Net income attributable to shareholders slipped 21% to HK$45,895,000 ($5.9 mm) last year from HK$58,213,000 on 9% lower revenues of HK$1,048,006,000 ($135.2 mm) down from HK$1,146,834,000 in 2019. Gross margin was up 20 basis points to 30.4%, helped by cost control measures that more than offset lower fixed cost absorption due to the decline in sales. Manufacturing segment sales fell 20% to HK$533.7 million, hit hard by the pandemic, especially in Q2 last year when many western companies slashed orders. Most manufacturing operations have now been transferred to Bangladesh, with only 500 employees left in Shenzhen. Segment operating income ... Log in to view full article.