Alltronics : ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 (in PDF)

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ALLTRONICS HOLDINGS LIMITED

華訊股份有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 833)

ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2019

The board (the "Board") of directors ("Directors") of Alltronics Holdings Limited (the "Company") is pleased to present the unaudited interim results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2019 (the "Period") together with comparative figures for the corresponding period in 2018 as follows:

INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 June 2019

		For the six months ended
		30 June
	Notes	2019		2018
		(Unaudited)	(Unaudited)
		HK$'000	(Restated)
		HK$'000
CONTINUING OPERATIONS		635,728
Revenue	4		606,123
Cost of sales		(535,424)	(522,167)
Gross profit		100,304		83,956
Distribution costs		(6,958)	(9,661)
Administrative expenses		(46,948)	(52,864)
Other operating expenses, net		(3,309)	(2,265)
Operating profit		43,089		19,166
Impairment losses on financial assets		(113,550)	-
Gain on deemed disposal of partial interests in		-
an associate		17,639
Share of profits and losses of associates		(3,773)	(4,887)
Finance income		2,187		2,612
Finance costs	6	(9,207)	(6,710)

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		For the six months ended
		30 June
	Notes	2019		2018
		(Unaudited)	(Unaudited)
		HK$'000	(Restated)
		HK$'000
(Loss)/Profit before tax from continuing operations	5	(81,254)	27,820
Income tax expense	7	(9,637)	(9,265)
(Loss)/Profit for the period from continuing operations		(90,891)	18,555
DISCONTINUED OPERATION		73,436
Profit for the period from a discontinued operation	8		18,747
(LOSS)/PROFIT FOR THE PERIOD		(17,455)	37,302
Attributable to:
	(16,805)
Owners of the parent		35,350
Non-controlling interests		(650)	1,952
		(17,455)	37,302
(LOSS)/EARNINGS PER SHARE
ATTRIBUTABLE TO ORDINARY EQUITY
HOLDERS OF THE PARENT	9	HK cents	HK cents
				(Restated)
Basic		(1.78)
- For (loss)/profit for the period		3.74
- For (loss)/profit from continuing operations		(9.54)	1.76
Diluted
	(1.78)
- For (loss)/profit for the period		3.74
- For (loss)/profit from continuing operations		(9.54)	1.76

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INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2019

	For the six months ended
	30 June
	2019		2018
	(Unaudited)	(Unaudited)
			(Restated)
	HK$'000	HK$'000
(LOSS)/PROFIT FOR THE PERIOD	(17,455)	37,302
Other comprehensive income/(loss)
Other comprehensive income/(loss) that may be reclassified
to profit or loss in subsequent periods:
Exchange differences on translation of foreign operations	4,539		(184)
Other comprehensive income/(loss) for the period,
net of tax	4,539		(184)
TOTAL COMPREHENSIVE (LOSS)/INCOME
FOR THE PERIOD	(12,916)	37,118
Attributable to:
Owners of the parent	(12,922)	34,674
Non-controlling interests	6		2,444
	(12,916)	37,118

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INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2019

		30 June		31 December
	Notes	2019	2018
		(Unaudited)		(Audited)
		HK$'000		HK$'000
NON-CURRENT ASSETS
Property, plant and equipment		232,665	238,660
Right-of-use assets		35,157		-
Prepaid land lease payments		-	1,570
Goodwill		11,672	11,672
Investments in associates		43,407	47,216
Prepayments, other receivables and other assets		11,849	13,110
Long term receivables	11	4,796	8,367
Equity investments designated at fair value through
other comprehensive income		2,273	2,273
Deferred tax assets		3,009	2,006
Total non-current assets		344,828	324,874
CURRENT ASSETS
Inventories		288,581	306,213
Trade receivables	12	193,842	246,469
Long term receivables - current portion	11	25,279	23,322
Prepayments, other receivables and other assets		302,421	302,939
Pledged deposits		6,264	6,569
Cash and cash equivalents		67,992	64,820
		884,379	950,332
Assets of a disposal group classified as held for sale		-	2,647,636
Total current assets		884,379	3,597,968

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		30 June	31 December
	Notes	2019		2018
		(Unaudited)	(Audited)
		HK$'000	HK$'000
CURRENT LIABILITIES
Trade and bills payables	13	220,951		246,440
Lease liabilities		15,668		-
Other payables and accruals		74,222		63,614
Deferred revenue		1,814		2,004
Tax payable		17,351		8,767
Interest-bearing bank and other borrowings		300,749		398,044
		630,755		718,869
Liabilities directly associated with the assets
classified as held for sale		-	2,621,453
Total current liabilities		630,755		3,340,322
NET CURRENT ASSETS		253,624		257,646
TOTAL ASSETS LESS CURRENT LIABILITIES		598,452		582,520
NON-CURRENT LIABILITIES
Lease liabilities		18,305		-
Deferred revenue		1,102		1,951
Deferred tax liabilities		743		789
Total non-current liabilities		20,150		2,740
Net assets		578,302		579,780
EQUITY
Equity attributable to owners of the parent
Share capital		9,461		9,461
Reserves		562,707		564,191
		572,168		573,652
Non-controlling interests		6,134		6,128
Total equity		578,302		579,780

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