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德林国际(01126.HK)委任柳在成为执行董事
Ge Long Hui· 2025-08-25 13:11
格隆汇8月25日丨德林国际(01126.HK)发布公告,(1)柳在成先生已获委任为执行董事;及(2)金盛识先生 已辞任执行董事,自2025年8月25日起生效。 ...
德林国际(01126) - 委任财务总监
2025-08-25 12:52
DREAM INTERNATIONAL LIMITED 德林國際有限公司 (於香港註冊成立之有限公司) (股份代號:1126) 委任財務總監 德林國際有限公司(「本公司」,連同其附屬公司統稱「本集團」)董事(「董事」)會 (「董事會」)欣然宣佈,李旻重先生(「李先生」)已獲委任為本公司財務總監,自二 零二五年八月二十五日起生效。 香港交易及結算所有限公司與香港聯合交易所有限公司對本公告之內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不會對因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 彼持有韓國科學技術院(KAIST) 工商管理碩士學位,北京大學國際關係學士學位 及早稻田大學文科學士學位。於加盟本集團前,李先生曾任職於樂天集團,擁有有 關銷售及戰略規劃的工作經驗。李先生為本公司主席及執行董事崔奎玧先生之女婿。 於本公告日期,李先生被視為透過其配偶擁有香港法例第571章證券及期貨條例第 XV部所界定之23,500,000股本公司股份權益。 董事會謹此熱烈歡迎李先生在本集團擔任新職務。 承董事會命 德林國際有限公司 執行董事 崔奎玧 香港,二零二五年八月二十五 ...
德林国际(01126) - 董事名单与其角色和职能
2025-08-25 12:51
DREAM INTERNATIONAL LIMITED 德林國際有限公司 (於香港註冊成立之有限公司) (股份代號:1126) 董事名單與其角色和職能 德林國際有限公司董事(「董事」)會(「董事會」)成員載列如下: 執行董事: 崔奎玧 (主席) 李旻重 金賢珠 柳在成 獨立非執行董事: M 有關董事委員會的成員 李政憲 香港,二零二五年八月二十五日 柳贊 林宗勳 董事會設立三個委員會。下表提供各董事會成員在這些委員會中所擔任的職位: | | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | | 李旻重 | | M | M | | 金賢珠 | | M | | | 李政憲 | C | M | M | | 柳贊 | M | M | C | | 林宗勳 | M | C | M | 附註: C 有關董事委員會的主席 ...
德林国际(01126) - 执行董事变更
2025-08-25 12:51
香港交易及結算所有限公司與香港聯合交易所有限公司對本公告之內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不會對因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 DREAM INTERNATIONAL LIMITED 德林國際有限公司 (於香港註冊成立之有限公司) (股份代號:1126) 執行董事變更 董事會宣佈: 委任執行董事 德林國際有限公司(「本公司」,連同其附屬公司統稱「本集團」)董事(「董事」)會 (「董事會」)欣然宣佈,柳在成先生(「柳先生」)已獲委任為執行董事,自二零二五 年八月二十五日起生效。 柳先生,53歲,現任Dream Plastic Co., Ltd及JY Plastic Co., Ltd.(該等公司均屬於本 集團塑膠手板模型分部)的法定代表人。彼於一九九八年畢業於韓國仁荷大學,持 有工商管理學士學位。彼於一九九八年加入J.Y. International Co., Ltd.作為管理部員 工。歷經多年,彼已於玩具業及其生產累積豐富知識。 除上文所披露者外,於本公告日期,柳先生並無出任本公司及本集團其他成員公 司之任何其他職務,彼亦無於過 ...
德林国际(01126) - 截至二零二五年六月三十日止六个月的中期股息
2025-08-25 12:50
EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 德林國際有限公司 | | 股份代號 | 01126 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二五年六月三十日止六個月的中期股息 | | | 公告日期 | 2025年8月25日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期(半年期) | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.25 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.25 HKD | | 匯率 | 1 HKD : 1 HKD | ...
