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.
࠰ಥʹʿഐၑהϞࠢʮ̡ʿ࠰ಥᑌΥʹהϞࠢʮ̡࿁͉ʮбʘʫ࢙฿ʔࠋபd ࿁Չᆽאҁ͵ʔ೯ڌОᑊdԨᆽڌͪd฿ʔ࿁Ϊ͉ʮбΌאО ʱʫ࢙Ͼପ͛אΪ፠༈ഃʫ࢙ϾˏߧʘОฦ̰וዄОப f
ANNOUNCEMENT OF RESULTS
FOR
THE YEAR ENDED 31 DECEMBER 2020
࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓ
ʘ
ุᐶʮб
The board of directors (the "Board") of VSTECS Holdings Limited (the "Company") is pleased to present the consolidated results of the Company and its subsidiaries (collectively the "Group") and selected explanatory notes for the year ended 31 December 2020 as follows:
ਃ˻Գ؏છٰϞࠢʮ̡€˜͉ʮ̡™ԫึ €˜ԫึ™್ؚя͉ʮ̡ʿՉڝ᙮ʮ̡€୕ ၈˜͉ණྠ™࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚ ˟ϋܓʘၝΥุᐶʿ፯֛Ⴍڝൗνɨj
Consolidated Statement of Profit or Loss ၝΥฦूڌ
For the year ended 31 December 2020 ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓ
2020 | 2019 | |||
ɚཧɚཧϋ | ɚཧɓɘϋ | |||
HK$'000 | HK$'000 | |||
ɷಥʩ | ɷಥʩ | |||
Revenue | ϗू | 3 | 69,961,881 | 66,209,921 |
Cost of sales | ቖਯϓ͉ | (66,834,568) | (63,242,067) | |
Gross profit | ˣл | 3,127,313 | 2,967,854 | |
Other gains, net | Չ˼ϗɝଋᕘ | 36,025 | 35,809 | |
Selling and distribution expenses | ቖਯʿʱቖක˕ | (1,143,202) | (1,125,057) | |
Administrative expenses | Б݁ක˕ | (599,782) | (618,394) | |
Operating profit | ᐄ๐л | 1,420,354 | 1,260,212 | |
Finance costs | ৌਕ൬͜ | (193,908) | (295,616) | |
1,226,446 | 964,596 | |||
Share of associates' profits | ʱЦᑌᐄʮ̡๐л | 23,685 | 50,106 | |
Share of a joint venture's loss | ʱЦΥᐄΆุᑦฦ | (2,866) | (5,195) | |
Profit before taxation | ৰۃ๐л | 1,247,265 | 1,009,507 | |
Taxation | ධ | 4 | (179,685) | (199,559) |
Profit for the year | ϋʫ๐л | 1,067,580 | 809,948 | |
Attributable to: | ˸ɨɛɻᏐЦj | |||
Equity shareholders of the Company | ͉ʮ̡ᛆूܵϞɛ | 1,067,580 | 809,948 | |
Earnings per share (HK cents per share) | ӊٰޮл€ӊٰಥ̀ | |||
- Basic | Ñਿ͉ | 6 | 75.54 cents ಥ̀ | 57.03 cents ಥ̀ |
- Diluted | Ñᛅᑛ | 6 | 75.45 cents ಥ̀ | 56.96 cents ಥ̀ |
Dividends attributable to equity shareholders | ᛆूܵϞɛᏐЦٰࢹ | |||
Final dividend proposed | Ꮭݼ͋ಂٰࢹ | 5 | 320,100 | 243,000 |
- 2 - |
Notes ڝൗ
Consolidated Statement of Other Comprehensive Income ၝΥՉ˼Όࠦϗɝڌ
For the year ended 31 December 2020 ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓ
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
HK$'000 | HK$'000 | ||
ɷಥʩ | ɷಥʩ | ||
Profit for the year | ϋʫ๐л | 1,067,580 | 809,948 |
Other comprehensive income for the year, net of tax: | ϋʫՉ˼Όࠦϗɝ dৰj | ||
Exchange differences | ිгࢨᕘ | 368,318 | 50,067 |
Total comprehensive income for the year | ϋʫΌࠦϗɝᐼᕘ | 1,435,898 | 860,015 |
Attributable to: | ˸ɨɛɻᏐЦj | ||
Equity shareholders of the Company | ͉ʮ̡ᛆूܵϞɛ | 1,435,898 | 860,015 |
- 3 - |
Consolidated Statement of Financial Position ၝΥৌਕًرڌ
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
HK$'000 | HK$'000 | ||
ɷಥʩ | ɷಥʩ | ||
ASSETS | ༟ପ | ||
Non-current assets | ڢݴਗ༟ପ | ||
Property, plant and equipment | يุ eᅀגʿண௪ | 682,142 | 649,871 |
Intangible assets | ೌҖ༟ପ | 359,386 | 324,099 |
Interests in associates | ᑌᐄʮ̡ٙᛆू | 953,407 | 940,404 |
Interest in a joint venture | ΥᐄΆุٙᛆू | 29,250 | 30,396 |
Deferred expenses | ַක˕ | 346 | 886 |
Deferred tax assets | ַධ༟ପ | 174,527 | 123,078 |
2,199,058 | 2,068,734 | ||
Current assets | ݴਗ༟ପ | ||
Trade and other receivables | ൱ʿՉ˼Ꮠϗಛධ | 18,165,493 | 14,553,880 |
Inventories | π | 5,501,828 | 5,985,753 |
Cash and cash equivalents | ତږʿତږഃᄆي | 3,559,192 | 2,327,702 |
27,226,513 | 22,867,335 | ||
Total assets | ᐼ༟ପ | 29,425,571 | 24,936,069 |
EQUITY | ᛆू | ||
Share capital | ٰ͉ | 145,445 | 145,334 |
Reserves | Ꮇ௪ | 6,680,841 | 5,509,138 |
Total equity | ᐼᛆू | 6,826,286 | 5,654,472 |
Consolidated Statement of Financial Position (Continued) ၝΥৌਕًرڌ€ᚃ
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
HK$'000 | HK$'000 | ||
ɷಥʩ | ɷಥʩ | ||
LIABILITIES | ࠋව | ||
Non-current liabilities | ڢݴਗࠋව | ||
Contract liabilities | Υߒࠋව | 481 | 1,193 |
Lease liabilities | ॡ༣ࠋව | 165,940 | 168,072 |
Borrowings | ࠾൲ | - | 1,487,827 |
Deferred tax liabilities | ַධࠋව | 40,245 | 19,190 |
206,666 | 1,676,282 | ||
Current liabilities | ݴਗࠋව | ||
Trade and other payables | ൱ʿՉ˼Ꮠ˹ಛධ | 14,699,750 | 10,346,223 |
Contract liabilities | Υߒࠋව | 711,462 | 544,700 |
