Low volume means no more speculators inside la. U know operator not so stupid goreng for everybody to earn money one ma. When the stock no more movement that means only the most faithful are inside. Curi ayam punya semua sudah belah.
UnicornP, "When the stock no more movement that means only the most faithful are inside. Curi ayam punya semua sudah belah." - so if the stock no more movement, does that mean price will go up? It's quite worrying leh if no more movement and the price keeps going down
What makes you come here at Hbglob easyguy? by:Unicorp.
Review of HBGLOB Comprehensive Income Our revenue increased by RMB22.5 million or approximately 15.5% from RMB145.2 million in financial year ended 31 December 2016 (“FYE2016”) to RMB167.7 million in financial year ended 31 December 2017 (“FYE2017”). The increase was mainly due to increase in sales of Frozen Vegetable products.
The Group has improved its Gross Profit (“GP”) margin from 10.1% in FYE2016 to 31.6% in FYE2017. This has marked an improvement since the Group ceased the duck farming segment in July 2016, focussing its resources on profitable food processing segment as compared to the duck farming which was running at a gross loss in prior year.
Other operating income increased by RMB6.9 million from RMB6.7 million in FYE2016 to RMB13.6 million in FYE2017. Included in other operating income for FYE2017 were reversal of impairment on property, plant and equipment of RMB8.3 million, rental income of RMB1.9 million, and gain on disposal of property, plant and equipment of RMB3.0 million. Whereas in FYE2016, other operating income included reversal of impairment on property, plant and equipment of RMB1.3 million, exchange gain of RMB0.9 million, rental income of RMB0.5 million and other revenues of RMB0.4 million.
Selling and distribution expenses decreased by RMB0.6 million in FYE2017 as a result of lower transportation and freight charges, travelling expenses and marketing fees incurred.
General and administration expenses had increased by RMB3.7 million in FYE2017 mainly due to general inflation.
Other operating expenses increased by RMB3.1 million in FYE2017 were mainly due to impairment loss on certain property, plant and equipment (“PPE”) for RMB4.4 million, loss on disposal of PPE for RMB1.5 million and PPE written off for an amount of RMB0.4 million.
The significant increase in net profit before taxation of RMB22.5 million in FYE2017 is the result of the above explanations and favourable gross profits achieved during the financial year.
Review of Balance Sheet There were minor additions to property, plant and equipment and construction in progress for the current year. These were mainly for the purposes of improving production facilities.
The increase in inventories of RMB3.4 million from FYE2016 was mainly to meet the increased demand of our products for coming month. Trade receivables increased by RMB38.9 million from RMB20.7 million in FYE2016 to RMB59.6 million in FYE2017 was mainly due to increased local demand of our products during the quarter under review as compared to preceding year corresponding quarter. Trade and other payables increased by RMB23.7 was mainly due to the increase in purchases in the current quarter to meet the increased demand of our products for coming month.
Review of Cash Flow Statement Net cash generated in operating activities increased in FYE2017 by approximately RMB17.6 million was mainly due to the improvement of GP margin of our products and the extended repayment period to trade and other payables but partly offset by the credit term given to our local customers.
Net cash generated in investing activities increased to RMB6.7 million in FYE2017 was due to the disposal of old plants. Also there were additional production facilities acquired to meet the growing volume in our frozen vegetable products.
The Group recorded revenue of RMB70.7million in the current quarter, increased by approximately RMB30.8 million or 77.2% from RMB39.9 million in the immediate preceding quarter due to the improved local demand for our frozen vegetable products that ultimately exported. The increase in profit before taxation and after taxation is mainly due to the better GP margin achieved and the reversal of impairment on property, plant and equipment for the current quarter.
Prospects for FYE 2018 HBGLOB had delivered a sterling performance in the current financial year ever since it embarked on its own self-rescue plan without any reliance on external parties when it undertook drastic measures in cessation of the duck farming segment since July 2016. The Group had met the requirements of achieving 2 consecutive profits and poised to continue to perform well barring any unforeseen circumstances in the challenging global economy as the Group continue to embark on capturing the local market and continue to work closely with its channel partners.
The effective tax rate of our Group for the current quarter and financial year-to-date was Nil as compared to the applicable tax rate of 25.0% due to permanent difference in the tax treatment of expenses that are not deductible under China tax.
because i bought it too expensive few weeks back 20 cents. Cant sell now I'll make so much of loss. So i want to at least cut down on the losses. And if miracle can happen, make some profits at least by 5 cent
LOL "air liur aku menitis keluar" HAHAHA you're funny Calvinharris. Sorry I dont understand the FY report. What does it mean for the coming QR report? Price will increase or decrease further?
U see Iretex every quarter loss also can up. U know why? Because no people bother to buy it so the boss just goreng it up and gonna throw to ikan-ikan bilis at high price. Then Niagara waterfall...
BRIGHT HOPE LTD (FKA GOODUNITED LIMITED ASDION shareholders disposed during ASDION reached 40 sen ++something.
FROM What I noticed from bursa website, HBGLOB( during at 30 sen-37sen), NO ANY Single ticket dispose during HBGLOB announced Good improvement Qr Result Report for 3 times berturut-turut in Financial Year of 2017. 管理层在乎的是把业务提升,创造盈利。
Management are doing and focusing TWO THINGS here:
1) To keep improving Future Earning. 2) To keep affort to liftout pn17.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Williamtaychunkit
369 posts
Posted by Williamtaychunkit > 2018-05-04 14:27 | Report Abuse
Orang baru, skjc.