德林国际(01126) - 2025 - 中期业绩
2025-08-25 12:49
[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) Deling International Holdings Limited announces its unaudited consolidated results for the six months ended June 30, 2025 [Company Information](index=1&type=section&id=Company%20Information) Deling International Holdings Limited (Stock Code: 1126) board is pleased to announce the unaudited consolidated results for the six months ended June 30, 2025, with comparative data for 2024 - Deling International Holdings Limited (Stock Code: 1126) announced its unaudited consolidated results for the six months ended June 30, 2025[2](index=2&type=chunk) [Consolidated Financial Statements](index=1&type=section&id=Consolidated%20Financial%20Statements) The company presents its consolidated financial statements, including income, comprehensive income, and financial position, for the interim period [Consolidated Income Statement](index=1&type=section&id=Consolidated%20Income%20Statement) For the six months ended June 30, 2025, revenue increased by 12.4% to HK$2,578,311 thousand, profit for the period rose 10.1% to HK$307,026 thousand, and basic and diluted earnings per share were HK$0.454 Key Data from Consolidated Income Statement (Six Months Ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 2,578,311 | 2,294,045 | +12.4% | | Cost of sales | (2,060,691) | (1,743,774) | +18.2% | | Gross profit | 517,620 | 550,271 | -5.9% | | Operating profit | 393,459 | 349,301 | +12.6% | | Profit before tax | 390,112 | 347,727 | +12.2% | | Profit for the period | 307,026 | 278,854 | +10.1% | | Basic and diluted earnings per share | HK$0.454 | HK$0.412 | +10.2% | [Consolidated Statement of Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) Total comprehensive income for the period significantly increased to HK$340,252 thousand, primarily due to a shift from loss to gain in exchange differences from translating financial statements of overseas subsidiaries Key Data from Consolidated Statement of Comprehensive Income (Six Months Ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Profit for the period | 307,026 | 278,854 | +10.1% | | Exchange differences arising from translation of financial statements of overseas subsidiaries | 33,226 | (39,900) | from loss to gain | | Other comprehensive income for the period | 33,226 | (39,900) | from loss to gain | | Total comprehensive income for the period | 340,252 | 238,954 | +42.4% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets less current liabilities increased to HK$4,082,520 thousand, net assets rose to HK$4,030,424 thousand, and net current assets maintained steady growth Key Data from Consolidated Statement of Financial Position (As of June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current assets | 1,468,089 | 1,389,351 | +5.7% | | Current assets | 3,718,527 | 3,569,990 | +4.2% | | Current liabilities | 1,104,096 | 967,150 | +14.1% | | Net current assets | 2,614,431 | 2,602,840 | +0.4% | | Total assets less current liabilities | 4,082,520 | 3,992,191 | +2.3% | | Non-current liabilities | 52,096 | 31,273 | +66.6% | | Net assets | 4,030,424 | 3,960,918 | +1.7% | | Total equity | 4,030,424 | 3,960,918 | +1.7% | [Notes to the Unaudited Interim Financial Report](index=5&type=section&id=Notes%20to%20the%20Unaudited%20Interim%20Financial%20Report) This section provides detailed notes on the group's accounting policies, financial performance, and position, including segment reporting and key financial balances [General Information and Basis of Preparation](index=5&type=section&id=General%20Information%20and%20Basis%20of%20Preparation) The Group's principal activities include designing, developing, manufacturing, and selling plush toys, plastic figures, and tarpaulins, with the interim financial report prepared under HKAS 34 and reviewed by KPMG - The Group's principal activities are the design, development, manufacture, and sale of plush toys, plastic figures, and tarpaulins[10](index=10&type=chunk) - The interim financial report has been prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and reviewed by KPMG[11](index=11&type=chunk)[12](index=12&type=chunk) [Changes in Accounting