HONG KONG, Aug 30, 2021 – (ACN Newswire) – Alltronics Holdings Limited ("Alltronics" or the "Group") (SEHK: 833), a leading electronic products manufacturer and a provider of energy-saving business solutions, has today announced its unaudited interim results for the six months ended 30 June 2021 ("1H2021", "first half of 2021" or "the Period").

During the Period, the Group's revenue increased by 19.0% to HK$860 million (1H2020: HK$722.8 million), mainly attributable to the increase in sales of electronic products. Gross profit amounted to HK$141.6 million (1H2020: HK$147.3 million) and gross profit margin was 16.5% (1H2020: 20.4%). Profit for the Period attributable to owners of the Company was HK$48.1 million, compared to a profit of HK$42.3 million for the same period in 2020. The improvement in net profit was mainly due to the reduction in impairment losses on financial assets and there was no write-off of long term receivables during the Period.

Basic earnings per share were HK5.08 cents. In its appreciation for the shareholders' continuous support, the Board has declared the payment of an interim dividend of HK1.0 cent per share.

Business Review and Prospects

For the electronic products segment, total sales revenue comprises sales of finished electronic products, plastic moulds and components and other components for electronic products. Despite the continuous impact of COVID-19 pandemic on the global economy, total sales revenue from electronic products during the Period had increased by 19.3% from HK$721 million to HK$860 million. Specifically, the demand for the Group's irrigation controller products increased by approximately HK$38 million to HK$295 million, while sales of electronic component products increased by approximately HK$50 million. Sales of walkie-talkie products also increased slightly by approximately HK$4 million, whereas sales of electrostatic disinfectant sprayers remained stable at approximately HK$150 million during the Period. Although the outbreak of COVID-19 last year led to significant increase in demand for the Group's electrostatic disinfectant sprayers, the Group expected that the total sales revenue from electrostatic disinfectant sprayers for this year is unlikely to maintain at the same level. Nevertheless, the management is confident that the performance of the Group's irrigation controller products for this year will remain strong with steady growth. The demand for other electronic products will also remain stable. New products expected to be launched in the fourth quarter of the year will as well provide new momentum for growth in revenue.

The operation of the biodiesel products and energy efficient gas stoves segment in Hong Kong continued to be affected by the pandemic during the Period, with total revenue of approximately HK$0.2 million. The Group expects the business of biodiesel products and energy-efficient gas stoves segment to remain stable during the second half of 2021.

Regarding the energy saving business segment, total sales revenue for the Period were HK$0.2 million as the installation work at the retail stores of Suning.com Co., Ltd. ceased since last year. The Group therefore foresees the revenue will remain at similar level during the second half of 2021.

Looking ahead, the Group will keep alert and remain cautious on its performance, as the uncertainties in the business environment continue, and the ongoing COVID-19 pandemic as well as trade disputes between the United States and the PRC may lead to further negative impact on the global economy. At the same time, the Group will strive to manage these factors and tighten control over production costs and overheads, and also improve production efficiency in order to maximise the gross profit margin.

Mr. Lam Yin Kee, Chairman of Alltronics concluded, "The COVID-19 pandemic continued to affect the business operations of the Group and its associated companies, and we expect the difficult business environment may last for some time. With that being said, the overall performance of the Group during the first half of the year has improved when compared to prior year. We will certainly continue to explore opportunities with other potential customers for new electronic products with the aim to broaden revenue base and maintain growth momentum, as a result contributing to our shareholders and stakeholders."

About Alltronics Holdings Limited (Stock code: 833)
Alltronics Holdings Limited is mainly engaged in the design and manufacture of a wide range of electronic products with quality and style, supplying biodiesel products and energy efficient gas stoves, as well as the provision of energy-saving business solutions. The Company is a constituent stock of the Morgan Stanley Capital International ("MSCI") Hong Kong Micro Cap Index. For more information, please visit the company website http://www.alltronics.com.hk/.

Media enquiries
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Vicky Lee Tel.: +852 2864 4834 Email : vicky.lee@sprg.com.hk
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Pinky Hui Tel.: +852 2114 2897 Email : pinky.hui@sprg.com.hk
Website: www.sprg.com.hk



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HONG KONG, Aug 25, 2021 – (ACN Newswire) – Apex Ace Holding Limited ("Apex Ace" or the "Company"; Stock Code: 6036) and its subsidiaries (collectively referred as the "Group"), a Hong Kong-based supplier of digital storage products and electronics components along with relevant technical support, has posted a revenue of approximately HK$1,423.9 million, representing a year-on-year leap of approximately 97.6% for the six months ended 30 June 2021 ("1H2021" or the "Review Period"). Profit attributable to owners of the Company rocketed to approximately HK$26.6 million from the HK$1.0 million recorded for the six months ended 30 June 2020 ("1H2020" or the "Last Corresponding Period").

