2003年中期财务报告.pdf

Interim Financial Report 2003 2003 Interim Financial Report 2003 2003 HIGHLIGHTS • Group results significantly impacted by SARS (Severe Acute Respiratory Syndrome). • Steady growth in information systems turnover CEPA • Future Strategic marketing efforts to capitalize on opportunities in China arising from CEPA (Closer Economic Partnership Arrangement) OVERVIEW As a result of over stock caused by SARS (Severe Acute Respiratory Syndrome) and the cut-throat price competition after SARS, the Group ’s revenue and profitability were impacted. Coupled with grant for subsidies to customers and the obsolete inventories incurred by the Group, a loss was recorded for the period under review. During the period under review, the Group recorded a decrease 26% of approximately 26% in turnover due to SARS. Our film and DP service businesses were also affected by the fierce competition resulting from price cuts by parallel imports and 7 8 different branded products, particularly during the SARS period. Despite a steady sales growth in July and August, the loss