-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E7f/f/iT5X3NqHk2wdu93JlejN+OONAjkrsXcx8we5EXiKisF9vteRaWi+RbB5C+ tHUaa7lbC6afWvsqeW/mMw== /in/edgar/work/20000606/0001000096-00-000413/0001000096-00-000413.txt : 20000919 0001000096-00-000413.hdr.sgml : 20000919 ACCESSION NUMBER: 0001000096-00-000413 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000531 FILED AS OF DATE: 20000606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BONSO ELECTRONICS INTERNATIONAL INC CENTRAL INDEX KEY: 0000846546 STANDARD INDUSTRIAL CLASSIFICATION: [3590 ] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 000-17601 FILM NUMBER: 649894 BUSINESS ADDRESS: STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST STREET 2: UNIVERSAL INDUSTL. CENTRE FO TAN SHA TIN CITY: NEW TERRITORIES HONG STATE: K3 BUSINESS PHONE: 011852260558224 MAIL ADDRESS: STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST STREET 2: UNIVERSAL INDUSTL CENTRE FO TAN SHA TIN CITY: NT HONG KONG STATE: K3 6-K 1 0001.txt FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April and May, 2000 ------------------- Bonso Electronics International Inc. --------------------------------------------- (Translation of Registrant's name into English) Flat A-D, 8th Floor, Universal Industrial Centre, 23-25 Shan Mei Street, Fo Tan, Shatin, N.T., Hong Kong ------------------------------------------------------------------------ (Address of principal executive offices) [Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.] Form 20-F X Form 40-F ------- ------- [Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.] Yes No X ------- ------- BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal IndustrialCentre North America Company Contact: 23-25 Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beaeh, CA 92660 USA Tel: (949) 760-9611 Fax: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. REPORTS THIRD QUARTER FINANCIAL RESULTS HONG KONG (BUSINESS WIRE)..April 17, 2000. Bonso Electronics International Inc. (Nasdaq/NMS: BNSO) reported results for the third quarter, ended December 31, 1999. Bonso's net sales for the nine month period ended Dec. 31, 1999, were $11.4 million, an increase of 17%, compared to sales of $9.7 million for the nine month period ended Dec. 31, 1998. Operating income was $843,000 for the nine months ended Dec. 31, 1999, an increase of 126% compared to $373,000 for the corresponding period last year. Net income for the current nine months reporting period was $803,000, or $0.2633 basic earnings per share, an increase of 617% from $112,000 or $0.0369 basic earnings per share, reported for the nine months ended Dec. 31, 1999. For the three month period ended Dec. 31, 1999, net sales were $3.5 million, an increase 28% compared to sales of $2.8 million for the three month period ended Dec. 31, 1998. Operating income for the current reporting quarter was $113,000 an increase of 2%, compared to $111,000 in operating income reported for the comparable quarter in 1998. For the three month period ended Dec. 31, 1999, net income was $181,000, or $0.059 basic earning share, an increase of 9850% compared to a net income of $2,000, or $0.0007 basic earning per share, for the three months ended Dec. 31, 1998. Mr. Anthony So, Chairman and Chief' Executive Officer of the Company, stated: "I am pleased to report that the third quarter results have remained on track. I am very optimistic that the Company's sales will continue to increase in conjunction with our efforts to diversify our product offerings especially in the new communication products." Mr. So further stated, "Since we last reported, Bonso has grown substantially. Our factory is operating at a high level of capacity. We are making every effort to comply with our existing and new customers' requirements for product shipments. These efforts include expansion of a number of manufacturing lines, going to multiple shifts in some production areas and leasing additional factory space nearby. Based on the overwhelming demand for our current products and manufacturing services we continue to be cautiously optimistic about the future." Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products. The Company manufactures all of its products in the People's Republic of China. The Company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and healthcare products include electronic thermometers and blood pressure meters. The Company's telecommunications products include cordless telephones, two-way radios and internet audio (MP3) products. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America and Europe. Sale Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. FINANCIAL HIGHLIGHTS--TO FOLLOW###
BONSO ELECTRONICS INTERNATIONAL INC. CONSOLIDATED BALANCE SHEET (In U S Dollars) December 31, March 31, 1999 1999 ------------- ------------ (unaudited) (audited) ASSETS Current Assets Cash and cash equivalents $ 477,535 $ 271,447 Restricted cash deposits 1,046,879 1,011,688 Trade receivables, net 660,808 362,236 Inventories, net 3,932,022 4,637,328 Notes receivable 153,738 630,443 Deferred income tax assets - current 31,251 31,251 Other receivables, deposits and Prepayments 607,803 243,231 ------------ ------------ Total current assets $ 6,916,036 $ 7,308,230 Deferred income tax assets - non current 81,223 81,223 Net property, plant and equipment 14,113,056 11,270,831 ------------ ------------ Total assets $ 21,110,315 $ 18,660,284 ============ ============ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Bank liabilities: $ 216,836 $ 643,278 Notes payables 1,064,861 581,349 Account payable 2,279,627 1,135,910 Accrued charges and deposits 686,224 516,458 Income taxes payable 23,462 11,667 Short-term loans -- 720,123 Current portion of long-term debt & capital lease obligations 494,526 383,409 ------------ ------------ Total Current Liabilities $ 4,765,536 $ 3,332,200 Long term debt and capital lease Obligations, net of current maturities 845,955 42,397 Shareholders' equity Common stock par value $0.003 per share authorized 23,333,334 shares issued and outstanding 2,923,992 shares 9,498 9,353 Additional paid in capital 8,907,124 10,285,105 Promissory note receivable from Shareholder -- (1,430,000) Retained earnings 6,328,919 5,525,958 Accumulated other comprehensive income 253,283 235,271 ------------ ------------ $ 15,498,824 $ 14,625,687 ------------ ------------ Total Liabilities & Shareholders' equity $ 21,110,315 $ 18,660,284 ============ ============ BONSO ELECTRONICS INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME (In Thousand of U.S. Dollars) (unaudited) Three months ended Nine months December 31 December -------------------------------------------------------------- 1998 1999 1998 1999 ---- ---- ---- ---- Sales 