Washington, D.C. 20549





Report of Foreign Issuer



Pursuant to Rule 13a-16 or 15d-16 of


the Securities Exchange Act of 1934



For: August 26, 2014




(Translation of Registrant’s name into English)



1404, 14/F, Cheuk Nang Centre,

9 Hillwood Road, Tsimshatsui

Kowloon, 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   


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99.1 Press Release dated August 26, 2014






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 Exhibit 99.1






Bonso Electronics Reports Year End Results


HONG KONG, August 26, 2014 (Globe Newswire) -- Bonso Electronics International, Inc. (NASDAQ: BNSO), a designer and manufacturer of sensor based products, reported its financial results for the fiscal year ended March 31, 2014.


The company reported a net loss of $0.22 million or $0.04 basic and diluted loss per share, and a comprehensive income of $0.04 million for the fiscal year ended March 31, 2014. Net sales for the fiscal year ended March 31, 2014 increased 3.0% to $31.31 million from $30.39 million for the fiscal year ended March 31, 2013.


Anthony So, the Chief Executive Officer of Bonso, stated, "We are pleased that revenue increased over the prior year and with the reduction in our net loss from $0.76 million for the fiscal year ended March 31, 2013, to $0.22 million for the fiscal year ended March 31, 2014. We were able to decrease our loss in spite of the fact that our operations in China continue to be affected by inflation, especially increased labor costs. The minimum wage for workers has doubled in the last five years as the result of government required increases in the minimum wage. Our strategy to improve our financial performance is to eliminate or reduce sales of our low profit margin products and to focus our skill and resources in higher margin products including high precision industrial electronic scales."


Mr. So said that, "We completed moving all of our production processes to our new factory in February 2014 in order to reduce our labor costs. Also, the old factory is rented out to generate extra rental income to the Company. We believe that our strategy and these moves will enable us to return to profitability in the long run."


About Bonso Electronics


Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales, weighing instruments, health care products and pet electronics products. Bonso products are manufactured in the People's Republic of China for 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


This news release includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward looking statements may be identified by such words or phrases as ``should,'' ``intends,'' ``is subject to,'' ``expects,'' ``will,'' ``continue,'' ``anticipate,'' ``estimated,'' ``projected,'' ``may,'' `` I or we believe,'' ``future prospects,'' or similar expressions. Forward-looking statements made in this press release, which relate to the reduction of losses and a positive impact upon our future operations as a result of the sale of assets involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update “forward-looking” statements.



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-- Tables to Follow –

Consolidated Balance Sheets

(Expressed in United States Dollars)


   March 31
   2013  2014
   $ in thousands  $ in thousands
Current assets          
Cash and cash equivalents   1,140    116 
Fixed deposits maturing over three months   1,014    1,049 
Trade receivables, net   2,759    2,480 
Other receivables, deposits and prepayments   1,615    1,782 
Receivable from affiliated party   —      166 
Inventories   5,460    7,545 
 Financial instruments at fair value   54    —   
Income tax recoverable   1,740    1,739 
Total current assets   13,782    14,877 
Investment in life insurance contract   127    131 
Deposits - non current assets   288    293 
Property, plant and equipment          
Buildings   13,704    14,339 
Construction-in-progress   2,616    3,183 
Plant and machinery   21,565    11,276 
Furniture, fixtures and equipment   3,521    1,170 
Motor vehicles   444    589 
    41,850    30,557 
Less: accumulated depreciation and impairment   (33,551)   (18,105)
Property, plant and equipment, net   8,299    12,452 
Intangible assets, net   4,590    4,387 
Financial instruments at fair value - non current portion   37    —   
  Total assets  27,123   32,140 
Liabilities and stockholders’ equity          
Current liabilities          
Bank overdrafts - secured   180    630 
Notes payable - secured   2,276    2,527 
Accounts payable   7,793    10,413 
Accrued charges and deposits   2,329    2,597 
Income tax liabilities   7    7 
Payable to affiliated party   —      10 
Short-term bank loans - secured   1,357    2,320 
 Financial instruments at fair value   —      119 
 Current portion of capital lease obligations   —      23 
Total current liabilities   13,942    18,646 
Financial instruments at fair value - non current portion   —      208 
Capital lease obligations - non current portion   —      69 
Income tax liabilities   2,595    2,595 
Commitments and contingent liabilities          
Stockholders’ equity          
  Common stock par value $0.003 per share          
  - authorized shares - 23,333,334          

- issued shares: 2013 and 2014 - 5,577,639,

- outstanding shares: 2013 and 2014 - 5,246,903

   17    17 
  Additional paid-in capital   21,765    21,765 
  Treasury stock at cost: 2013 and 2014 - 330,736 shares   (1,462)   (1,462)
  Accumulated deficit   (12,588)   (12,809)
  Accumulated other comprehensive income   2,854    3,111 
    10,586    10,622 
Total liabilities and stockholders’ equity  27,123   32,140 


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Consolidated Statements of Operations and Comprehensive (Loss) / Income

(Expressed in United States Dollars)


   Year ended March 31,
   2013  2014
   $ in thousands  $ in thousands
Net sales   30,386    31,305 
Cost of sales   (25,263)   (28,631)
Gross profit   5,123    2,674 
Selling expenses   (268)   (389)
Salaries and related costs   (2,627)   (2,983)
Research and development expenses   (396)   (366)
Administration and general expenses   (2,402)   (2,964)
Other income   165    728 
Gain from liquidation of subsidiary   —      —   
Gain on disposal of property plant and equipment   2    3,595 
(Loss) / profit from operations   (403)   295 
Interest income   7    64 
Interest expense   (68)   (136)
Foreign exchange loss   (261)   (444)
Loss before income taxes   (725)   (221)
Income tax expense   (29)   —   
Net loss   (754)   (221)
Other comprehensive income, net of tax:          
Foreign currency translation adjustments, net of tax   62    257 
Comprehensive (loss) / income  (692)  36 
Weighted average number of shares outstanding -  5,246,903   5,246,903 
basic and diluted        
Net loss per share - basic and diluted  (0.14)  (0.04)



The diluted net loss per share was the same as the basic net loss per share for the fiscal year ended Mar 31, 2013 and 2014 as all potential ordinary shares including the stock options and warrants are anti-dilutive and are therefore excluded from the computation of diluted net loss per share.


For more information please contact:

Albert So

Chief Financial Officer and Secretary

Tel: 852 2605 5822

Fax: 852 2691 1724

SOURCE Bonso Electronics


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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.

Date:  August 26, 2014 By:   /s/ Albert So
Albert So, Chief Financial Officer and Secretary



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