During the Review Period, the semiconductor market saw a strong surge in demand and increasing number of customers sought to build more resilient local supply chains or self-sufficiency in competitive technologies in lieu of a reliance on imported chips in anticipation of post-coronavirus disease 2019 (the "COVID-19") economic recovery. The global shortage of semiconductors has led to an increase in the average selling price of electronics products, and consequently contributed to the Group's expansion. Coupled with the Group's strong ties with major local manufacturers, Apex Ace acted as a stable supplier of digital storage products and general electronics components and achieved an outstanding performance during the unprecedented market situation.

Business Review

The Group's two major product segments, namely digital storage products and general components, contributed 79.7% and 20.3% of the Group's total revenue during the Review Period, respectively.

Revenue generated from the Group's digital storage products was approximately HK$1,135.5 million (1H2020: HK$487.3 million). Gross profit of the segment increased to approximately HK$109.2 million (1H2020: HK$30.4 million), up by 259.4% when compared with the Last Corresponding Period. Gross profit margin increased to 9.6% (1H2020: 6.2%), which was mainly attributable to a further broadening of the customer base and a higher average selling price driven by an industry-wide semiconductor shortage and supply chain constraints.

The Group's another business segment, general components, achieved stable growth, with revenue having increased by 23.5% year-on-year to approximately HK$288.4 million for the Review Period from approximately HK$233.5 million for the Last Corresponding Period. Gross profit of this segment grew by 15.0% to approximately HK$31.9 million (1H2020: HK$27.7 million) and gross profit margin decreased to 11.1% (1H2020: 11.9%)

Prospects

Looking forward, the Group is optimistic about the overall electronics market over the next couple of years on the back of heavy demand for electronics products and the rapid increase in the use of emerging technologies in automotive and industrial electronics. Furthermore, the supply of semiconductors has not kept up with the demand and the chip drought is rippling through supply chains worldwide. The shortage is further complicated by geopolitical tensions, as the US government's decision to restrict technology exports to China has prompted the end customers of the semiconductor industry to move away from a just-in-time inventory system to a just-in-case system. Stockpiling has been a priority in the manufacturing sector in anticipation of further restrictions.

Many multinational corporations are reviewing their global supply chains in order to ensure a more stable supply of key components. Thanks to the local availability of chips and other components, on top of the ease of securing skilled labor, the majority of companies are likely to remain in China. Indeed, those who have faced shuttered production lines in Southeast Asian countries due to the continued pandemic situation in the region are moving back to China.

In view of the industry trends, the Group will continue its diversification strategy and take measures to expand its business in the telecommunications, automotive and consumer electronics end markets. It will serve its customers with a wider product portfolio in the rapidly changing and advancing electronics components distribution market. The Group will establish a more resilient supply chain and expand ties with local electronics manufacturers, while strengthening its ability to respond to supply chain risks or opportunities at pace. The Group believes that its enhanced and broadened product portfolio will not only drive business momentum and improve customer engagement, but also add significant value to its future operations.

Mr. Lee Bing Kwong, Chairman and Chief Executive Officer of Apex Ace, said, "The Group remains cautiously optimistic about market developments as it has worked to maximize the potential of its product portfolio and operating model. We believe that its growing portfolio addresses emerging and disruptive automotive, industrial and cloud-based applications and it will position itself as a future leader in the microelectronics distribution industry. The Group will continue to diversify its product portfolio and customer base in order to maintain its resilience against economic headwinds and industrial challenges and enhance its competitiveness to stride forward in a prosperous manner".

About Apex Ace Holding Limited (Stock Code: 6036)
Apex Ace principally engages in the supply of digital storage products including memory and data & cloud products and general electronic components as well as technical supports. The Group's customers are primarily market players in the TMT sector in the PRC and Hong Kong. The Group's products are classified into two major segments including digital storage products and general components.



