Same old thing every year

2013 Interim Report

Prospects

Products and business

During the first half of 2013, the sales orders for SMT production solutions applied to LED light bars for tablet computers and control boards for touch-panels kept surging. In the future, the above businesses, together with the business of SMT production solutions specialized for TFT-LCD products, will continue to be the main business of the Group. The Group’s new business in relation to the SMT production solutions for LED general lighting and white appliances has started to make contribution to the Group. The Group will keep developing new solutions for more advanced applications and other high-end electronic products in order to expand the source of income and enhance profitability.

Customers

The Group strives to become a leading EMS provider in the global TFT-LCD panel industry. In this regard, the Group intends to strengthen its relationships with leading TFT-LCD panel makers by continuously adopting co-location strategy. Furthermore, the Group will continue to maintain its focus on the global major players of TFT-LCD panel as well as touch-panel industry from China, Japan, Korea and Taiwan, the international brands of LED lighting equipment and white appliances manufacturers in the PRC, and will enlarge its customer base by exploring opportunity of business with other global manufacturers.

Production capacity

The Group will also expand its production capacity to cater for increasing demand from customers and to continuously invest in advanced production facilities to enhance production efficiency and quality. During the first half of 2013, the Group has kept enhancing the production facilities of the plants in Xiamen and Suzhou respectively to cope with the new orders for manufacturers of touch- panels and control panels of advanced tablet-computers. The total number of SMT production lines as at 30 June 2013 was 179. The Group expects that 5 to 10 production lines will be built in 2013 mainly in Suzhou, Chongqing and Xiamen plants to cope with the increasing orders from customers in those regions.

Industry

In the long run, thanks to the government policies to promote energy-saving in many countries, technology evolution, as well as the increasing desire for advanced and energy-saving devices in the consumer market, particularly the common application of touch-panel. With those surging demand, the TFT-LCD industry is expected to show healthy growth driven by growing market demand for new generation of TFT-LCD products. Furthermore, the demand from the consumer and industrial and commercial market for energy-saving devices and LED lighting equipment is accelerating. It is favourable for the Group to expand its new business in those markets.

The Group will capture this business opportunity by working closely with its major customers to strive for promising operating results and enhance shareholders’ value. The Group’s management is confident that its business will continue to grow in the foreseeable future and generate good returns to the Company’s shareholders.

 

2012 Annual Report

Prospects

Products and business During the year of 2012, the sales orders for SMT production solutions applied to LED light bars for tablet computers and control boards for touch-panels keep surging. In the future, the above businesses, together with the business of SMT production solutions specialized for TFT-LCD products, will continue to be the main business of the Group. Since last year, the Group’s new business in relation to the SMT production solutions for LED general lighting and white appliances has started to make contribution to the Group. The Group will keep developing new solutions for more advanced applications and other high-end electronic products in order to expand the source of income and enhance profitability.

Customers

The Group strives to become a leading EMS provider in the global TFT-LCD panel industry. In this regard, the Group intends to strengthen its relationships with leading TFT-LCD panel makers by continuously adopting co-location strategy. Furthermore, the Group will continue to maintain its focus on the global major players of TFT-LCD panel as well as touch-panel industry from China, Japan, Korea and Taiwan, the international brands of LED lighting equipment and white appliances manufacturers in the PRC, and will enlarge its customer base by exploring opportunity of business with other global manufacturers.

Production capacity

The Group will also expand its production capacity to cater for increasing demand from customers and to continuously invest in advanced production facilities to enhance production efficiency and quality. During the year of 2012, the Group has kept enhancing the production facilities of the plants in Xiamen and Suzhou respectively to cope with the new orders for manufacturers of touch-panels and control panels of advanced tablet-computers. Over the previous year, the Group has established 7 additional SMT production lines, making up 179 SMT production lines in total as at the end of 2012. The Group expects that 10 to 15 production lines will be built in 2013 mainly in Suzhou, Chongqing and Xiamen to cope with the increasing orders from customers in those regions. The Group will also consolidate the capacity of the factory that was running in low utilization rate in general in order to improve the overall utilization rate.

