As of August, Q Technology (01478.HK) gross profit margin rose from 14.9% in the year-ago period to 16.8%. The Chairman He Ningning said at the press conference that the gross profit margin was higher than its peers mainly due to the high automation, effective and transparent internal operation, lowering the inventory turnover days. Meanwhile, it adopted direct procurement and sales business model, and had high proportion of products with high gross profit. In the future, the company will continue launching highly efficient and innovative products, such as the 20-megapixel cameras, in a bid to maintain or increase the gross profit margin level.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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