Other receivables | 5 | 27,358 | 27,908 |
Other non-current assets | 33,422 | 25,185 | |
864,293 | 858,707 | ||
Current assets Inventories | 233,257 | 227,538 | |
Trade and other receivables | 5 | 609,152 | 509,195 |
Other current assets | 6,929 | 2,172 | |
Pledged bank deposits | 35,923 | 5,635 | |
Term deposits with initial term of over three months | 44,888 | 35,808 | |
Cash and cash equivalents | 259,225 | 133,910 | |
1,189,374 | 914,258 | ||
Total assets | 2,053,667 | 1,772,965 | |
EQUITY Capital and reserves attributable to equity holders of the Company Share capital | 7,374 | 7,319 | |
Share premium | 818,066 | 807,830 | |
Treasury shares | (74,927) | (74,927) | |
Other reserves | 26,485 | 51,373 | |
Retained earnings | 583,526 | 538,516 | |
1,360,524 | 1,330,111 | ||
Non-controlling interests | 3,603 | 4,718 | |
Total equity | 1,364,127 | 1,334,829 |
As at 31 December
2015
(Unaudited) (Audited)Note(s) HKD'000 HKD'000
LIABILITIES Non-current liabilitiesDeferred government grants 14,852 15,852
Current liabilitiesTrade and other payables | 6 | 560,625 | 340,897 |
Current income tax liabilities | 12,265 | 3,141 | |
Other current liabilities | - | 3,817 | |
Borrowings | 101,798 | 74,429 | |
674,688 | 422,284 | ||
Total liabilities | 689,540 | 438,136 | |
Total equity and liabilities | 2,053,667 | 1,772,965 |
O-Net Communications (Group) Ltd. published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 09:08:07 UTC.
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