Industry

Moving forward, thanks to the government policies to promote energy-saving in many countries, technology evolution, as well as the increasing desire for advanced and energy-saving devices in the consumer market, particularly the common application of touch-panel. With those surging demand, the TFT-LCD industry is expected to show healthy growth driven by growing market demand for new generation of TFT-LCD products. Furthermore, the demand from the consumer and industrial and commercial market for energy-saving devices and LED lighting equipment is accelerating. It is favourable for the Group to expand its new business in those markets.

The Group will capture this business opportunity by working closely with its major customers to strive for promising operating results and enhance shareholders’ value. With the positive momentum continuing since the beginning of 2013, the Group’s management is confident that its business will continue to grow in the foreseeable future and generate good returns to the Company’s shareholders.

 

2011 Annual Report

Prospects

Products Thanks to the favourable government policy, technology evolution, as well as the increasing desire for advanced and energy-saving devices in the consumer market, the sales orders for SMT production solutions applied to the LED light bars for electronic products keep surging. During the year, the Group had further launched new SMT production solutions for LED general lighting and white appliances. The Group will keep developing new solutions for more advanced applications and other high-end electronic products in order to expand the source of income and enhance profitability.

Customers

The Group strives to become a leading EMS provider in the global TFT-LCD panel industry. In this regard, the Group intends to strengthen its relationships with leading TFT-LCD panel makers by continuously adopting co-location strategy. Furthermore, the Group will continue to maintain its focus on the global major players from Korea and Taiwan of TFT-LCD panel industry and the international brands of LED lighting equipment and white appliances manufacturers in the PRC, and will enlarge its customer base by exploring opportunity of business with other global manufacturers.

Production capacity

The Group will also expand its production capacity to cater for increasing demand from customers and to continuously invest in advanced production facilities to enhance production efficiency and quality.

During 2011, the Group has enhanced several production bases in Hefei, Qingdao, Chongqing and Suzhou respectively to cope with the new orders. Including 19 SMT production lines newly installed over its seven bases in PRC regions, there were 172 production lines in total as at 31 December 2011. It is expected that about 20 new production lines will be installed in 2012, making up approximately 192 lines in operation by the end of 2012.

Industry

Moving forward, the TFT-LCD industry is expected to show healthy growth driven by growing market demand for new generation of LCD and LED products. The Group will capture this business opportunity by working closely with its major customers to strive for promising operating results and enhance shareholders’ value. With the positive momentum continuing since the beginning of 2012, the Group’s management is confident that its business will continue to grow in the foreseeable future and generate good returns to the Company’s shareholders.

 

2010 Annual Report

Prospects

Products

Thanks to the favourable government policy, technology evolution, as well as the increasing desire for advanced and energy-saving devices in the customer market, the sales orders for SMT production solutions applied to the new products, namely the LED light bars and main board for television sets, keep surging. The Group will keep developing new products for other applications such as LED lighting and white appliances and other high-end electronic products in order to expand the source of income and enhance profitability.

Customers

The Group strives to become a leading EMS provider in the global TFT-LCD panel industry. In this regard, the Group intends to strengthen its relationships with leading TFT-LCD panel makers by continuously adopting co-location strategy. Furthermore, the Group will maintain its focus on the global major players of TFT-LCD panel industry, and will enlarge its customer base by exploring opportunity of business with other global manufacturers.

Production capacity

The Group will also expand its production capacity to cater for increasing demand from customers and to continuously invest in advanced production facilities to enhance production efficiency and quality.

During 2010, the Group has established three additional production bases in Hefei, Qingdao and Chongqing respectively to cope with the new orders from two of the major TV manufacturers in PRC. It has also built 33 additional SMT production lines over its seven bases in PRC regions including Suzhou, Ningbo, Xiamen and Dongguan. It is expected that about 30-40 new production lines will be installed in 2011, making up 185 lines in operation by the end of 2011.

Industry

Moving forward, the TFT-LCD industry is expected to show healthy growth driven by growing market demand for LCD TV. The Group will capture this business opportunity by working closely with its major customers to strive for promising operating results and enhance shareholders’ value. With the positive momentum continuing since the beginning of the year, the Group’s management is confident that its business will continue to grow in the foreseeable future and generate good returns to the Company’s shareholders.

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