3,542 2,777 11,397 9,723 Cost of Sales (2,280) (1,837) (7,554) (6,904) ---------- ---------- ---------- ---------- Gross Profits 1,262 940 3,843 2,819 Operating Expenses Selling Expense 61 59 151 143 Salary & related cost 572 514 1,447 1,330 Research & development Expenses 50 8 148 20 General & admin expense 466 248 1,254 953 ---------- ---------- ---------- ---------- Income from operations 113 111 843 373 Other income 77 22 187 82 Foreign exchange Gain/(Loss) (13) (14) (19) 23 Interest Expenses (83) (117) (208) (366) ---------- ---------- ---------- ---------- Income before income tax 94 2 803 112 Income tax (credit)/charge (87) -- -- -- ---------- ---------- ---------- ---------- Net income 181 2 803 112 ========== ========== ========== ========== Per share amounts (in dollars) earnings per share: Basic 0.059 0.0007 0.2633 0.0369 Diluted 0.052 0.0006 0.2295 0.032 Weighted average shares Outstanding 3,050,068 3,034,439 3,050,068 3,034,439 Incremental shares from Assumed exercise of Warrants and stock options 448,032 461,730 448,032 461,730 Adjusted weighted average Share 3,498,100 3,496,169 3,498,100 3,496,169
BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25 Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Tel: (949) 760-9611 Fax: (949) 760-9607 BONSO ELECTRONICS ANNOUNCES NEW TELECOMMUNICATION BUSINESS HONG KONG - (BUSINESS WIRE) -April 20, 2000 - Bonso Electronics International, Inc. (NASDAQ/NMS: BNSO) announced new orders for its principal telecommunication product--the Family Radio System ("FRS"). Anthony So, Chairman and Chief Executive Officer of Bonso stated, "the Company has received an order from a Korean company, for average monthly shipments of 300,000 FRS units to be sold under a world wide brand name into the North American market. The current order is for an aggregate of 2,400,000 units to be produced between April 2000 and November 2000. This order represents a monthly increase of approximately 200,000 units from shipments in March 2000 of approximately 100,000 units." Mr. So stated that, "as a result of this new order we anticipate a tremendous increase in our annual sales during the fiscal year ending March 31, 2001." He also stated that "the Company expects the worldwide telecommunication's business to continue to grow, and that Bonso will be able to participate in that growth with the development and manufacture of various new telecommunications products." Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products, as well as, their new line of telecommunications products. The Company manufactures all of its products in the People's Republic of China. The Company's scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial, parcel and mechanical scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include thermometers and blood pressure monitors. The company's telecommunications products include two-way radios and cordless telephones. Headquartered in Hong Kong, Bonso electronics markets its products to customers primarily in North America and Europe. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the market for telecommunications products, uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. EXPANDS PRODUCTION FLOORS AND FACILITIES FOR INCREASING ORDERS HONG KONG .... May 1, 2000. Bonso Electronics International Inc. (NASDAQ Symbol: BNSO) today announced that, as a result of a strong market and increasing customer orders, the Company has leased a new 52,000 square feet factory building and a new 32,000 square feet dormitory building, which are located adjacent to Bonso's existing 400,000 square feet production plant. Renovation of the new factory building is taking place and management expects to begin using the new building in early May, 2000. Mr. Anthony So, CEO of Bonso, said "We expect to invest US$5 million in the near future for renovation, testing equipment and machines. I am very excited and believe that Bonso's competitive position will be significantly enhanced by this expansion." Bonso Electronics designs, develops, manufactures and sells a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products. The Company manufactures all of its products in the People's Republic of China. The Company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include electronic thermometers and blood pressure meters. The Company's telecommunications products include cordless telephones and two-way radios products. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America and Europe. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE - -------------------------------------------------------------------------------- Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact: 23-25, Shan Mei Street George O'Leary Fo Tan, Shatin, N.T. 1919 Yacht Colinia Hong Kong Newport Beach, CA 92660 USA Email address : info@bonso.com Telephone: (949) 760-9611 Facsimile: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. EXPANDS PRODUCTION CAPACITY AND FACILITIES FOR INCREASING ORDERS HONG KONG .... May 8, 2000. Bonso Electronics International Inc (NASDAQ Symbol: BNSO) today announced that the Company has increased its molding capacity by adding 37 sets of new injection molding machines, so that the number of injection molding machines increased from 25 sets in December, 1999, to 62 sets at this time. Bonso's plastic molding capacity has increased by more than 200% in the last five months. Furthermore, a total of 30 sets of automatic new SMT (surface mount technology) machines have also been installed since December 1999. The total investment in these new machines was over US$7 million. Mr. Anthony So, CEO of Bonso, said "We also expect to invest a further US$1 million in the near future for testing equipment. With the addition of these machines, we have expanded our current facility to meet the increased demand for our products and to further enhance our competitive position." Bonso Electronics is a leading contract manufacturer of electronics products, and designs, develops, manufactures and sells a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products. The Company manufactures all of its products in the People's Republic of China. The Company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include electronic thermometers and blood pressure meters. The Company's telecommunications products include cordless telephones and two-way radios products. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America and Europe. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BONSO ELECTRONICS INTERNATIONAL INC. (Registrant) Date: June 5, 2000 By: /s/ Henry F. Schlueter ------------ -------------------------------------- Henry F. Schlueter, Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----