Lease liabilities | ॡ༣ࠋව | 95,799 | 90,131 |
Borrowings | ࠾൲ | 6,750,812 | 6,529,285 |
Taxation payable | Ꮠ˹ධ | 134,796 | 94,976 |
22,392,619 | |||
Total liabilities | ᐼࠋව | 22,599,285 | |
Total equity and liabilities | ᛆूʿࠋවᐼᕘ | 29,425,571 | |
Net current assets | ݴਗ༟ପଋ࠽ | 4,833,894 | |
Total assets less current liabilities | ᐼ༟ପಯݴਗࠋව | 7,032,952 | |
- 5 - |
17,605,315
19,281,597
24,936,069
5,262,020
7,330,754
1. General Information | 1. | ɓছ༟ࣘ |
VSTECS Holdings Limited (the "Company") and its subsidiaries (together | ਃ˻Գ؏છٰϞࠢʮ̡€˜͉ʮ̡™ʿՉ | |
the "Group") are principally engaged in the provision of Information | ڝ᙮ʮ̡€୕၈˜͉ණྠ™ʘ˴ࠅุਕމ | |
Technology ("IT") products, provision of enterprise system tools for | Զ༟ৃ߅ҦପۜeԶ͜༟ৃ߅Ҧ | |
IT infrastructure and IT infrastructure design and implementation, | ਿᓾண݄ʘΆุӻ୕ʈՈʿ༟ৃ߅Ҧਿ | |
training, maintenance and support services, as well as the provision | ᓾண݄ணࠇʿੂБeeၪࡌʿ˕౪ | |
of network security hardware and software required for big data and | ਕ˸ʿԶɽᅰኽʿථࠇၑהცʘၣ | |
cloud computing. | ഖτΌʿழ f | |
The Company is a limited liability company incorporated in the Cayman | ͉ʮ̡މίකਟ໊ࢥൗ̅ϓͭʘϞࠢʮ | |
Islands. Its principal place of business is at Unit 3312, 33rd Floor, | ̡fՉ˴ࠅᐄุήᓃЗ࠰ಥʍፕ༸ʕ | |
China Merchants Tower, Shun Tak Centre, 200 Connaught Road | 200 ڦᅃʕːםਠ҅ɽข 33 ᅽ 3312 | |
Central, Hong Kong. | ܃f | |
The Company's shares are listed on The Main Board of The Stock | ͉ʮٰ̡΅࠰ಥᑌΥʹהϞࠢʮ̡ | |
Exchange of Hong Kong Limited (the "Stock Exchange"). | €˜ᑌʹה™˴ؐɪ̹f | |
The consolidated results set out in this announcement are presented | ৰڢ̤ϞႭdщۆ͉ʮбה༱ၝΥุ | |
in thousands of Hong Kong dollars (HK$'000), unless otherwise stated. | ᐶ˸ɷಥʩމఊЗяΐfุ͉ᐶʮбʊ | |
The consolidated results announcement has been approved for issue | ɚཧɚɓϋɧ˜ɚɤʞ˚ᐏԫึҭ | |
by the Board of Directors on 25 March 2021. | ࡘ̊೯ f |
2. Basis of Preparation | 2. | ᇜႡਿ |
The consolidated results set out in this announcement do not constitute | ͉ʮбה༱ʘၝΥุᐶԨʔϓ͉ණྠ | |
the consolidated financial statements of the Group for the year ended | ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓ | |
31 December 2020 but are extracted from those consolidated financial | ʘၝΥৌਕజڌdઓІɚཧɚɓ | |
statements approved for issue by the Board on 25 March 2021. | ϋɧ˜ɚɤʞ˚ᐏԫึҭࡘ̊೯ʘၝ | |
Υৌਕజڌf | ||
The consolidated financial statements have been prepared in | ͉ၝΥৌਕజڌɗ࣬ኽהϞቇ͜࠰ಥৌ | |
accordance with all applicable Hong Kong Financial Reporting | ਕజѓۆ€Ϥ୕၈ܼ̍࠰ಥึࠇࢪʮ | |
Standards ("HKFRSs"), which collective term includes all applicable | ึбʘהϞࡈйቇ͜ʘ࠰ಥৌਕజѓ | |
individual Hong Kong Financial Reporting Standards, Hong Kong | ۆe࠰ಥึࠇۆʿ༕ᙑe࠰ಥʮ | |
Accounting Standards ("HKASs") and Interpretations issued by the | Ⴉึࠇࡡۆʿ࠰ಥʮ̡ૢԷʘמᚣ֛ | |
Hong Kong Institute of Certified Public Accountants ("HKICPA"), | ᇜႡf͉ৌਕజڌ͵ୌΥᑌʹהᗇՎɪ | |
accounting principles generally accepted in Hong Kong and the | ឈۆʘቇ͜מᚣ֛ f | |
disclosure requirements of the Hong Kong Companies Ordinance. | ||
These financial statements also comply with the applicable disclosure | ||
provisions of the Rules Governing the Listing of Securities on the | ||
Stock Exchange. | ||
The HKICPA has issued certain amendments to HKFRSs that are | ࠰ಥึࠇࢪʮึʊб߰ʍ࠰ಥৌਕజ | |
first effective or available for early adoption for the current accounting | ѓۆࡌࠈ͉dԨ͉ණྠۃึࠇ | |
period of the Group. None of these developments have had a material | ಂගϣ͛ࣖא̙ԶϘમॶf฿ೌᜊ | |
effect on how the Group's results and financial position for the current | ਗ࿁͉ණྠ͉ಂගאཀֻಂගʘุᐶ | |
or prior periods have been prepared or presented. The Group has not | ʿৌਕًرʘᇜႡאяΐ˙όϞࠠɽᅂ | |
applied any new standard or interpretation that is not yet effective for | ᚤf͉ණྠԨೌᏐ͉֠͊͜ึࠇಂග | |
the current accounting period. | ͛ࣖʘОอࠈۆא༕ᙑ f | |
3. Revenue and Segment Information | 3. | ϗूʿʱ༟ࣘ |
Segment information has been prepared in a manner consistent | ʱ༟ࣘɗܲၾ͉ණྠʘ௰৷ᄴБ݁ | |
with the information used by the Group's most senior executive | ၍ଣɛࡰఱ൙Пʱڌତʿʱගʱ | |
management for the purposes of assessing segment performance | ৣ༟๕ה͜༟ࣘɓߧʘ˙όᇜႡf͉ණ | |
and allocating resources between segments. The Group's most senior | ྠʘ௰৷ᄴБ݁၍ଣɛࡰމԫึf | |
executive management has been identified as the Board. In this | ఱϤϾԊd͉ණྠʘ৷ᄴБ݁၍ଣɛ | |
