01382.HK: Earn Less Than 18% Cents, 26 Cents In The Medium Term.

01382-HK announced that shareholders should account for a profit of 412 million yuan in the 6 months ended September 30, 2019, down 17.86% from a year earlier and 28 cents per share. The median dividend is 26 cents per share.

The group's financial performance in the first half of the year has been slightly reduced by overall sales. Coupled with the decline in average selling prices (compared with the same period last year) and the increase in minority shareholders' interests (with the presence of profitable non wholly owned subsidiaries), the company's net profit of the company's equity holders during the review period decreased by 17.9%.

The group plans to increase its productivity in Vietnam by acquiring land to build factories. As of the date of this announcement, negotiations with the landowners on Vietnam's production base are still in progress. Global economic growth is expected to slow in the coming months. Trade and geopolitical tensions and seemingly weak consumer sentiment are affecting the overall business environment. In the face of future challenges, the group will continue to improve efficiency through the extensive use of technology and machinery to save production costs. Although short-term financial performance may be affected by uncertain economic factors, management is optimistic about business prospects and is prepared to increase its production capacity for long-term benefits.