Gelonghui June 28th 丨Aggregation Technology (01729.HK) announced that for the year ended March 31, 2022, the company's revenue was HK$3,590.1 million, up 19.4% year on year, and gross profit was HK$588.1 million, up 1.4% year on year; adjusted total profit for the year was HK$168.3 million, down 25.7% year on year; company owners should account for HK$168.2 million in annual profit, down 25.7%. The basic profit per share is HK9.1 cents, with a proposed final dividend of HK$1 per share.

The price of copper rose sharply during the year. The average copper price increased from US$6,897 per tonne to US$9,689 per tonne, up 40.5% from the previous fiscal year. According to the current pricing mechanism that the Group has always used with customers, the selling price will be adjusted automatically according to the copper price, that is, the impact of fluctuations in copper prices will be directly passed on to the customer. In this regard, the impact of copper prices was approximately HK$252.9 million, accounting for 7.0% of the Group's revenue. On the other hand, there is a serious shortage of containers in the market, leading to soaring transportation costs and freight delays. It also directly hinders group shipments and inhibits normal business growth. The Group's revenue for fiscal year 2022 increased by HK$582.1 million from HK$3,080 million in the previous fiscal year to HK$3,590.1 million, an increase of 19.4% over the previous fiscal year. Excluding the impact of copper prices, the Group's earnings increased by HK$329.2 million, or 10.9%, over the previous fiscal year. The increase in earnings was mainly due to the gradual restart of major overseas markets, which led to an increase in the digital wire segment and organic growth in the wire component segment.