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    DGAP-News  952  0 Kommentare Greater China Precision Components Ltd.: 2014 First Half Year Financial Results


    DGAP-News: Greater China Precision Components Ltd. / Key word(s): Half
    Year Results
    Greater China Precision Components Ltd.: 2014 First Half Year
    Financial Results

    09.09.2014 / 12:20

    ---------------------------------------------------------------------

    GCPC Greater China Precision Components Ltd.

    2014 First Half Year Financial Results:
    - Revenue RMB 374.4 Mio. (EUR 44.6 Mio.)

    - Net profit RMB 14.5 Mio. (EUR 1.73 Mio.)

    GCPC / 2014 First Half Year Financial Results

    SINGAPORE/HUIZHOU, 9 September, 2014: GCPC (ISIN SG9999005052 / WKN A0MZS3
    / Ticker 49G) publishes first half year report of 2014 and outlook for
    2014.

    GCPC achieved sales revenue of 374.4 Mio in 1H14(1H13: RMB 252.0 Mio). The
    increase was mainly attributed to the increase in orders from customers of
    both mobile handset and tablet casings segments.

    Gross profit and gross profit margin were RMB 68.7 Mio. (1H13: RMB 48.6
    Mio.) and 18.3% (1H13: 19.2%)respectively. The decrease in gross profit
    margin was mainly attributed to the increase in revenue from mobile handset
    segment which has lower profit margin.

    Net profit was RMB 14.5 Mio (1H13: RMB 8.3 Mio.). The increase in net
    profit was mainly due to higher revenue, even with lower gross profit
    margin and higher operating cost especially labor related expenses.

    GCPC recorded an interim EPS of RMB 0.56(1H13: RMB 0.32).

    Update of the acquisition of gold mine

    Pursuant to GCPC's previous announcement on 29 April 2014, the investment
    structure of the acquisition of Yuanfa Mining Co. Limited (YMCL) had been
    completed in May, 2014. Accordingly, the financial results of YMCL will be
    consolidated for the financial year ending FY2014.

    For the purpose of 1H14, there was no consolidation in accordance with
    International Financial Reporting Standards. However, the Board would like
    to update shareholders that the exploration of the mine is still on-going
    and the results of the progress will be updated once it is available via
    the company website(www.greater-cpc.com).

    Outlook

    GCPC expects increasing competition in the industry will continue to put
    pressure on the gross profit margin. In addition, the cessation of the
    previous practice of telecommunication service providers of giving
    subsidies to subscribers for their purchase of the mobile phone handsets,
    coupled with the market transition of the high-end products from plastic
    casings to metal casings will continue to pose challenges to the demand for
    our products.

    In view of the above industry changes, GCPC needs to explore product
    differentiation and re-alignment to remain competitive.
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    DGAP-News Greater China Precision Components Ltd.: 2014 First Half Year Financial Results DGAP-News: Greater China Precision Components Ltd. / Key word(s): Half Year Results Greater China Precision Components Ltd.: 2014 First Half Year Financial Results 09.09.2014 / 12:20 …