regard, the Group's senior executive management monitors the results | ࡰܲ˸ɨਿ္࿀̙జѓʱᏐЦʘ | |
attributable to each reportable segment on the following bases: | ุᐶj | |
Revenue and expenses are allocated to the reportable segments with | ϗूʿක˕ਞ̙జѓʱପ͛ʘቖਯ | |
reference to sales generated by those segments and the expenses | ᕘʿ༈ഃʱପ͛ʘක˕ʱৣЇ༈ഃʱ | |
incurred by those segments. | f | |
The measure used for reporting segment profit is segment results, | జѓʱ๐лה͜ʘࠇඎ˙جމʱุ | |
including items specifically attributed to individual segments, such as | ᐶdܼ̍ࡈйʱतйᏐЦʘධͦdԷ | |
directors' and auditors' remuneration and other administration costs | νԫᑚཇeࣨᅰࢪཇږʿՉ˼ʱʫ | |
within the segment. | Б݁൬͜ f | |
During the year ended 31 December 2020, the Group changed the | ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋ | |
segment reporting to the executive directors which resulted in a | ܓd͉ණྠһҷΣੂБԫהЪజѓʘ | |
change to the composition of its reportable segments. Comparative | ʱdኬߧ̙జѓʱഐҷᜊf͉ڝ | |
figures for the operating segment information disclosed in this note | ൗהמᚣᐄʱ༟ࣘʕʘˢ༰ᅰοʊ | |
have been restated to conform to current period's presentation. | ࠠΐ d˸ୌΥ͉ಂගʘяΐ˙ό f | |
Information regarding the Group's reportable segments for the purposes | ϋʫ͉ණྠఱ༟๕ʱৣʿʱڌତ൙П | |
of resource allocation and assessment of segment performance for | ה͜ʘ̙జѓʱ༟ࣘ༱ɨ˖ f | |
the year is set out below. |
(a)
(a) | ุਕʱ |
Business segments | |
The business segments of the Group are the following: | ͉ණྠʘุਕʱνɨj |
Segments | Principal activities |
ʱ | ˴ࠅุਕ |
Consumer electronics | Provision of finished IT products (including but not limited to computer, mobile phone, |
drone, smart sports watch, 3D printer, game console, etc.). | |
ऊ൬ཥɿ | Զ༟ৃ߅Ҧପۜዚ€ܼ̍Шʔࠢཥ໘ e˓ዚ eೌɛ࠭ዚ e౽ঐ༶ਗ˓፶ e3D͂Ι |
ዚ e༷Ꮥዚഃf | |
Enterprise systems | Provision of enterprise system tools (middleware, operating systems, Unix/NT servers, |
databases and storage) for IT infrastructure and IT infrastructure design and | |
implementation, training, maintenance and support services. | |
Άุӻ୕ | Զ͜༟ৃ߅Ҧਿᓾண݄ʘΆุӻ୕ʈՈ€ʕග eЪӻ୕ eUnix/NTਕኜ eᅰኽ |
ࢫʿᎷπʿ༟ৃ߅Ҧਿᓾண݄ணࠇʿੂБ e eၪࡌʿ˕౪ਕ f | |
Cloud computing | Provision of cloud computing solutions and services. |
ථࠇၑ | Զථࠇၑ༆Ӕ˙ࣩձਕ f |
- 9 - |
(a) Business segments (continued)
The segment results for the year ended 31 December 2020
are as follows:
(a) ุਕʱ€ᚃ
࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚
˟ϋܓʘʱุᐶνɨj
Consumer electronics ऊ൬ཥɿ HK$'000 ɷಥʩ
Total segment revenue
Segment results Finance costsShare of associates' profits Share of a joint venture's loss
Profit before taxation Taxation
Profit for the year
ʱЦᑌᐄʮ̡๐л ʱЦΥᐄΆุᑦฦ ৰۃ๐л ධ
ϋʫ๐л 1,067,580
ʱϗूᐼᕘ
ʱุᐶ
ʱุᐶ ৌਕ൬͜
Reportable segment assets
27,364,638
450,597
Enterprise systems Άุӻ୕ HK$'000 ɷಥʩ
40,914,823
898,147
̙జѓʱ༟ପ
̙జѓʱ༟ପ
Cloud computing ථࠇၑ HK$'000 ɷಥʩ
Total ᐼᕘ HK$'000 ɷಥʩ
1,682,420 69,961,881
71,610 1,420,354
(193,908)
1,226,446
23,685
(2,866)
1,247,265 (179,685)
7,634,400
11,505,781
486,770 19,626,951
The restated segment results for the year ended 31 December 2019 are as follows:
࿚Їɚཧɓɘϋɤɚ˜ɧɤɓ˚ ˟ϋܓʊࠠΐʘʱุᐶνɨj
Consumer electronics ऊ൬ཥɿ
HK$'000 ɷಥʩ
Enterprise systems
Άุӻ୕
HK$'000 ɷಥʩ
Total segment revenue
Segment results Finance costsShare of associates' profits Share of a joint venture's loss
Profit before taxation Taxation
Profit for the year
Reportable segment assets
ʱϗूᐼᕘ
ʱุᐶ
ʱุᐶ ৌਕ൬͜
ʱЦᑌᐄʮ̡๐л ʱЦΥᐄΆุᑦฦ ৰۃ๐л ධ ϋʫ๐л
̙జѓʱ༟ପ
̙జѓʱ༟ପ
29,424,605
35,585,029
419,831
794,025
9,245,220
Cloud computing ථࠇၑ
Total ᐼᕘ
HK$'000 ɷಥʩ
HK$'000 ɷಥʩ
1,200,287 66,209,921
46,356 1,260,212
(295,616)
964,596
50,106
(5,195)
1,009,507
(199,559)
809,948
10,121,288
360,468
19,726,976
Note:
ڝൗj
The Group's revenue for the year ended 31 December 2019 and 2020 | ͉ණྠ࿚Їɚཧɓɘϋʿɚཧɚཧϋ |
are recognised in accordance with HKFRS 15 and are substantially | ɤɚ˜ɧɤɓ˚˟ϋܓٙϗू࣬ኽ࠰ |
from sale of goods. | ಥৌਕజѓۆୋ 15 ᆽႩdԨ˴ࠅ |
ԸІۜቖਯ f |
(b) Reconciliations of reportable segment profit or loss
and assets
Profit
Reconciliation of segment profit to the profit for the year in the consolidated statement of profit or loss is not presented as the segment profit is the same as the profit for the year presented in the consolidated statement of profit or loss.
