Media Relations | News & Events
Regent Manner International Holdings Limited
2007 Interim Results Announcement
Revenue Surged Over 54%
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Key Summary |
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Revenue increased by 54.1% to USD184,868,000
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Gross
profit increased by 85.9% to USD24,624,000
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Gross
profit margin further increased to13.3%
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Profit
for the period was USD17,536,000, increased by 98.3%
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Earning per shares (basic) increase to USD0.0234,
increased by 98.3%
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Enlarged production capacity to 78 production lines |
[8 August 2007,
Hong Kong] – The
world-leading TFT-LCD SMT service provider, Regent Manner
International Holdings Limited (“RMIH” or the
“Group”, stock code: 1997),
today
announced
its interim results for the 6 months ended 30 June 2007 (“review
period”). This is the first results announcement since the
Group’s listing on the Main Board of the Stock Exchange of Hong
Kong Limited (the “HKSE”) on 10 July 2007.
As the demand of
SMT solution and EMS from global market raising, during the
review period, RMIH recorded satisfied results. For the 6
months ended 30 June 2007, RMIH recorded revenue reach to
USD184,868,000,
representing an increase of approximately 54.1% over same period
of 2006; gross profit and profit for the period were USD24,624,000and
USD17,536,000,
representing an increase of 85.9% and 98.3% respectively as
compare to last year; and earnings per share (basic) were
approximately USD0.0234, representing an increase of 98.3% over
same period of last year.
“We are very
pleased of the remarkable results the Group achieved during the
review period,” said Mr. Wu Kai-Yun, founder and Chairman of
Regent Manner International Holdings Limited. “As electronic
products advance by leaps and bounds, consumers are having
greater demand, which have directly driven up demand for TCT-LCD
displays. In order to capitalize on the anticipated market
opportunities, the Group has expanded its production lines to
cater for global demand for SMT solutions and EMS.”
The Group has been
focusing on the research and development of SMT solutions since
inception. In recent years, particular efforts have been put in
the development of turnkey engagements. Positioning itself to
promptly capture business opportunities, RMIH has been
actively expanding its productivity. From 30 June 2006 to 30
June 2007, the number of SMT and EMS production lines has
substantially increased from 66 to 78. The enhanced productivity
means more than just higher production capacity to the Group. In
addition, the Group is also able to achieve economy of scale in
production activities and thereby lower its production costs. As
a result, gross profit of the Group increased to 13.3% for the
review period from 11% for the same period in 2006.
Looking forward,
Mr. Wu was full of confidence. “Given the general
improvement in living standards around the world and avid demand
for advanced technologies and electronic products, demand for
TCT-LCD panels is set to rise. This is a favourable development
for the growth of SMT solution and electronic manufacturing
solution businesses of the Group. Building on its robust
foundation, the Group will further enhance its productivity and
seize business opportunities, with the expectation of achieving
satisfactory results in future.”
Additional
productivity enhancement of the Group is planned for the second
half of the year. In particular, various production bases will
be established in northern China. In the mean time, over 20
additional SMT production lines will be set up in several cities
such as Suzhou, Ningbo, Xiamen and Dongguan. With their
proximity to the customers, the expanded production lines will
more effectively satisfy the increasing demand for services and
products, further consolidating the Group’s relation with its
customers.
In addition to
constantly improving the quality of existing products, RMIH
has also been actively developing new products. In the second
half of 2007, the Group will launch a collection of new
products, including LED light bar, which cater to the demand for
new applications in the TFT-LCD display industry. With the
development of new products, the Group is better positioned to
further develop its market and capture more market share,
further strengthening its leadership in the industry.
“As a pioneer in
the SMT solution sector, RMIH is confident of its
continued growth in the industry,” concluded Mr. Wu. “The
Group will endeavour to further enhance its solution and product
quality and productivity, thereby maintaining its market
leadership and maximising return to shareholders.”
About Regent
Manner International Holdings Limited
Regent Manner
International Holdings Limited
(“RMIH”, stock code: 1997) was established in 1997 and
listed on the Main Board of Hong Kong Stock Exchange Limited on
10 July 2007. The Group is a leading supplier of TFT-LCD panel
control boards around the globe. RMIH is the only company
in the sector focusing on the development of surface-mount
technology (SMT) for TFT-LCD displays. The Group’s SMT solutions
enable the manufacture of more precise and double-sided PCBs by
quickly mounting electronic components onto TFT-LCD panels. Such
products are widely used in LCD TVs, notebook computers, LCD
monitors and a variety of other electronic consumer products.
The products and solutions of RMIH
are highly acclaimed amongst its customers, including AU
Optronics, Innolux of the Foxconn Group and Chi Mei
Optoelectronics.
Media enquiries:
Porda international (Finance) P.R. Co., Ltd
Ms Sheila Chow
3529 1377
sheila@pordafinance.com.hk
Ms Jean
Li 3529 2700
jean@pordafinance.com.hk
Fax :
2544 6126
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