The Hong Kong-based manufacturer’s net income attributable to shareholders more than doubled last year to HK$118,468,000 ($15.2 mm) from HK$57,074,000 on 15% higher sales of HK$ 1,701,046,000 ($218.1 mm), up from HK$1,474,488,000. Mainland worked to reshape its supply chain during the year and further consolidated its factory network in North America and Asia. Sales to the U.S. grew 8% to HK$1,339.1 million ($171.7 mm), while Europe jumped 63%, China dipped 16%, and Rest of World ticked up 25%. Gross margin was flat at 30.9%, and operating expense inched up 5%, ... Log in to view full article.