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亞 洲聯 網 科 技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕達註冊成立之有限公司) (股份代號 : 0679) mill संस्था amminumum mmmmmmm answitter would be umminum unnin mmmmmm monthuman PERSONAL PRESENTED AN ....... ........ ........ ooling in in ************ 2021 年度報告 目錄 | --- | --- | |--------------------------|-------| | | | | | | | | 頁次 | | 公司資料 | 2 | | 主席報告及管理層討論 | 3 | | 董事及高層管理人員簡介 | 21 | | 董事會報告 | 24 | | 企業管治報告 | 36 | | | | | 獨立核數師報告 | 50 | | 綜合損益及其他全面收益表 | 55 | | 綜合財務狀況表 | 57 | | 綜合權益變動表 | 59 | | 綜合現金流量表 | ...

亞 洲聯 網 科 技 有限公司 Asia Tele-Net and Technology Corporation Limited (於百慕進註冊成立之有限公司) (股份代號 : 0679) 中期報告 2021 目錄 公司資料 2 管理層討論及分析 3 其他資料 21 簡明綜合財務審閱報告 27 簡明綜合損益及其他全面收益表 29 簡明綜合財務狀況表 31 簡明綜合權益變動表 33 簡明綜合現金流量表 34 簡明綜合財務報表附註 36 1 亞洲聯網科技有限公司 I 2021 中期報告 | --- | --- | |-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------| | 公司資料 | | | 董事會 | 主要往來銀行 | | 藍國慶 M.H., J.P. （主 ...

亞 洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕 達 註 冊 成 立 之 有 限 公 司 ) (股份代號 : 0679) 年度報告 2020 目 頁次 公司资料 2 3 23 26 38 52 ୧୫ 59 61 62 64 138 錄 主席報告及管理層討論與分析 | --- | |--------------------------| | | | | | 董事及高層管理人員簡介 | | 董事會報告 | | 企業管治報告 | | 獨立核數師報告 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | | 財務概要 | 公司資料 | --- | --- | |-----------------------------------|---------------------------------------------| | | | | 董事曾 | 主要往來銀行 | | 藍國慶 M.H., J.P. | 香港上海滙豐銀行有限公司 | | (主席兼 ...

亞洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕娃註冊成立之有限公司) (股份代號:0679) 中期報告 2020 目錄 | --- | --- | |------------------------------|-------| | | | | 公司資料 | 2 | | | | | 管理層討論及分析 | 3 | | 其他資料 | 26 | | 簡明綜合財務審閱報告 | 32 | | 簡明綜合損益及其他全面收益表 | 34 | | 簡明綜合財務狀況表 | 36 | | 簡明綜合權益變動表 | 38 | | 簡明綜合現金流量表 | 39 | | 簡明綜合財務報表附註 | 41 | 1 亞洲聯網科技有限公司 I 2020 中期報告 | --- | --- | |---------------------------------------------------------------------------------------------------------------------|----------------- ...

亞洲聯網科技 有 限 公 司 Asia Tele-Net and Technology Corporation Limited (於百慕逵註冊成立之有限公司) (股份代號 : 0679) 2019 年度報告 8 100 目錄 頁次 公司資料2 主席報告及管理層討論與分析3 | --- | |--------------------------| | | | | | 董事及高層管理人員簡介 | | 董事會報告 | | 企業管治報告 | | 獨立核數師報告 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合權益變動表 | | 綜合現金流量表 | | 綜合財務報表附註 | | 財務概要 | 23 26 38 52 58 59 61 62 64 146 公司資料 | --- | --- | |-------------------------------------------------|--------------------------------------| | 董事會 | 註冊辦事處 | | 藍國慶 M.H., J.P. | Clarendon House | | （主席兼董事總經理） ...

