PDF《长江制衣有限公司》

s profit. The loss of our Wuxi investments for 2015/16 amounted to HK$28,391,000 (2014/15: HK$20,356,000). Through the management'

s consistent efforts and dedications over the years in optimizing our operation, minimizing the manufacturing costs and restructuring the setup, our factories in China (Panyu and Guigang) had been able to, after several years of unsatisfactory performance, recorded positive results in the year under review. The profit recorded by our factory in Bangladesh in this financial year was lower than expected. This was due to the increase of our manufacturing and operating costs, and the decrease of our garment prices. Our factory in Myanmar, opened in August 2014, was in its second year of operation in the year under review. Although it still incurred a loss, its results had improved mainly due to the higher efficiency of the sewing workers and higher garment prices. As mentioned above, our investments in Wuxi had incurred a higher than expected loss in the year under review. The reasons for the poor results were due to inferior quality of cotton supplied from its primary source in Xinjiang, lower productivity due to outdated machinery, over supply of viscose related products and strong competition. 集团业绩 本集团之二零一五一六年度之收入为938,434,000港元(二零一四一五年度: 1,133,864,000港元) ,整体溢利为4,357,000港元 (二零一四一五年度:亏损23,608,000港元) . 业务回顾及展望 於回顾年度内,经营溢利为23,305,000港元, 而去年则为7,666,000港元.除减少销售成本、经营费用以及销售及分销费用带来正面业绩外,旗下物业估值上升亦有助本年度溢利上升.然而,本集团持有49%股权之无锡合 营企业投资继续录得亏损,侵蚀了本集团之溢利.於二零一五一六年度,无锡投资的亏 损为28,391,000港元(二 零一四一五年度: 20,356,000港元) . 经历数年未如理想之表现后,透过管理层多年 来努力不懈,致力优化旗下经营业务、尽量降 低制造成本以及重组有关设定,旗下中国工厂 (番禺及贵港) 已於回顾年度内录得正面业绩. 本集团於孟加拉之工厂於本财政年度录得之溢 利较预期为低.此乃由於制造及经营成本上涨 以及本集团成衣价格下降所致. 本集团於缅甸之工厂自二零一四年八月成立, 於回顾年度内,为其经营的第二年.尽管其仍 然录得亏损,然而,其业绩已有所改善,主要 由於制衣工人效率提高以及成衣价格上升所致. 诚如上文所述,於回顾年度内,无锡投资录得 较预期为高之亏损.业绩欠佳之原因为其新疆 主要供应来源之棉花质素低於水平,机器陈旧 过时以致生产力较低,黏胶纤维织物相关产品 供应过多,以及竞争激烈.

04 OUTLOOK The weak Euro and GBP had adversely affected our profit margin in the current year. This would be even more intense in the coming year with Britain opted out of the European Union. Disruption to our garment sales as well as narrowing down our profit margins would be inevitable. Despite the positive results of our factories in China, the sign of improvement of our Myanmar factory as well as Bangladesh factory'

s steady business, the management expects the results of our core garment operation in the coming years to be difficult and uncertain. Wuxi'

s investment would continue to be a big concern to the management. Stringent measures had already been taken by the Wuxi'

s management with the aim of improving its profitability. The coming financial year would be a hard and challenging one in view of all the unfavorable factors facing both our core business and Wuxi'