HONG KONG, July 12, 2015 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda" or the "Group") (Stock Code: 698) has announced the positive profit alert.
Based on the currently available preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2015 (the "Accounts"), the Group expects to record a notable increase in net profit attributable to owners of the Company by more than 75% for the six months ended 30 June 2015 when compared with the net profit recorded by the Group for the six months ended 30 June 2014.
Such increase was primarily attributable to increase of the turnover and gross profit margin and reduction in the operating leverage. During the six months ended 30 June 2015, major orders of the Group's handset business included metal casings of Mate 7, G7 and P8max of Huawei, as well as R7 of Oppo, precision plastic casings of Xiaomi 4, Redmi Note and Redmi 2 of Xiaomi, Le1 of LeTV, as well as Zenfone 2 of Asus.
About Tongda Group Holdings Limited
Tongda Group is the world's leading solutions provider of high-precision components used in smart mobile communication and consumer electronic products. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, under the Information Technology - IT Hardware category, and has been selected as a constituent stock in the Hang Seng Composite SmallCap Index, Hang Seng Broad Consumption Index, Hang Seng Global Composite Index and the MSCI Global Small Cap Indices - China Index. The Group garners the DHL/SCMP Hong Kong Business Awards 2015-Enterprise Award and has been selected to the Forbes Asia's 200 "Best Under A Billion" list in 2016. Mr. Wang Ya Nan, Chairman and CEO of the Group has been named the winner in the technology category of EY Entrepreneur of the Year China 2016.
Leveraging its leading In-Mold Lamination ("IML"), metal casing production and rubber parts business technology and first-tier customers in the PRC's robust consumer market, the Group has established a solid presence in the markets for handsets, electrical appliances and notebook computer casings and related products. The Group is dedicated to satisfying customers' needs through establishing global service networks in various regions, with strategically located production bases in Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in Shanghai and Taiwan.
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July 12, 2015 21:55 HKT/SGT
Source: Tongda Group Holdings Limited
Topic: Press release summary
Sectors: Daily Finance
From the Asia Corporate News Network
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