-----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, Aaer0pYmCgUgze+F6/M4oSpDHXb65SbhQXuLtbHZ8vk0A36ZKlKZuES72ni/pbl9 sxaJ2PNmJeJ2WQ+G1wssaQ== /in/edgar/work/0001000096-00-500001/0001000096-00-500001.txt : 20001110 0001000096-00-500001.hdr.sgml : 20001110 ACCESSION NUMBER: 0001000096-00-500001 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001108 FILED AS OF DATE: 20001109 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: 756855 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 November, 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 - -------------------------------------------------------------------------------- Unit 1106-1110, 11/F Star House North America Company Contact : 3 Salisbury Road George O'Leary Tsim Sha Tsui, Kowloon 1919 Yacht Colinia Hong Kong Newport Beach CA 92660 USA Tel: (949) 760-9611 Fax: (949) 760-9607 BONSO ELECTRONICS INTERNATIONAL INC. REPORTS IMPROVED SECOND QUARTER FINANCIAL RESULTS HONG KONG (BUSINESS WIRE) November 8, 2000..Bonso Electronics International Inc. (Common Stock--Nasdaq/NMS: BNSO; Warrants--Nasdaq/SmallCap: BNSOZ) reported net income of $2,011,000 on revenues of $15,602,000 for the six months ended September 30, 2000, an increase of 223 and 99 percent, respectively, over earnings of $622,000 and revenues of $7,855,000 posted in the comparable 1999 period. Diluted earnings per share of $0.36 in the six months ended September 30, 2000, which compares to $0.17 in the same 1999 period, reflect a 53.1 percent increase in adjusted weighted average shares outstanding due to conversion of warrants in January 2000, which added 2,412,000 additional shares outstanding over the prior year. Net income in the three months ended September 30, 2000 rose to $825,000 equal to $0.15 per share, over earnings of $236,000, or $0.065 per share, in the 1999 quarter. Revenues increased to $6,421,000, over $3,515,000 last year. "I am pleased to report that the second quarter result is running well ahead of last year. The small drop of turnover and revenues in this quarter compared to the first quarter is basically due to a temporary suspension of shipments of a telecommunications product in August and September while contractual issues were being resolved," said Anthony So, Bonso chairman and Chief Executive Officer. "However, all contractual issues have been resolved, and in October we resumed shipping "two way radio" products monthly close to the first quarter rate. We continue to look forward to a substantial annual performance improvement for this year." About Bonso Electronics Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts 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### 2
BONSO ELECTRONICS INTERNATIONAL INC. CONSOLIDATED BALANCE SHEET (In U.S. Dollars) ASSETS September 30, 2000 March 31, 2000 (Unaudited) (Audited) Current Assets: Cash and cash equivalents $ 4,866,699 $ 7,959,404 Restricted cash deposits 2,164,426 2,071,952 Trade receivables, net 2,613,232 1,661,050 Inventories, net 5,747,046 6,192,611 Notes receivable 152,275 525,175 Income taxes recoverable -- 112 Deferred income tax assets - current -- 24,802 Other receivables, deposits and Prepayments 442,110 235,851 ------------ ------------ Total current assets $ 15,985,788 $ 18,670,957 Deposits -- 398,147 Deferred income tax assets - non current 45,638 101,570 Net property, plant and equipment 17,541,546 14,622,042 ------------ ------------ Total assets $ 33,572,972 $ 33,792,716 ============ ============ Current liabilities : Notes payable 973,830 819,099 Account payable 2,076,671 3,028,023 Accrued charges and deposits 376,682 882,839 Short-term loans -- 622,229 Current portion of long-term debt & capital lease obligations 456,815 553,467 Income tax payable 170,000 -- ------------ ------------ Total Current Liabilities $ 4,053,998 $ 5,905,657 Long term debt and capital lease Obligations, net of current maturities 685,223 864,798 Shareholders` equity : Common stock par value $0.003 per share authorized 23,333,334 shares issued and outstanding shares 5,515,966 16,478 17,133 Additional paid in capital 20,696,156 22,325,500 Promissory note receivable from Shareholder -- (1,430,000) Retained earnings 7,885,145 5,873,656 Accumulated other comprehensive Income 235,972 235,972 ------------ ------------ $ 28,833,751 $ 27,022,261 ------------ ------------ Total Liabilities & Shareholders` equity $ 33,572,972 $ 33,792,716 ============ ============ 3 BONSO ELECTRONICS INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME (In Thousand of U.S. Dollars) (Unaudited) Three months ended Six months ended September 30 September 30 ---------------------------------------------------------------------- 2000 1999 2000 1999 ---- ---- ---- ---- Sales 6,421 3,515 15,602 7,855 Cost of Sales (4,243) (2,280) (10,966) (5,274) ---------- ---------- ---------- ---------- Gross Profits 2,178 1,235 4,636 2,581 Operating Expenses Selling Expense 79 38 213 90 Salary & related cost 580 380 1,170 875 Research & development expenses 49 91 78 98 General & admin expense 545 424 1,113 788 ---------- ---------- ---------- ---------- Income from operations 925 302 2,062 730 Other income 191 80 304 110 Foreign exchange Gain/ (Loss) (25) 1 14 (6) Interest Expenses (119) (60) (222) (125) ---------- ---------- ---------- ---------- Income before income tax 972 323 2,158 709 Income tax (charge ) (147) (87) (147) (87) ---------- ---------- ---------- ---------- Net income 825 236 2,011 622 ========== ========== ========== ========== Per share amounts (in dollars) : earnings per share Basic 0.15 0.076 0.36 0.20 Diluted 0.15 0.065 0.36 0.17 Weighted average shares Outstanding 5,527,623 3,115,880 5,527,623 3,115,880 Incremental shares from Assumed exercise of Warrants and stock options 68,228 539,950 68,228 539,950 Adjusted weighted average Shares outstanding 5,595,821 3,655,830 5,595,821 3,655,830 4
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: November 8, 2000 By: /s/ Henry F. Schlueter ---------------- ---------------------------------------- Henry F. Schlueter, Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----