(b) ̙జѓʱฦूʿ༟ପٙ ࿁ሪ
๐л
͟ʱ๐лၾၝΥฦूڌהя
ΐʘϋʫ๐лΝ d݂Ԩೌяΐ
ʱ๐лၾၝΥฦूڌʫʘϋʫ
๐лٙ࿁ሪ f
Assets
༟ପ
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
HK$'000 | HK$'000 | ||
ɷಥʩ | ɷಥʩ | ||
Reportable segment assets | ̙జѓʱ༟ପ | 19,626,951 | 19,726,976 |
Intangible assets | ೌҖ༟ପ | 359,386 | 324,099 |
Interests in associates | ᑌᐄʮ̡ٙᛆू | 953,407 | 940,404 |
Interest in a joint venture | ΥᐄΆุٙᛆू | 29,250 | 30,396 |
Deferred tax assets | ַධ༟ପ | 174,527 | 123,078 |
Other receivables and prepayments | Չ˼Ꮠϗಛධʿཫ˹ಛධ | 4,722,858 | 1,463,414 |
Cash and cash equivalents | ତږʿତږഃᄆي | 3,559,192 | 2,327,702 |
Consolidated total assets | ၝΥᐼ༟ପ | 29,425,571 | 24,936,069 |
- 11 - |
(c) Geographical information
The Group's three business segments operate principally in
North Asia and South East Asia.
(c) ήਜ༟ࣘ
͉ණྠɧࡈุਕʱ˴ࠅ̏ԭ
ʿ؇یԭᐄ f
2020 ɚཧɚཧϋ
HK$'000 ɷಥʩ
Revenue North Asia South East Asia
ϗू
̏ԭ 55,354,208 52,050,128
؇یԭ
Total segment revenue
ʱϗूᐼᕘ
14,607,673 14,159,793
2019 ɚཧɓɘϋ
HK$'000 ɷಥʩ
69,961,881 66,209,921
Revenue is allocated based on the region in which the customer is located.
ϗू࣬ኽ܄˒הίήਜʱৣ f
2020 ɚཧɚཧϋ
HK$'000 ɷಥʩ
2019 ɚཧɓɘϋ
HK$'000 ɷಥʩ
Assets North Asia South East Asia
༟ପ ̏ԭ 16,189,631 15,777,579
؇یԭ
Reportable segment assets
̙జѓʱ༟ପ
3,437,320 3,949,397 19,626,951 19,726,976
Reportable segment assets are allocated based on where the assets are located.
̙జѓʱ༟ପ࣬ኽ༟ପהίήʱৣ f
4. Taxation | 4. ධ |
The amount of taxation charged to the consolidated statement of | ၝΥฦूڌϔৰʘධږᕘܸj |
profit or loss represents: | |
2020 |
2019
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
HK$'000 | HK$'000 | ||
ɷಥʩ | ɷಥʩ | ||
Current taxation | ͉ಂධ | ||
- Hong Kong Profits Tax | Ñ࠰ಥл | 7,396 | 8,392 |
- Taxation outside Hong Kong | Ñ࠰ಥྤ̮ධ | 196,104 | 219,119 |
Under/(over)-provision of taxation outside | ཀֻϋܓ࠰ಥྤ̮ධ | ||
Hong Kong in prior years | ᅡ௪ʔԑŊ€൴ᕘᅡ௪ | 534 | (1,458) |
Deferred taxation | ַධ | (24,349) | (26,494) |
179,685 | 199,559 |
The provision for Hong Kong Profits Tax is calculated at 16.5% (2019: | ࠰ಥлܲ࿚Їɚཧɚཧϋɤɚ˜ɧ |
16.5%) of the estimated assessable profits for the year ended 31 | ɤɓ˚˟ϋܓʘПࠇᏐሙ๐л˸ଟ |
December 2020. | 16.5% €ɚཧɓɘϋj 16.5%ࠇ ᅡ ௪ f |
Taxation outside Hong Kong has been calculated based on the | ࠰ಥ˸̮ධܲϋʫПࠇᏐሙ๐л˸ |
estimated assessable profit for the year at rates of taxation prevailing | ͉ණྠɨྼᐄהί̡جᛆਜࣛ |
in the jurisdictions in which the entities comprising the Group operate. | ʘଟࠇၑ f |
A withholding tax of 5% is levied on Hong Kong companies in respect | ࠰ಥʮ̡ఱЗʕʘ̮༟Άุɚཧ |
of dividend distributions arising from profits of foreign investment | ཧɞϋɓ˜ɓ˚ܝᒃ՟ʘ๐лהପ͛ʘ |
enterprises in the PRC earned after 1 January 2008. | ٰࢹʱݼᖮॶ5%ʘཫ f |
5. Dividends
5. ٰࢹ
(i)Dividends payable to equity shareholders of the Company attributable to the year
(i)
ϋʫᏐЦʘᏐ˹͉ʮ̡ᛆ ूܵϞɛٰࢹ
2020 ɚཧɚཧϋ
HK$'000 ɷಥʩ
Final dividend proposed after the end of the reporting period of approximately HK22 cents (2019: approximately HK16.7 cents) per ordinary share
జѓಂ͋ܝᏝݼ͋ಂٰ ࢹӊٰ౷ஷٰߒ22ಥ̀ €ɚཧɓɘϋjߒ 16.7 ಥ̀
2019 ɚཧɓɘϋ
HK$'000 ɷಥʩ
320,100
243,000
The final dividend proposed after the end of the reporting period | జѓಂ͋ܝᏝݼ͋ಂٰࢹԨೌ | |
has not been recognised as a liability at the end of the reporting | జѓಂ͋ᆽႩމࠋව f | |
period. | ||
(ii) | Dividends payable to equity shareholders of the | (ii) ɪɓৌ݁ϋܓᏐЦԨϋ |
Company attributable to the previous financial year, | ʫҭࡘʿݼ˹ʘᏐ˹͉ʮ | |
approved and paid during the year | ̡ᛆूܵϞɛٰࢹ |
2020 ɚཧɚཧϋ
HK$'000 ɷಥʩ