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HONG KONG, Aug 19, 2021 – (ACN Newswire) – Solomon Systech (International) Limited (the "Company"; SEHK: 2878) announced today its interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2021 (the "period under review"). It recorded an encouraging results with a profit attributable to owners of the parent of US$10.7 million, a strong growth of 143.1% compared to the same period last year, mainly attributable to our strategies to optimize product mix focusing those with a higher gross profit margin. The Group's total revenue achieved a significant increase of 27.7% to US$74.8 million, total shipments recorded a growth of 19.3% to approximately 209.4 million units. Gross profit surged by 92.4% to US$29.1 million year-on-year. And the gross margin reached 38.9%, representing a growth of 13.1 percentage points. The overall book-to-bill ratio reached 2.0.

Financial Highlights:
— Revenue increased by approximately 27.7% to US$74.8 million
— Gross profit was US$29.1 million, surged by 92.4%
— Gross margin was 38.9%, increased 13.1% points
— Profit attributable to owners of the parent was US$10.7 million
— Earnings per share was 0.43 US cent (equivalent to 3.33 HK cents)
— Book-to-bill ratio reached 2.0

Business Review
Leverage on the Group leading innovation capability and agility in tapping into market trends, we achieved encouraging results and performance in 1H21. We optimized our product mix with a focus on products of emerging demand that benefited from the evolving market trend, including those with a higher gross profit margin.

New Display
New Display ("ND") products mainly refer to our bistable display products. Bistable display is a non-traditional display technology where the display device is illuminated by reflecting ambient light. In the first half-year of 2021, the Group's R&D team has overcome challenges to manipulate multiple driving voltages. The successful launch of Spectra(TM) 3100, the next-generation electronic paper (e-paper) display, echoed the Group's unwavering commitment to go the extra mile and its perseverance to achieve and excel. The group has envisaged the potential of e-paper display technology and has never stopped researching the latest technologies. Spectra(TM) 3100, the next-generation ink platform launched by E Ink Holdings in the first half of 2021, evidenced the technological advancement of the Group.

Additionally, the Group has achieved a significant ESL project from two leading ESL System Integration Solution Providers in early 2021. It is expected that the ESL with Solomon Systech's display IC will be massively launched in the top ranked supermarkets in Europe in 2022, with approximately 10 million units of ESL per year to be launched in the market.

OLED Display
OLED display products include PMOLED bistable display products, micro-LED/mini-LED products and OLED lighting products. Notably, Solomon Systech is the world's number one PMOLED display driver IC player with a market share of over 70% in terms of unit of shipment in 2020. PMOLED has been adapted in the world's most popular home video game consoles and gaining a larger market share in mid to high-end smartphones, leading to increasing demand for high-speed, low-power consumption interfaces. PMOLED TDDI ICs demonstrate colossal market potential and remain one of the key development targets of the Group. In particular, the demand for mobile devices in China and the consumer sentiment have continued to boom in 2021, which ultimately helped to boost the Group's revenue for the OLED display business.

During the period under review, the Group launched the production of the SSD7317 – the world's first Touch and Display Driver Integration ("TDDI") IC for targeted use in smart home products. This innovative breakthrough is now poised to take the product user experience to new heights. The Group has achieved related design-in projects and has commenced mass production of the IC for adoption in smart thermostat electric kettles.

Handheld healthcare devices received overwhelming demand during the pandemic since higher healthcare standard in working and living environment was maintained globally after the outbreak of COVID-19, which in turn drove our sales in OLED display business during the period under review.

Into 2021, the Group is devoting more resources to developing new micro-LED products and aspires to attain technological breakthroughs of its market-leading micro-LED display IC solutions. The group provides total solutions from design to mass production delivery in micro-LED display IC. The Group possesses the most advanced IP database dedicated to the micro-LED display and is well-positioned to offer the ultimate solution for micro-LED display driver applications. The Group has signed strategic cooperation agreements with industry-leading companies and obtained orders, laying a foundation for the mass production of related products in the near future.

Mobile Display and Mobile Touch
The Group's Mobile Display and Mobile Touch ("MDMT") products include In-Cell Touch Display Driver IC (TDDI), TFT Display Driver IC, STN Display Driver IC, MIPI Bridge IC, and Touch Controller IC.

In the first half of 2021, the Group has developed a number of new driver products and custom ICs and launched IoT TDDI for the application in wearable products. It is the world's first TDDI chip for IoT and wearable application with excellent touch and ultra-low power consumption performance. At the same time, in the view of increasing demand on quality and speed of gaming experience, Solomon Systech also stepped into the game controller sector, designed its touch controller IC to achieve the world's number one latest game console controller. It is foreseeable that the game console controller IC could continue to contribute to the revenue stream in the coming two to three years. It is also a joint development human interface display platform, and a sole partnership with a leading small-to-medium sized TFT-LCD panel maker.

