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O-NET TECHNOLOGIES (GROUP) LIMITED 昂納科技(集團)有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 877)
FURTHER INFORMATION IN RELATION TO
THE ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX
MONTHS ENDED 30 JUNE 2018
Reference is made to the announcement made by O-Net Technologies (Group) Limited (the "Company") dated 21 August 2018 in relation to the unaudited condensed consolidated interim financial statements of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2018 (the "Results Announcement"). Unless otherwise defined, capitalized terms used in this announcement shall bear the same meanings as those defined in the Results Announcement.
The Board hereby provides further information in relation to operating data of the major operating business sectors of the Group for the six months ended 30 June 2018 together with the comparative figures in 2017:
Major operating business sectors# -
Optical Networking and Smart Manufacturing Applications
Six months ended 30 June 2018 2017 Changes HKD'million HKD'million %/ppt
Revenue | 1,145.8 | 823.1 | 39.2 |
Cost of sales | (784.8) | (529.4) | 48.2 |
Gross profit | 361.0 | 293.7 | 22.9 |
Other gains - net* | 16.2 | 19.7 | -17.8 |
Selling and marketing costs | (43.2) | (32.7) | 32.1 |
Research and development expenses | (129.7) | (107.4) | 20.8 |
Administrative expenses | (103.0) | (85.4) | 20.6 |
Operating profit | 101.3 | 87.9 | 15.2 |
Gross profit margin (%) | 31.5 | 35.7 | -4.2 ppt |
Operating profit margin (%) | 8.8 | 10.7 | -1.9 ppt |
Note: Calculation and disclosure format of operating profit are the same as the 2017 annual report of the Company
# Excluding non-major operating business sector - consumer electronics, only including major operating business sectors - optical networking and smart manufacturing applications
* Excluding fair value gain on financial assets at fair value through profit or loss
By Order of the Board
O-Net Technologies (Group) Limited
Man Kwok Leung Company Secretary
Hong Kong, 23 August 2018
As at the date of this announcement, the executive Director is Mr. Na Qinglin, the non-executive Directors are Mr. Chen Zhujiang, Mr. Huang Bin and Mr. Mo Shangyun, and the independent non-executive Directors are Mr. Deng Xinping, Mr. Ong Chor Wei and Mr. Zhao Wei.
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O-Net Technologies (Group) Ltd. published this content on 23 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 August 2018 12:01:03 UTC