Final dividend in respect of the previous financial year, approved and paid during the year of HK16.7 cents (2019: HK15.2 cents) per ordinary share
ఱɪɓৌ݁ϋܓϋʫҭ ࡘʿݼ˹ʘ͋ಂٰࢹӊ ٰ౷ஷٰ 16.7 ಥ̀€ɚ ཧɓɘϋj15.2ಥ̀
2019 ɚཧɓɘϋ
HK$'000 ɷಥʩ
242,413
220,908
6. Earnings Per Share | 6. | ӊٰޮл |
Basic | ਿ͉ | |
The calculation of basic earnings per share for the year is based | ϋʫӊٰਿ͉ޮл͉ܲʮ̡ᛆूܵϞɛ | |
on the profit attributable to equity shareholders of the Company | ᏐЦ๐л 1,067,580,000 ಥʩ€ɚཧɓɘ | |
of HK$1,067,580,000 (2019: HK$809,948,000) and the weighted | ϋj809,948,000 ಥʩʿʊ೯Бٰ΅ | |
average of 1,413,246,000 shares (2019: 1,420,312,000 shares) in | ʘ̋ᛆ̻ѩᅰ 1,413,246,000 ٰ€ɚཧ | |
issue. | ɓɘϋj1,420,312,000ٰࠇၑ f |
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
Issued ordinary shares as at 1 January | ɓ˜ɓ˚ʘʊ೯Б౷ஷٰ | ||
(thousands) | €ɷٰ | 1,453,342 | 1,457,864 |
Exercise of share options (thousands) | БԴᒅٰᛆ€ɷٰ | 336 | 1,353 |
Repurchase of own shares (thousands) | ᒅΫ͉Ԓٰ΅€ɷٰ | (1,356) | (5,805) |
Effect of deferred shares (thousands) | ַٰ΅ʘᅂᚤ€ɷٰ | (39,076) | (33,100) |
Weighted average number of ordinary shares as | ɤɚ˜ɧɤɓ˚ʘ౷ஷٰ | ||
at 31 December (thousands) | ̋ᛆ̻ѩᅰ€ɷٰ | 1,413,246 | 1,420,312 |
Basic earnings per share (HK cents per share) | ӊٰਿ͉ޮл€ӊٰಥ̀ | 75.54 | 57.03 |
Diluted | ᛅᑛ |
ϋʫӊٰᛅᑛޮл͉ܲʮ̡ᛆूܵϞɛ ᏐЦ๐л 1,067,580,000 ಥʩ€ɚཧɓɘ ϋj809,948,000 ಥʩʿٰ΅ʘ̋ᛆ ̻ѩᅰ 1,414,887,000 ٰ€ɚཧɓɘϋj 1,422,029,000ٰࠇၑνɨj
The calculation of diluted earnings per share for the year is based on the profit attributable to equity shareholders of the Company of HK$1,067,580,000 (2019: HK$809,948,000) and the weighted average number of shares of 1,414,887,000 (2019: 1,422,029,000 shares), calculated as follows:
2020 | 2019 | ||
ɚཧɚཧϋ | ɚཧɓɘϋ | ||
Weighted average number of ordinary shares | ɤɚ˜ɧɤɓ˚೯Б౷ஷٰ | ||
as at 31 December (thousands) | ̋ᛆ̻ѩᅰ€ɷٰ | 1,413,246 | 1,420,312 |
Adjustment for assumed conversion of share | ணᒅٰᛆᐏᔷ౬ʘሜ | ||
options (thousands) | €ɷٰ | 1,641 | 1,717 |
Weighted average number of ordinary shares | ɤɚ˜ɧɤɓ˚ᛅᑛʘ౷ஷ | ||
(diluted) as at 31 December (thousands) | ٰ̋ᛆ̻ѩᅰ€ɷٰ | 1,414,887 | 1,422,029 |
Diluted earnings per share (HK cents per share) | ӊٰᛅᑛޮл€ӊٰಥ̀ | 75.45 | 56.96 |
- 15 - |
7. Trade Receivables | 7. | ൱Ꮠϗಛධ |
The ageing analysis of net trade receivables by invoice date is as | ൱Ꮠϗಛධଋᕘܲ೯ୃ˚ಂྌʱʘሪ | |
follows: | ᙧʱؓνɨj |
0 - 30 days | 0Ї30˚ |
31 - 60 days | 31Ї60˚ |
61 - 90 days | 61Ї90˚ |
Over 90 days | ൴ཀ90˚ |
8. Trade Payables |
2020 | 2019 |
ɚཧɚཧϋ | ɚཧɓɘϋ |
HK$'000 | HK$'000 |
ɷಥʩ | ɷಥʩ |
7,246,323 | 6,988,715 |
2,674,959 | 3,378,225 |
872,392 | 856,279 |
2,413,733 | 1,495,436 |
13,207,407 | 12,718,655 |
8. | ൱Ꮠ˹ಛධ |
The ageing analysis of trade payables by invoice date is as follows:
൱Ꮠ˹ಛධܲ೯ୃ˚ಂྌʱʘሪᙧʱ ؓνɨj
2020 ɚཧɚཧϋ
HK$'000 ɷಥʩ
0 - 60 days Over 60 days
0Ї60˚ ൴ཀ60˚
2019 ɚཧɓɘϋ
HK$'000 ɷಥʩ
10,479,822 315,179 10,795,001
9,508,708 118,122 9,626,830
Management Discussion and Analysis ၍ଣᄴীሞʿʱؓ
Business Review
ุਕΫᚥ
The Group has recorded another record high in revenue. The Group's revenue for the year ended 31 December 2020 was HK$69,961,881,000 (2019: HK$66,209,921,000). Gross profit for the year ended 31 December 2020 amounted to HK$3,127,313,000 (2019: HK$2,967,854,000). Operating profit for the year ended 31 December 2020 amounted to HK$1,420,354,000 (2019: HK$1,260,212,000). Net profit for the year ended 31 December 2020 amounted to HK$1,067,580,000 (2019: HK$809,948,000). Basic earnings per share for the year ended 31 December 2020 was HK75.54 cents (2019: HK57.03 cents) per share.