Large Display
In addition to ND, OLED and MDMT products, the Group also offers another range of display products, such as Large Display ("LD") products including large panel TFT LCD display driver ICs developed for TVs, monitors and other applications etc. For LD driver IC business, the group has launched its high-speed Peer-to-peer (P2P) display driver IC for the 165Hz high refresh rate gaming monitor and 8K TV during the period under review. We will continue with its marketing plans to promote the higher functionality display IC for this segment.

Prospects
We are well-positioned to capture the vast opportunities presented by the evolving market landscape and thriving demand. We aspire to enlarge our market share and maintain the position as one of the world's leading semiconductor players with global influence. Given the uncertainty in the semiconductor industry due to the insufficient capacity of wafers, the group has to face various challenges in the coming years. It is expected that the prices of display ICs will continue to increase in 2021 and beyond as more companies are rushing to obtain supply from the fabs to allow undisrupted production.

To overcome the shortcoming of increasing price, the group will aspire to enhance product quality and development. The rapid growth of the market demand is being fueled by demand from PMOLED wearables, smart home solutions, and IoT/AIoT solutions, thanks to the distinct features of enhanced display quality, bendability, and transparency. At the same time, consumers' pursuit of product versatility and lightweight design is forcing brand owners to look for sophisticated IC solutions with unique features.

Moreover, mini-LED display has the potential to become the next-generation mainstream. The group is optimistic about the prospects of mini-LED display and is stepping up its research in offering the ultimate solution for mini-LED display driver applications with increasing resources to achieve technology breakthroughs.

Mr. Raymond Wang, the Chief Executive Officer of Solomon Systech (International) Limited, said, "We are pleased to see the encouraging interim results performance and the significant sales growth in the period under review. Our business structure and product mix have got mature and comprehensive on the ground of the great contribution of our staff. In the second half of 2021, in view of the strong demand of IC display products, the Group will continue to fulfill the orders to cope with the increasing demand from customers. The Group will also make effort on the product innovation to consolidate our leading market position in display businesses. Carrying the expectations and trust of consumers, shareholders, employees, and business partners, we will strive to achieve sustainable growth and ultimately maximize the returns to our shareholders."

Media Enquiry：
Sylvia Li
Corporate Communications Manager
Solomon Systech Limited
Tel: (852) 2207 1672
Fax: (852) 2207 1372
Email: sylviali@solomon-systech.com

Kelly Fung
General Manager
Porda Havas International Finance Communications Group
Tel: (852) 3150 6763
Fax: (852) 3150 6728
Email: kelly.fung@pordahavas.com


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HONG KONG, Jun 30, 2021 – (ACN Newswire) – Alco Holdings Limited ("Alco" or the "Group"; stock code: 00328), a world-leading manufacturer of electronic products, announced its annual results for the year ended 31 March 2021 (the "Year").

Year 2020 was challenging due to the COVID-19 pandemic, nonetheless, with notebook computers in strong demand, the Group recorded a 33% increase in turnover to HK$1,279 million (2020: HK$961 million). Notebook computer sales were HK$632 million, representing 261% year-on-year growth (2020: HK$175 million), with sales volume near a quarter million units, evidencing the popularity and consumer acceptance of Alco's notebook computer brands.

During the Year, the Group's gross loss margin improved by 1.9 percentage points to -4.8% (2020: -6.7%), and net loss attributable to equity holders of the Company improved by 40% to HK$360 million (2020: HK$599 million). Certain sales orders were abandoned during the Year compelled by the global supply shortage of various electronic parts and components, and suppliers unable to timely deliver critical components, as such the Group's profitability was affected. Nevertheless, net loss attributable to equity holders of the Company reduced thanks mainly to the much higher quantity of notebook computers produced during the Year. For the same reason, fixed costs (i.e. those for manufacturing facilities, advertising and branding, and products engineering and development) had been diluted, and most importantly, the Group had stronger bargaining power in material cost negotiations.

Alco continued to adhere to its long-term growth strategy focusing on the developing and promoting notebook computers under the AVITA brand during the Year. At the same time, it also kept abreast of market trends and continued to develop a variety of popular notebook computer products, as well as LTE enabled tablets for markets and countries where WiFi is not commonly available in private homes. The COVID-19 pandemic has created a new paradigm of life for billions of people worldwide, with working from home a new norm taking root, notebook computers and tablets are benefiting from this.

