HK Bourse: Announcement From D&G Technology Holding Co. Ltd.

 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2016/0810/LTN20160810722.pdf 
 
 
                                   PROFIT WARNING 
 
This announcement is made by D&G Technology Holding Company Limited (the 
"Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules 
Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 
"Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities 
and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). 
 
The board of directors (the "Board") of the Company wishes to inform the shareholders of 
the Company and potential investors that, based on the preliminary review of the Group's 
unaudited consolidated management accounts ("Management Accounts") for the six months 
ended 30 June 2016 and the preliminary assessment made by the management of the Group 
based on the information currently available to the Group, the Group expects the turnover 
recorded for the six months ended 30 June 2016 to decrease by approximately 17% as 
compared to that for the six months ended 30 June 2015. 
 
The decrease in the turnover for the six months ended 30 June 2016 was mainly attributable to 
a decrease in revenue of the Group from the sales of asphalt mixing plants, spare parts and 
components and the provision of equipment modification services, and the effect was 
partially offset by an increase in revenue from operating leases of asphalt mixing plants 
during the six months ended 30 June 2016. For the six months ended 30 June 2016, the 
decrease in overall revenue was mainly attributable to the fact that although China has 
continued to implement its plan to increase investment in infrastructure projects, the funds 
for such infrastructure projects have not yet been made available as planned resulting in the 
decrease in demand for our asphalt mixing plants. 
 
                                               -1- 
Subject to the finalization of the review of provision of impairment losses of trade 
receivables for the six months ended 30 June 2016 by the Company's auditors, the Group 
expects the profit attributable to the equity shareholders of the Company to decrease by 
approximately 45% as compared to that for the six months ended 30 June 2015 which is 
mainly attributable to a decrease in turnover as discussed above. 
 
The Group is still in the process of finalizing the results for the six months ended 30 June 
2016, the information contained in this announcement is only based on the Management 
Accounts which has not been reviewed by the Company's auditors. The interim results of the 
Group for the six months ended 30 June 2016 are expected to be published on or before 30 
August 2016. 
 
Shareholders of the Company and potential investors are advised to exercise caution 
when dealing in the shares of the Company. 
 
 
 
Source: Hong Kong Exchanges & Clearing 
 
 
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