͉ණྠٙϗूΎ௴ዝ̦อ৷f͉ණྠ ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓٙ ϗूމ 69,961,881,000 ಥʩ€ɚཧɓɘϋj 66,209,921,000 ಥʩf࿚Їɚཧɚཧϋɤ ɚ˜ɧɤɓ˚˟ϋܓٙˣлމ 3,127,313,000 ಥʩ€ɚཧɓɘϋj 2,967,854,000 ಥʩf ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓٙ ᐄ๐лމ 1,420,354,000 ಥʩ€ɚཧɓɘϋj 1,260,212,000 ಥʩf࿚Їɚཧɚཧϋɤɚ ˜ɧɤɓ˚˟ϋܓٙॱлމ1,067,580,000ಥʩ €ɚཧɓɘϋj809,948,000 ಥʩf࿚Їɚཧ ɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓٙӊٰਿ͉ޮл މӊٰ75.54ಥ ̀€ ɚ ཧ ɓ ɘ ϋ j57.03ಥ ̀ f
During the year, revenue from the enterprise systems segment increased by 15% to HK$40,914,823,000, contributing 58.5% of the total Group revenue. Revenue from the consumer electronics segment decreased by 7% to HK$27,364,638,000, contributing 39.1% of the total Group revenue. Revenue from the cloud computing segment increased by 40% to HK$1,682,420,000 contributing 2.4% of the total Group revenue.
ϋʫdԸІΆุӻ୕ʱٙϗूᄣ̋ 15% Ї 40,914,823,000 ಥʩdЦ͉ණྠᐼϗू 58.5% fԸІऊ൬ཥɿʱٙϗूಯˇ 7% Ї 27,364,638,000 ಥʩdЦ͉ණྠᐼϗू 39.1% fԸІථࠇၑʱٙϗूᄣ̋ 40% Ї 1,682,420,000 ಥʩdЦ͉ණྠᐼϗू 2.4% f
Geographically, both North Asia and South East Asia performed well in the year ended 31 December 2020. During the year, revenue generated in North Asia increased by 6% to HK$55,354,208,000, contributing 79% of the total Group revenue. Revenue from South East Asia increased by 3% to HK$14,607,673,000, contributing 21% of the total Group revenue. The Group has continuously aimed to widen our product range in order to provide more choices to our customers. Our extensive and diversified product lines now include HP, Apple, Seagate, AMD, Western Digital, Lenovo, Dell, IBM, Acer, Microsoft, Oracle, Cisco, Asus and many more.
ఱήਹϾԊd̏ԭʿ؇یԭ࿚Їɚཧɚཧ ϋɤɚ˜ɧɤɓ˚˟ϋܓڌତԄλfϋʫd ԸІ̏ԭٙϗूᄣ̋ 6% Ї 55,354,208,000ಥ ʩdЦ͉ණྠᐼϗू79% fԸІ؇یԭٙϗ ूᄣ̋ 3% Ї 14,607,673,000 ಥʩdЦ͉ණ ྠᐼϗू 21% f͉ණྠɓٜߧɢןᄱପۜӻ ΐdਕӋމ܄˒Զһε፯fҢࡁٙᄿع ʿεʩʷପۜᇞତႊ౷eᘼ؈eҎઠe AMD eГᅰኽeᑌซeᏖဧe IBM e҃ 㛨 eฆழ e͠৶˖ eܠ߅ eശ၂ഃ f
Prospects
ۃ౻
Our extensive portfolio of products will enable us to continue to drive growth for the Group. We will continue to execute strategies to increase market shares as well as the range of products offered. This will enable the Group to continue to focus on growth in all business segments.
Ңࡁᕼɽٙପۜଡ଼Υ̙ԴҢࡁʔᓙપਗ͉ණ ྠٙᄣڗfҢࡁਗ਼ܵᚃੂБഄଫ˸ᄣ̹̋ఙ ЦϞଟʿהԶٙପۜ၇ᗳfவਗ਼Ϟп͉ණ ྠᘱᚃਖ਼ءהϞุਕʱٙ೯࢝ f
Our strategy remains to constantly redefine our value proposition as a trusted partner with strong relationships and deep understanding of our customers' needs. Strategically we will continue to expand in China and South East Asia. We will continue to work actively to improve internal operational and financial efficiencies to improve margins. We will also continue to expand our business into mobility devices and cloud computing.
Ңࡁ٢ܵɓഄଫdਗ਼Ңࡁٙᄆ࠽˴ੵࠠอ ່֛މ࠽ڦ፠ٙΥЪྫМdԨၾ܄˒ܔͭ ଉێᗫڷd˲ீ࿏ଣ༆܄˒ٙცӋfഄଫ ɪdҢࡁਗ਼ᘱᚃίʕʿ؇یԭᓒุ࢝ਕf Ңࡁਗ਼ʔᓙጐҷഛʫᐄ༶ʿৌਕࣖଟ˸ ʺ๐лଟfҢࡁ͵ึᘱᚃਗ਼ุਕן࢝Ї ਗༀໄʿථࠇၑ f
With our experienced and dedicated management team, we are confident that we will be able to continue to grow our business.
ኯᔟҢࡁ᜕ᔮబ˲။༐းபٙ၍ଣྠඟd Ңࡁଉڦุਕঐᘱᚃᄣڗ f
Liquidity and Financial Resources
ݴਗ༟ږʿৌਕ༟๕
As at 31 December 2020, the Group's cash and cash equivalents were approximately HK$3,559,192,000 (2019: approximately HK$2,327,702,000).
ɚཧɚཧϋɤɚ˜ɧɤɓ˚d͉ණྠʘତ ږʿତږഃᄆيߒމ3,559,192,000 ಥʩ€ɚ ཧɓɘϋjߒ2,327,702,000ಥʩf
As at 31 December 2020, the Group's borrowings amounted to approximately HK$6,750,812,000 (2019: approximately HK$8,017,112,000). The net debt to total asset ratio, calculated as borrowings less cash and cash equivalents divided by total assets, was 0.11 as at 31 December 2020 (2019: 0.23).