Policies](index=6&type=section&id=Changes%20in%20Accounting%20Policies) The Group applied amendments to HKAS 21 'The Effects of Changes in Foreign Exchange Rates – Lack of Exchangeability', which had no material impact on this interim report due to the absence of non-exchangeable foreign currency transactions - The Group has applied the amendments to Hong Kong Accounting Standard 21 'The Effects of Changes in Foreign Exchange Rates – Lack of Exchangeability'[14](index=14&type=chunk) - As the Group did not enter into any foreign currency transactions involving a currency that is not exchangeable into another currency, the amendments had no material impact on this interim report[14](index=14&type=chunk) [Revenue and Segment Reporting](index=6&type=section&id=Revenue%20and%20Segment%20Reporting) The Group's revenue is segmented by product line and customer geography into three reportable segments: plush toys, plastic figures, and tarpaulins, with strong demand in North America and Japan driving overall revenue growth - The Group has identified three reportable segments: plush toys, plastic figures, and tarpaulins[16](index=16&type=chunk) Revenue by Major Product Line (Six Months Ended June 30) | Product Line | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Plush toys | 1,324,333 | 1,186,083 | +11.7% | | Plastic figures | 1,068,951 | 936,337 | +14.2% | | Tarpaulins | 185,027 | 171,625 | +7.8% | | **Total** | **2,578,311** | **2,294,045** | **+12.4%** | Revenue by Customer Geographical Location (Six Months Ended June 30) | Geographical Location | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Hong Kong | 173,400 | 144,760 | +19.8% | | North America | 1,046,889 | 976,417 | +7.2% | | Japan | 702,306 | 539,157 | +30.3% | | Mainland China | 509,205 | 509,985 | -0.2% | | Europe | 79,689 | 62,475 | +27.6% | | Other countries | 66,822 | 61,251 | +9.1% | | **Total** | **2,578,311** | **2,294,045** | **+12.4%** | Reportable Segment Profit (Adjusted EBITDA) | Segment | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Plush toys | 340,508 | 306,266 | +11.2% | | Plastic figures | 92,970 | 98,003 | -5.2% | | Tarpaulins | 26,064 | 22,006 | +18.4% | | **Total** | **459,542** | **426,275** | **+7.8%** | [Profit Before Tax](index=8&type=section&id=Profit%20Before%20Tax) Profit before tax was HK$390,112 thousand, influenced by increased finance costs (higher interest expenses on bank borrowings and lease liabilities) and decreased depreciation expenses Finance Costs (Six Months Ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Interest expense on bank borrowings | 1,878 | 356 | +427.5% | | Interest expense on lease liabilities | 1,711 | 1,015 | +68.6% | | **Total** | **3,589** | **1,371** | **+161.8%** | Impact of Other Items on Profit Before Tax (Six Months Ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Depreciation expense | 66,714 | 82,126 | -18.7% | | Write-down of inventories | 9,817 | 7,829 | +25.4% | | Reversal of write-down of inventories | – | (22,508) | from reversal to none | | Bank interest income | (22,290) | (25,099) | -11.2% | | Net (gain)/loss on disposal of other property, plant and equipment | (369) | 402 | from loss to gain | [Income Tax](index=8&type=section&id=Income%20Tax) Total income tax for the period was HK$83,086 thousand, an increase of 20.6% year-on-year, with higher Hong Kong profits tax and increases in overseas and deferred tax Income Tax (Six Months Ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Current tax – Hong Kong profits tax | 14,201 | 4,560 | +211.4% | | Current tax – Outside Hong Kong | 61,227 | 66,656 | -8.1% | | Deferred tax | 7,658 | (2,343) | from negative to positive | | **Total** | **83,086** | **68,873** | **+20.6%** | - Hong Kong profits tax provision is calculated at 16.5% of the estimated assessable profit for the period, with the first HK$2,000,000 for qualifying corporations taxed at 8.25%[23](index=23&type=chunk) - Withholding tax of **HK$8,876,000** (2024: HK$7,724,000) on dividend income from Mainland China subsidiaries is included in 'Current tax – Outside Hong Kong'[24](index=24&type=chunk) [Capital, Reserves and Dividends](index=9&type=section&id=Capital%2C%20Reserves%20and%20Dividends) The