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 112,607,000 for the period ended June 30, 2019, compared to HKD 71,872,000 for the same period last year, representing an increase of 56.8%[15]. - Revenue for the period was approximately HKD 209,171,000, an increase of 8.3% compared to the previous year, primarily due to higher sales of high-end communication equipment and automobiles[17]. - Basic earnings per share for the review period were HKD 0.264, compared to HKD 0.1685 for the same period last year, indicating a significant increase[16]. - Profit before tax increased to HKD 154,268,000, up 45.2% from HKD 106,229,000 in the previous year[128]. - Net profit for the period was HKD 112,740,000, compared to HKD 71,829,000 in 2018, reflecting a growth of 56.9%[128]. Revenue Composition - Approximately 66.8% of revenue came from the printed circuit board business, while 33.2% came from surface treatment, showing a shift in revenue composition[17]. - The company’s revenue composition by installation location included 49.6% from China, 17.8% from Mexico, and 15.0% from Taiwan, indicating a diverse geographical revenue base[17]. - Revenue from the electroplating equipment business increased from HKD 108,975,000 to HKD 114,842,000, a growth of 5.4%[59]. - The surface treatment business revenue surged by 210.6% from approximately HKD 18,337,000 to about HKD 56,953,000[64]. - Revenue from external customers in China (excluding Hong Kong) was HKD 103,709 thousand, a decrease from HKD 113,968 thousand in the previous year[198]. - The company recorded revenue from Mexico of HKD 37,188 thousand, significantly up from HKD 1,180 thousand in the previous year, indicating a growth of over 3,000%[198]. Cost and Expenses - The gross profit margin improved from 20.4% in the previous year to 24.1% during the review period, reflecting efforts to enhance production efficiency and control costs[19]. - Administrative expenses decreased by 6.8% to approximately HKD 47,558,000, compared to HKD 51,027,000 in the previous year, due to ongoing cost control measures[26]. - Tax expenses for the period were approximately HKD 41,528,000, up from HKD 34,400,000 in the previous year, primarily due to increased taxable income from subsidiaries in China and Taiwan[31]. Cash Flow and Assets - The company reported a cash balance of approximately HKD 140,197,000 as of June 30, 2019, down from HKD 144,792,000 as of December 31, 2018[85]. - The net cash used in operating activities was HKD (4,596,000), compared to HKD 13,469,000 generated in the previous year, showing a significant decline[152]. - Total assets as of June 30, 2019, amounted to HKD 1,272,930,000, an increase from HKD 796,630,000 at the end of 2018[134]. - The company's current liabilities decreased to HKD 196,650,000 from HKD 216,882,000, representing a reduction of approximately 9.9%[136]. - The net current assets increased significantly to HKD 1,076,280,000 from HKD 579,748,000, marking an increase of approximately 85.7%[136]. Investments and Liabilities - The unrealized fair value loss on trading investments amounted to approximately HKD 2,384,000, an increase from HKD 7,285,000 in the previous period[34]. - Deferred tax liabilities recorded were approximately HKD 394,801,000, related to expected tax expenses from the Longhua project[57]. - The company assessed that the credit risk for receivables had not significantly increased since initial recognition, resulting in no adjustment to impairment provisions during the review period[42]. Corporate Governance - The audit committee has reviewed the financial statements for the six months ending June 30, 2019, with no significant issues reported[112]. - The company has maintained compliance with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[107]. - The remuneration committee is responsible for setting executive compensation policies and evaluating the performance of executive directors[114]. - The nomination committee regularly reviews the board's structure and composition to ensure effective governance[115]. - The company has three independent non-executive directors on the board, ensuring adequate oversight and protection of shareholder interests[110]. Future Outlook - The company anticipates that full-year revenue will be very close to that of 2018, reflecting low capital investment sentiment among customers[69]. - The company plans to continue efforts in sales expansion, customer base growth, cost control, and production efficiency improvement[70]. - The company is actively searching for a suitable long-term production base in the Shenzhen area, with the current short-term lease expiring in December 2020[82].