ɚཧɚཧϋɤɚ˜ɧɤɓ˚d͉ණྠʘ࠾ ൲ߒމ 6,750,812,000 ಥʩ€ɚཧɓɘϋjߒ 8,017,112,000 ಥʩfɚཧɚཧϋɤɚ˜ɧ ɤ ɓ ˚ d ଋ ව ਕ ᐼ ༟ ପ ˢ ଟ€ ˸ ࠾ ൲ ಯ ତ ږ ʿ ତږഃᄆيৰ˸ᐼ༟ପࠇၑމ0.11 €ɚཧɓ ɘϋj0.23 f
As at 31 December 2020, the Group recorded total current assets of approximately HK$27,226,513,000 (2019: approximately HK$22,867,335,000) and total current liabilities of approximately HK$22,392,619,000 (2019: approximately HK$17,605,315,000). The current ratio of the Group, calculated by dividing the total current assets by the total current liabilities, was approximately 1.22 times as at 31 December 2020 (2019: approximately 1.30 times).
ɚཧɚཧϋɤɚ˜ɧɤɓ˚d͉ණྠ ݴਗ༟ପᐼ࠽ߒ 27,226,513,000 ಥʩ€ɚཧ ɓɘϋjߒ 22,867,335,000 ಥʩʿݴਗࠋ වᐼᕘߒ 22,392,619,000 ಥʩ€ɚཧɓɘ ϋjߒ 17,605,315,000 ಥʩfɚཧɚཧ ϋ ɤ ɚ ˜ ɧ ɤ ɓ ˚ d ͉ ණ ྠ ʘ ݴ ਗ ˢ ଟ€ ˸ ݴ ਗ༟ପᐼ࠽ৰ˸ݴਗࠋවᐼᕘࠇၑߒމ1.22 ࠴€ɚཧɓɘϋjߒ1.30࠴ f
The Group recorded an increase in shareholders' funds from approximately HK$5,654,472,000 as at 31 December 2019 to approximately HK$6,826,286,000 as at 31 December 2020.
͉ණྠʘٰ؇༟ږ͟ɚཧɓɘϋɤɚ˜ɧɤ ɓ˚ʘߒ 5,654,472,000 ಥʩᄣЇɚཧɚཧ ϋɤɚ˜ɧɤɓ˚ʘߒ6,826,286,000 ಥʩf
Treasury Policies
ࢫਕ݁ഄ
The Group generally finances its operations with internally generated resources and banking facilities provided by banks in the PRC, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and the Philippines. The bank borrowings of the Group are predominantly subject to floating interest rates.
͉ණྠɓছ˸ʫପ͛ʘ༟๕˸ʿʕe࠰ ಥeอ̋սeइe৵ԸГԭeΙ̵ʿിܛ ႷვБהԶʘვБፄ༟މᐄ༶Զ༟ږf ͉ණྠʘვБ࠾൲˴ࠅ˸ओਗлଟࠇࢹ f
Cash and bank deposits of the Group are mainly denominated in United States dollars, Renminbi and Singapore dollars.
͉ණྠʘତږʿვБπಛ˴ࠅ˸ߕʩeɛ͏ ࿆ʿอ̋սʩࠇ࠽ f
Transactions of the Group are mainly denominated in Hong Kong dollars, United States dollars, Renminbi, Singapore dollars, Thailand baht and Indonesian rupiah.
Contingent Liabilities
͉ණྠʘʹ˴ࠅ˸ಥʩeߕʩeɛ͏࿆e อ̋սʩ eइიʿΙ̵ࠇ࠽ f
א್ࠋව
As at 31 December 2020, the Group did not have any contingent liabilities.
ɚཧɚཧϋɤɚ˜ɧɤɓ˚d͉ණྠԨೌ Оא್ࠋව f
Purchase, Sale or Redemption of Securities
ᒅ൯ ëਯאᛙΫᗇՎ
During the year ended 31 December 2020, the Company repurchased 1,770,000 ordinary shares of the Company on the Stock Exchange. The repurchased shares were cancelled. Details of the repurchase of shares by the Company are as follows:
࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓd ͉ʮ̡ᑌʹהᒅΫ1,770,000ٰ͉ʮ̡౷ஷ ٰfᒅΫʘٰ΅ʊൗቖfϞᗫ͉ʮ̡ᒅΫ ٰ΅ʘ༉ઋνɨj
No. of shares | Highest price per | Lowest price per | Aggregate price | |
Month of repurchase | repurchased | share (HK$) | share (HK$) | paid (HK$) |
ᒅΫʘ˜΅ | ᒅΫٰ΅ᅰͦ | ӊٰ௰৷ᄆ€ಥʩ | ӊٰ௰Эᄆ€ಥʩ | ʊ˹ᐼᄆࣸ€ಥʩ |
March 2020 | 1,488,000 | 3.30 | 3.30 | 4,910,400 |
ɚཧɚཧϋɧ˜ | ||||
April 2020 | 282,000 | 3.52 | 3.52 | 992,640 |
ɚཧɚཧϋ̬˜ | ||||
1,770,000 | 5,903,040 |
The Board believes that such repurchase of shares will lead to an enhancement of the net asset value of the Company and/or its earnings per share.
ԫึڦdϞᗫٰ΅ᒅΫਗ਼ึ৷͉ʮ̡ ٙ༟ପଋ࠽ʿŊאӊٰޮл f
Apart from the above, the Company also acquired, through some trust setup specifically for purpose of employment compensation, a total of 11,372,000 ordinary shares of the Company during the year ended 31 December 2020 from the open market at a total cash consideration of approximately HK$44,212,000. These shares would be used primarily for providing employment/executive compensation of the Group.
ৰɪࠑ٫̮d࿚Їɚཧɚཧϋɤɚ˜ɧ ɤɓ˚˟ϋܓd͉ʮ̡͵ீཀतйމ྇ Ꮅணͭʘڦৄʮක̹ఙɪϗᒅΥ 11,372,000ٰ͉ʮ̡౷ஷٰdତږ˾ᄆᐼᕘ ߒމ44,212,000ಥʩf༈ഃٰ΅ਗ਼˴ࠅ͜ Զ͉ණྠʘ྇ŊБ݁Ꮅ f
Save as disclosed above, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company's shares.
ৰɪ˖המᚣ٫̮d͉ʮ̡אՉОڝ᙮ʮ ̡฿ೌᒅ൯ ëਯאᛙΫ͉ʮ̡ʘОٰ΅ f
Corporate Governance Practices
Άุ၍ط੬
Throughout the year ended 31 December 2020, the Company has complied with the Corporate Governance Code as set out in Appendix 14 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") except for code provisions A.2.1 and A.6.7 as explained below.
࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋܓd ͉ʮ̡ɓٜ፭ςᑌʹהᗇՎɪ̹ۆ€˜ɪ̹ ۆ™ڝɤ̬ה༱ʘΆุ၍طςۆdઓɨ ˖הᙕࠑʘςۆૢ˖A.2.1ૢʿA.6.7ૢৰ̮ f
Code provision A.2.1 stipulates that the roles of Chairman and Chief Executive Officer ("CEO") should be separate and should not be performed by the same individual. The division of responsibilities between the Chairman and CEO should be clearly established and set out in writing. The current Chairman and CEO of the Company is Mr. Li Jialin. The Board believes that vesting the roles of both Chairman and CEO in the same person will not impair the balance of power and authority between the Directors and the management of the Company and considers that this structure will enable the Group to make and implement decisions promptly and effectively. The Directors will meet regularly to consider major matters affecting the operations of the Company.
ςۆૢ˖ A.2.1 ૢࠈd˴ࢩၾБ݁ᐼ ˜Б݁ᐼ™¡ٙԉЍᏐϞਜʱ dԨʔᏐ͟ ɓɛΝࣛࡒf˴ࢩၾБ݁ᐼʘගᔖபʘ ʱʈᏐูޢ֛Ԩ˸ࣣࠦΐ༱f͉ʮ̡ତࣛ ʘ˴ࢩࡒБ݁ᐼމҽԳ؍͛fԫึ ڦdਗ਼˴ࢩʿБ݁ᐼʘԉЍᓥ᙮Νɓɛʔ ึฦ͉ʮ̡ԫၾ၍ଣᄴʘගٙᛆɢʿᛆ ̻ࠢፅdԨႩމϤݖਗ਼̙ᜫ͉ණྠঐʿࣛ ʿϞࣖήՓࠈʿપБӔഄfԫਗ਼֛ಂᑘБ ึᙄ˸Ͻᅇᅂᚤ͉ʮ̡ᐄ༶ʘࠠɽԫ֝ f
Under the code provision A.6.7, independent non-executive directors and non-executive directors should attend general meetings and develop a balanced understanding of the views of shareholders. Mr. Li Jialin, Mr. Ong Wei Hiam, Mr. Hung Wai Man and Mr. Wang Xiaolong were unable to attend the annual general meeting of the Company held on 26 May 2020 due to other engagements. All other Directors attended the 2020 annual general meeting to answer questions and collect views of shareholders
࣬ኽςۆૢ˖A.6.7 ૢdዹͭڢੂБԫʿڢ ੂБԫᏐ̈ࢩٰ؇ɽึd࿁ٰ؇ٙจԈϞ ʮ͍ٙə༆fҽԳ؍͛eˮਃ᧰͛eݳ މ͏͛ʿˮወᎲ͛ΪՉ˼ࠠࠅʮਕϾ͊ ঐ̈ࢩ͉ʮ̡ɚཧɚཧϋʞ˜ɚɤʬ˚ᑘ Бʘٰ؇ϋɽึfהϞՉ˼ԫʊ̈ࢩɚ ཧɚཧϋܓٰ؇ϋɽึdΫᏐਪʿᛓ՟ ٰ؇ʘจԈ f
Model Code for Securities Transactions
ᗇՎʹʘᅺςۆ
The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Listing Rules (the "Model Code"). Specific enquiry has been made to all the Directors and the Directors have confirmed that they have complied with the Model Code throughout the year ended 31 December 2020.
͉ʮ̡ʊમॶɪ̹ۆڝɤה༱ʘɪ̹೯ БɛԫආБᗇՎʹٙᅺςۆ€˜ᅺς ۆ™f͉ʮ̡ʊΣΌԫЪ̈Ոݟ༔ ܝdϾԫʊᆽႩ־ഃ࿚Їɚཧɚཧϋɤ ɚ˜ɧɤɓ˚˟ϋܓɓٜ፭ςᅺςۆ f
Final Dividend
͋ಂٰࢹ
The Directors recommend the payment of a final dividend for the year ended 31 December 2020 of HK22.0 cents per ordinary share (2019: HK16.7 cents).
Audit Committee
ԫܔᙄఱ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚ ˟ϋܓݼ˹͋ಂٰࢹӊٰ౷ஷٰމ 22.0 ಥ̀ €ɚཧɓɘϋj16.7ಥ̀f
ᄲࣨ։ࡰึ
The consolidated results of the Group for the year ended 31 December 2020 have been reviewed by the Audit Committee who was of the opinion that the preparation of such results complied with the applicable accounting standards and requirements and that adequate disclosures have been made.
ᄲࣨ։ࡰึʊᄲቡ͉ණྠ࿚Їɚཧɚཧϋɤ ɚ˜ɧɤɓ˚˟ϋܓʘၝΥุᐶdϾᄲࣨ։ ࡰึႩމ༈ഃุᐶɗ፭ቇ͜ʘึࠇۆʿ ֛ᇜႡ dԨʊЪ̈̂ʱמᚣ f
The consolidated financial statements of the Group for the year ended 31 December 2020 have been audited by the Company's auditor, KPMG.
͉ණྠ࿚Їɚཧɚཧϋɤɚ˜ɧɤɓ˚˟ϋ ܓʘၝΥৌਕజڌʊ͉͟ʮ̡ࣨᅰࢪଭ৵۾ ึࠇࢪԫਕהᄲࣨ f
On behalf of the Board Li Jialin
Chairman and Chief Executive Officer
˾ڌԫึ ˴ࢩʿБ݁ᐼ ҽԳ؍
Hong Kong, 25 March 2021
࠰ಥ dɚཧɚɓϋɧ˜ɚɤʞ˚
As at the date of this announcement, the Board comprises Mr. Li Jialin, Mr. Ong Wei Hiam William, Mr. Li Yue and Mr. Chan Hoi Chau as executive directors; Mr. Xia Bin and Mr. Cheung Wing Lee Isaiah as non-executive directors; and Mr. Li Wei, Mr. Lam Hin Chi, Mr. Hung Wai Man and Mr. Wang Xiaolong as independent non-executive directors.
͉ʮб˚ಂdԫึ͟ੂБԫҽԳ؍ ͛eˮਃ᧰͛eҽٔ͛ʿऎݲ͛i ڢੂБԫࢀ㏇͛ʿੵ͑л͛i˸ʿዹ ͭڢੂБԫҽ⑸͛eᔝᜑሮ͛eݳމ ͏͛ʿˮወᎲ͛ଡ଼ϓ f
Attachments
- Original document
- Permalink
Disclaimer
VSTECS Holdings Limited published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 08:34:03 UTC.