HI SUN TECHNOLOGY (CHINA) 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.
高陽科 技（中 國）有限公 司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 818)2015 HK$'000 | 2014 HK$'000 | Change +/(-) | |
RESULTS | |||
Revenue | 1,376,846 | 1,529,179 | -10% |
Gross profit | 477,584 | 509,359 | -6% |
Segmental EBITDA | |||
(before impairment of intangible | |||
assets and property, plant and | |||
equipment and unallocated items) | 135,476 | 81,962 | +65% |
Operating profit | 6,493 | 51,014 | -87% |
Profit for the year | 192,692 | 401,244 | -52% |
Profit attributable to: - Equity holders of the Company | 183,486 | 397,071 | -54% |
- Non-controlling interests | 9,206 | 4,173 | +121% |
192,692 | 401,244 | ||
HK$ per share | HK$ per share | Change | |
+/(-) | |||
Earnings per share for profit | |||
attributable to the equity | |||
holders of the Company: | |||
Basic | 0.066 | 0.143 | -54% |
Diluted | 0.064 | 0.130 | -51% |
* For identification purposes only
As at 31 December2015 HK$'000 | 2014 HK$'000 | Change +/(-) | |
HIGHLIGHTS OF FINANCIAL POSITION | |||
Total equity | 3,337,944 | 3,214,203 | +4% |
Net current assets | 1,532,973 | 1,663,140 | -8% |
Total assets | 4,576,515 | 4,110,752 | +11% |
HK$ per share | HK$ per share | Change +/(-) | |
Net assets per share | 1.202 | 1.158 | +4% |
The board of directors (the "Board") of Hi Sun Technology (China) Limited (the "Company") hereby announces the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2015 together with the comparative figures for the year ended 31 December 2014. The annual results have been reviewed by the Audit Committee of the Company (the "Audit Committee").
FINANCIAL REVIEWAs at 31 December 2015, the Group reported total assets of HK$4,576.5 million (2014: HK$4,110.8 million), which were financed by total liabilities of HK$1,238.6 million (2014: HK$896.5 million) and equity of HK$3,337.9 million (2014: HK$3,214.2 million). The net asset value was HK$3,337.9 million (2014: HK$3,214.2 million). Net assets per share amounted to HK$1.202 as at 31 December 2015 as compared to HK$1.158 per share as at 31 December 2014.
As at 31 December 2015, the Group had cash and cash equivalents of HK$2,292.3 million (2014: HK$1,977.7 million) and no short term borrowings (2014: Nil). The net cash position as at 31 December 2015 was HK$2,292.3 million as compared to HK$1,977.7 million as at 31 December 2014. The gearing ratio (defined as total borrowings divided by shareholders' equity) was zero (2014: same). The gearing ratio is considered healthy and suitable for the continued growth of the Group's business.
As at 31 December 2015, the Group had no bank borrowings (2014: Nil) and had banking facilities of approximately HK$21.2 million (2014: HK$22.5 million). As at 31 December 2015, the banking facilities were secured by the leasehold land and buildings of a subsidiary of the Company, with a net carrying amount of HK$3.2 million (2014: HK$3.5 million) and HK$11.0 million (2014: HK$12.7 million), respectively.
Approximately HK$1,403.0 million, HK$522.7 million, HK$271.9 million, HK$87.9 million and HK$6.8 million of the Group's cash balances were denominated in Renminbi, Hong Kong dollar, US dollar, Japanese Yen and Macanese pataca ("MOP") respectively as at 31 December 2015.
Approximately HK$979.4 million, HK$626.0 million, HK$272.9 million, HK$92.2 million and HK$7.2 million of the Group's cash balances were denominated in Renminbi, Hong Kong dollar, US dollar, Japanese Yen and MOP respectively as at 31 December 2014.
Save as disclosed in this announcement, the Group had no significant investment held as at 31 December 2015.
Save as disclosed in this announcement, the Group did not have any material acquisition or disposal of subsidiaries or associated companies during the year ended 31 December 2015.
Future plans for material investments or capital assetsSave as disclosed in this announcement, there was no specific plan for material investments or capital assets as at 31 December 2015.
The Group derives its revenue, makes purchases, incurs expenses and has its assets and liabilities denominated mainly in US dollars, Renminbi, Hong Kong dollars and Japanese Yen. Currently, the Group has not entered into any agreements or purchased instruments to hedge the Group's exchange rate risks. Any material fluctuation in the exchange rates of Hong Kong dollars, Renminbi or Japanese Yen may have an impact on the operating results of the Group.
During the year, the Company entered into a performance guarantee agreement with a customer (the "Performance Guarantee Agreement"). Pursuant to the Performance Guarantee Agreement, the Company agreed to provide the customer with a guarantee in relation to the due and punctual performance of a subsidiary of the Group in providing services for a modernisation project with not more than HK$60,000,000 and claims of infringement of third party's intellectual property right. As at 31 December 2015, the Company does not recognise any liability in relation to the Performance Guarantee Agreement as the Directors of the Company consider the possibility of reimbursement is not probable.
Save as disclosed above, the Group had no material contingent liability as at 31 December 2015.
The total number of employees of the Group as at 31 December 2015 was 2,104. The breakdown of employees by division is as follows:
Payment processing solutions | 401 |
Financial solutions | 348 |
Electronic power meters and solutions | 443 |
Telecommunication solutions | 260 |
Payment platform solutions | 598 |
Others | 20 |
Corporate office | 34 |
2,104 |
Hi Sun Technology (China) Limited issued this content on 08 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 March 2016 15:09:03 UTC
Original Document: http://file.irasia.com/listco/hk/hisun/annual/2015/res.pdf