Financial Performance - The company recorded a profit attributable to owners of approximately HKD 84,513,000 for the year ended December 31, 2018, a decrease of about 59.7% compared to HKD 209,483,000 for the previous year[12]. - Revenue for the year was approximately HKD 342,750,000, representing a decline of about 57.2% from the previous year, primarily due to decreased sales of high-end communication equipment and automobiles[14]. - The basic earnings per share for the year were HKD 0.20, compared to HKD 0.49 in the previous year[13]. - The company reported a net unrealized fair value loss of approximately HKD 19,101,000 from trading investments, a significant increase from a gain of HKD 754,000 in the previous year[21]. - Other income and losses amounted to approximately HKD 46,290,000, including net foreign exchange gains of HKD 8,198,000, compared to a loss of HKD 8,986,000 in the previous year[20]. - Tax expenses were approximately HKD 51,938,000, down from HKD 70,504,000 in the previous period, correlating with a decrease in pre-tax revenue from the Longhua project, which was HKD 202,041,000 compared to HKD 293,697,000 last year[50]. - The company recorded a foreign exchange difference of approximately HKD 61,329,000 due to RMB depreciation and revaluation of deferred consideration and related deferred tax liabilities[51]. - The overall financial performance of the group is based on the after-tax profit attributable to the owners of the company[43]. Revenue Breakdown - Approximately 77.2% of revenue came from the printed circuit board business, while 22.8% came from surface treatment, compared to 83.7% and 16.3% respectively in the previous year[14]. - Geographically, China accounted for 59.6% of revenue, up from 46.7% in the previous year, while Taiwan contributed 20.2%, down from 30.2%[14]. - Revenue from the electroplating equipment business dropped significantly by 72.2%, from HKD 585,982,000 to HKD 162,182,000, with 51.7% of sales directed to China[67]. - Surface treatment business revenue decreased by 57.8% from approximately HKD 113.7 million to approximately HKD 48.0 million[76]. - 69.5% of the surface treatment business revenue was shipped to China, up from 64.9% in the previous year[76]. Cost and Expenses - The average gross profit margin improved from 12.9% in the previous year to 16.9% in the current year, attributed to the completion of higher-margin projects and reduced costs related to technical issues with new plating equipment[15]. - Sales and distribution costs were approximately HKD 17,738,000, which decreased by 11.1% compared to the previous year, mainly due to reduced labor costs[39]. - Administrative expenses were approximately HKD 104,540,000, reflecting a 1.0% increase from the previous year, attributed to a decrease in performance-related provisions and increased general expenses[42]. - The total employee compensation for the year was approximately HKD 132,994,000, slightly down from HKD 134,153,000 in the previous year[111]. Market Conditions - The market for high-end smartphones faced a slowdown in demand, impacting the company's order intake and production capacity utilization[68]. - The trade war has negatively impacted clients, particularly in the automotive sector, with 60% of surveyed companies reporting reduced profits and increased manufacturing costs due to tariffs[76]. - German automotive exports declined by 20% year-on-year, raising concerns about the impact of trade tensions on demand[80]. - The company anticipates weak and stagnant sales in the PCB equipment sector driven by mobile phones and automotive electronics in 2019[81]. Strategic Plans - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[12]. - The company plans to accelerate product development in flexible PCB technology and enhance after-sales services to compensate for potential losses in equipment sales[81]. - The company aims to leverage its proprietary brand "PAL" to apply electroplating technology across various sectors, promoting synchronized growth across its business divisions[98]. Shareholder Information - The company did not recommend any final dividend for the year ended December 31, 2018, consistent with the previous year[113]. - The company's reserves available for distribution to shareholders as of December 31, 2018, were approximately HKD 31,313,000, with accumulated losses of about HKD 47,134,000[149]. - The company does not recommend the payment of dividends for the fiscal year ending December 31, 2018[143]. Risk Management - The company faces significant risks including economic conditions affecting consumer confidence, which could negatively impact sales and performance in key markets such as Taiwan, the US, and Europe[134]. - The company has established credit limits for individual customers to mitigate credit risk, reviewing each customer's financial status and credit history[135]. - The company maintains a focus on managing liquidity risk by monitoring cash and cash equivalents to meet operational needs[139]. - The company has a significant exposure to foreign currency risk due to most assets and liabilities being denominated in USD, HKD, EUR, and RMB[140]. Corporate Governance - The company has not entered into any significant transactions during the review period, aside from the aforementioned supplementary agreements[97]. - The company is currently under no negotiations or agreements regarding any potential acquisitions or disposals that require disclosure[99]. - The independent auditor found no issues that would lead them to believe that the related party transactions exceeded the company's established limits[179].