德昌電機控股(00179.HK)中期淨利升16%至1.62億美元 派每股17港仙
格隆匯11月6日丨德昌電機控股(00179.HK)公佈，截至2019年9月30日止6個月，公司營業額15.65億美元，同比減7%。撇除收購及匯率變動的影響，營業額減4%； 股東應占溢利1.62億美元，同比增16%； 每股攤薄盈利18.44美仙，中期息每股17港仙。
回顧期內，相比汽車行業的產量急劇下跌，汽車產品組別的營業額錄得較輕微跌幅。全球輕型汽車產量下跌6%，及所有主要地區的產量均下跌。中國市場跌幅最大達13%，而中國市場在過去二十年來是行業需求增長的最大來源。由於當前中國整體經濟放緩，包括與美國貿易緊張局勢升温產生不利影響，增加不明朗因素和削弱消費者信心。宏觀經濟活動放緩亦對歐洲汽車行業產生類似影響，拖累產量下跌4%。儘管北美在2019年表現較佳，新增職位和消費者開支增長，但輕型汽車的產量亦下跌2%。
工商用產品組別佔集團總營業額的21%，上半年以固定匯率計算營業額錄得14%跌幅。令人失望的表現基於多項因素，其中包括美中貿易爭端，以及延遲或取消部分客户特定項目，拖累
許多終端市場的需求。該組別繼續在通風、生命體徵監測和半導體設備等多個產品應用取得增長，以及產品組合轉向依賴較高增值的技術，維持毛利率穩定。然而，全球製造業活動低迷，工商用產品組別在短期內難以取得進展。
毛利按年下跌是由於銷量下跌、折舊增加和定價受壓所致。然而，與18/19財政年度下半年比較，19/20財政年度上半年毛利率提高0.8%。集團的毛利率預期開始扭轉，主要是由於原料成下降和直接勞工支出減少所致。
報告營業溢利和股東應占溢利淨額上升，主要受惠於其他收入及開支的淨貢獻大幅增加，而當中涵蓋多項正值和負值的非現金項目，這包括於2019年10月策略性出售一項香港投資物業相關的公平值收益4100萬美元(扣除交易成和其他調整)。
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