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o-net communications gr-adr (ONETY) Details

O-Net Communications (Group) Limited is engaged in the design, manufacturing, and sale of optical networking subcomponents, components, modules and subsystem used in high-speed telecommunications and data communications network systems. The company offers optical networking products, including power management, transmission, wavelength management, signal conditioning and monitoring, and other products for expanding optical bandwidth, amplifying optical signals, monitoring and protecting wavelength performance, re-directing light signals, and assisting signal transmission in the optical networks. It also provides automation products comprising e-liquid filling and labeling machine for e-cigarette cartomizer, e-liquid bottle filling and assembly machinery, e-cigarette heating coils, and e-cigarette microphones; and fiber laser products, such as CW single mode fiber laser and pulsed fiber laser. The company has operations in the People’s Republic of China, North and South America, Europe, and rest of Asia. O-NET Communications (Group) Limited was founded in 2000. The company is headquartered in Shenzhen, China, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange.

2,198 Employees
Last Reported Date: 09/29/14
Founded in 2000

o-net communications gr-adr (ONETY) Top Compensated Officers

Co-Chairman, Chief Executive Officer, Chairma...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

o-net communications gr-adr (ONETY) Key Developments

O-Net Communications (Group) Ltd. Provides Earnings Guidance for the Full Year Ended December 31, 2014

O-Net Communications (Group) Ltd. provides earnings guidance for the full year ended December 31, 2014. For the period, the company increased net profit amounted to approximately HKD 53.48 million as stated in the Article is not correct, the net profit of the Group for the year ended 31 December 2014 is expected to be approximately 3 times of the corresponding period last year.

O-Net Communications (Group) Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

O-Net Communications (Group) Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net profit and net profit attributable to equity holders was HKD 7,768,000 or HKD 0.01 per diluted share on revenue of HKD 400,172,000 against net loss and net loss attributable to equity holders was HKD 22,815,000 or HKD 0.03 per diluted share on revenue of HKD 256,636,000 a year ago. Operating profit was HKD 10,390,000 compare to operating loss of HKD 26,401,000 a year ago. Profit before income tax was HKD 9,285,000 compared to loss before income tax was HKD 16,780,000 a year ago. The increase in revenue was primarily attributable to the increase in the revenue of optical networking business and the new revenue source generated from the automation business. On Non-GAAP basis, net profit of HKD 7,768,000 or HKD 0.03 per diluted share compared to net loss of HKD 22,815,000 or HKD 0.01 per diluted share a year ago. The Group's capital expenditure on property, plant and equipment consisted primarily of additions to building, plant and machinery, office equipment and construction in progress of approximately HKD 35,500,000 compared to HKD 98,500,000 a year ago.

O-Net Communications (Group) Ltd., H1 2014 Earnings Call, Aug 20, 2014

O-Net Communications (Group) Ltd., H1 2014 Earnings Call, Aug 20, 2014


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