Mr. Leung Wai Sing, Chairman and Chief Executive Officer of Alco, said, "It is very encouraging that we recorded a 261% surge in notebook computers sales, which is also a testament of our successful transformation into development of notebook computer brand business. We will put more resources into expediting development of our notebook computers business, and also strengthen our brands and adjust our product portfolio. Automation and using robots in production is another area Alco is investing in so that it could match the increase in notebook computer demand year on year. Heeding the growth path of AVITA notebook computers and the enquiries on private-label notebook computers recently received, we are cautiously optimistic that our notebook computer outputs would soon exceed one million units per year.

"In addition, we will be celebrating our 30th listing anniversary next year, which we see as a good time for us to looking for fresh prospects to driving Alco's growth in next decades. Thus, we are looking at investment opportunities that agree with rising technology trends such as IoT products, 5G enabled devices, edge computing and even electric mobility. We believe that with our relentless effort, and with an experienced management team and good market reputation, the Group is well-positioned and well-equipped to sustain development momentum albeit the challenging business environment."

About Alco Holdings Limited (Stock Code: 00328)
Founded in 1968, Alco is a world-leading manufacturer of electronics products. The Group has been listed on the Hong Kong Stock Exchange since 1992 and has been enjoying continuous success by leaveraging its core competencies in manufacturing, operational efficiency, R&D as well as its exceptional commitment to quality. In order to keep ahead of the competition, it has been undergoing process of change and transformation for the development of products based on smart technologies and for launching its own-brand notebook computers. Alco's mission is to go beyond the limits of modern technologies to facilitate the digital revolution.

For details, please visit: www.alco.com.hk/



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MIAMI, FL, Apr 21, 2021 – (ACN Newswire) – BIWIN, a leading chip manufacturer for flash storage, reached an agreement with Acer to bring Predator-branded memory and personal SSD storage products to customers in the United States and Canada. The product offerings will take advantage of BIWIN's manufacturing capabilities and Predator's global brand recognition to provide the latest memory and storage solutions for both casual and professional gamers.

The Predator brand is known for providing hardcore PC gamers and esports professionals with high-end gaming solutions that give them a competitive edge. The new high-end flagship memory and storage portfolio under the Predator brand begins with state-of-the-art memory modules and blazing fast solid-state drives.

With a powerful "cyberpunk inspired" design to match the power of its performance, the new Predator Apollo memory module series offers speed, style and special lighting. Its ultra-high frequency, ultra-low timing, and overclocking capabilities will satisfy even the most speed-thirsty gamers.

The Predator Apollo series feature RGB lighting that synchronizes with most mainstream motherboard software to allow eight eye-catching independent lighting areas, 16 million RGB colour values and 10+ light effects.

Built with the best components, the Predator Apollo memory modules come with an impressive 10-layer PCB, aluminium heatsink, 15μm gold-plated contacts and the highest quality B-dies to ensure top-level performance. With Apollo as part of their gear (incorporating Intel XMP 2.0), gamers can now jump to overclocking with one click.

To complement the Predator Apollo series, a range of Predator Talos memory modules are built with an 8-layer PCB, ultra-low timing, and high-efficiency zinc-alloy heatsink to guarantee better performance, higher endurance, and an extremely satisfying experience for users.

In solid-state storage, the new Predator GM3500 delivers faster load times for games, applications, and movies. It's lighter than regular drives and better able to withstand movement and drops. It also uses less energy, allowing computers to run cooler.

This high-performance GM3500 model is PCIe Gen 3×4, NVMe 1.3 compliant with 3400/3000 MB/s read-write speeds while the Advanced LDPC (Low-Density Parity Check) on-board improves performance using powerful error-correcting code algorithms.

More customers now realize the benefits of solid-state drives and want to upgrade their current desktop and laptop systems. Predator-branded SSDs bring them the speed (and capacity) they need to make their work run faster and their gameplay stress-free.

With the rapid growth in the gaming and esports industry, the Predator high-end storage and memory product lines will expand, providing consumers with even more options to upgrade.

About BIWIN

As one of the leaders in the global manufacture of flash storage devices, BIWIN expects exciting results as it brings Predator-branded products into the higher-end memory and consumer storage market.

BIWIN focuses on providing customers with more competitive and high-quality hardware and software storage solutions. BIWIN products and services include SSDs, embedded storage chips, memory cards, memory modules, and customization services.

The new BIWIN Huizhou Science and Technology Zone will offer more than 110,000 square metres of production lines for chip manufacturing and the production of memory modules, memory cards and SSDs. Please visit https://biwintech.com

Media Contact:
Pietro Luo, BIWIN
E: Mkt.hq@biwintech.com

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