Board recommends an interim dividend of HK$0.25 per ordinary share, an increase from HK$0.20 in the prior period, totaling HK$169,216 thousand Interim Dividend (Six Months Ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Interim dividend per ordinary share | HK cents 25 | HK cents 20 | +25.0% | | Total dividends payable to equity holders of the Company | 169,216 | 135,373 | +25.0% | Final Dividend for Previous Financial Year (Approved and Paid in Subsequent Interim Period) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Final dividend per ordinary share | HK cents 40 | HK cents 35 | +14.3% | | Total dividends payable to equity holders of the Company | 270,746 | 236,903 | +14.3% | [Earnings Per Share](index=9&type=section&id=Earnings%20Per%20Share) For the six months ended June 30, 2025, basic earnings per share were HK$0.454, equal to diluted earnings per share due to the absence of potentially dilutive ordinary shares Earnings Per Share (Six Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Basic earnings per share | HK$0.454 | HK$0.412 | | Diluted earnings per share | HK$0.454 | HK$0.412 | - Basic earnings per share are calculated based on the profit attributable to equity holders of the Company of **HK$307,026,000** for the interim period and the weighted average number of ordinary shares outstanding of **676,865,000** shares[26](index=26&type=chunk) - Diluted earnings per share are equal to basic earnings per share as there were no potentially dilutive ordinary shares for the six months ended June 30, 2025 and 2024[27](index=27&type=chunk) [Property, Plant and Equipment](index=10&type=section&id=Property%2C%20Plant%20and%20Equipment) For the six months ended June 30, 2025, right-of-use assets increased by HK$26,762 thousand due to new lease agreements, with HK$103,701 thousand in new PPE purchases and a net gain of HK$369 thousand from disposals - For the six months ended June 30, 2025, right-of-use assets increased by **HK$26,762 thousand** (2024: HK$16,704 thousand), related to capitalized lease payments for new lease agreements[28](index=28&type=chunk) - The Group purchased other property, plant and equipment items at a cost of **HK$103,701 thousand** (2024: HK$100,089 thousand)[29](index=29&type=chunk) - Disposal of property, plant and equipment items with a net book value of **HK$7,245 thousand** resulted in a net gain on disposal of **HK$369 thousand** (2024: loss of HK$402 thousand)[29](index=29&type=chunk) [Other Financial Assets](index=10&type=section&id=Other%20Financial%20Assets) As of June 30, 2025, unlisted equity securities measured at fair value through other comprehensive income amounted to HK$1,917 thousand, primarily representing a strategic investment in JTBC, Korea Other Financial Assets (As of June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Unlisted equity securities at fair value through other comprehensive income | 1,917 | 1,771 | - Unlisted equity securities refer to the investment in Joongang Tongyang Broadcasting Company (JTBC), which is held for strategic purposes[30](index=30&type=chunk) [Inventories](index=10&type=section&id=Inventories) For the six months ended June 30, 2025, inventory write-downs amounted to HK$9,817 thousand, with no reversals in the current period compared to HK$22,508 thousand in the prior year - For the six months ended June 30, 2025, write-downs of inventories amounted to **HK$9,817 thousand** (2024: HK$7,829 thousand)[31](index=31&type=chunk) - There were no reversals of write-downs of inventories during the period (2024: HK$22,508 thousand)[31](index=31&type=chunk) [Trade and Other Receivables](index=11&type=section&id=Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and bills receivables were HK$882,396 thousand, with HK$498,861 thousand due within one month, and loans receivable amounted to HK$36,320 thousand, secured by third-party assets Ageing Analysis of Trade and Bills Receivables (As of June 30) | Ageing | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Within 1 month | 498,861 | 598,877 | | 1 to 2 months | 274,791 | 197,646 | | 2 to 3 months | 75,622 | 65,304 | | 3 to 4 months | 25,385 | 42,563 | | Over 4 months | 7,737 | 14,649 | | **Total** | **882,396** | **919,039** | Total Trade and Other Receivables (As of June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade and bills receivables | 882,396 | 919,039 | | Other receivables | 219,811 | 155,903 | | Prepayments | 19,306 | 16,462 | | Loans receivable | 36,320 | 34,511 | | **Total** | **1,157,833** | **1,125,915** | - Loans receivable are amounts due from third parties, of which **HK$34,514 thousand** are fully secured by leasehold land and factory buildings held by third parties, bearing interest at 5.4% to 9.5% per annum and repayable within one year[33](index=33&type=chunk) [Trade and Other Payables and Contract Liabilities](index=11&type=section&id=Trade%20and%20Other%20Payables%20and%20Contract%20Liabilities) As of June 30, 2025, total trade payables were HK$623,356 thousand, with HK$398,756 thousand due within one month, and increases in salaries and welfare payable, VAT payable, and other payables Ageing Analysis of Trade Payables (As of June 30) | Ageing | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Within 1 month | 398,756 | 279,915 | | After 1 month but within 3 months | 134,481 | 92,935 | | After 3 months but within 6 months | 65,431 | 37,392 | | Over 6 months | 24,688 | 13,626 | | **Total Trade Payables** | **623,356** | **423,868** | Total Trade and Other Payables and Contract Liabilities (As of June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 623,356 | 423,868 | | Salaries and welfare payable | 145,422 | 116,389 | | VAT payable | 8,154 | 5,942 | | Other payables and accrued expenses | 55,424 | 87,996 | | Receipts in advance | 4,853 | 2,080 | | **Total** | **837,209** | **636,275** | [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) Management discusses the Group's financial performance, business operations, and future outlook, highlighting revenue growth, market trends, and strategic initiatives [Financial Review](index=12&type=section&id=Financial%20Review) Despite challenges, the Group achieved a 12.4% revenue growth to HK$2,578.3 million in H1 2025, driven by strong demand and order shifts to Vietnam, though gross margin declined to 20.1% due to rising costs - Revenue for the period increased by **12.4%** to **HK$2,578.3 million**, primarily benefiting from strong demand in North American and Asian markets, and the shift of orders to Vietnam to mitigate tariff increases[35](index=35&type=chunk) Key Financial Review Data (Six Months Ended June 30) | Metric | 2025 (HK$ million) | 2024 (HK$ million) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 2,578.3 | 2,294.0 | +12.4% | | Gross profit | 517.6 | 550.3 | -5.9% | | Gross profit margin | 20.1% | 24.0% | -3.9 percentage points | | Profit attributable to equity holders of the Company | 307.0 | 278.9 | +10.1% | | Net profit margin | 11.9% | 12.2% | -0.3 percentage points | - As of June 30, 2025, the Group's cash and cash equivalents and current bank deposits amounted to **HK$1,577.1 million** (December 31, 2024: HK$1,607.4 million)[36](index=36&type=chunk) - The Board recommends an interim dividend of **HK cents 25** per ordinary share for the period (2024: HK cents 20)[36](index=36&type=chunk) [Business Review](index=12&type=section&id=Business%20Review) All three product lines achieved revenue growth, driven by strong demand in Asia and North America for plush toys and plastic figures, and inventory recovery for tarpaulins, with multi-regional production mitigating tariff impacts - Plush toys segment revenue grew by **11.7%** to **HK$1,324.3 million**, accounting for **51.4%** of total revenue, driven by demand from Asian theme park visitors and increased demand for non-China production capacity under US tariff policies[37](index=37&type=chunk) - Plastic figures segment revenue grew by **14.2%** to **HK$1,069.0 million**, accounting for **41.5%** of total revenue, driven by strong demand in Asian and North American markets, leveraging Vietnam and Indonesia production for order transfers[38](index=38&type=chunk) - Tarpaulins segment revenue grew by **7.8%** to **HK$185.0 million**, accounting for **7.1%** of total revenue, benefiting from lower inventory levels and a recovery in US market orders[39](index=39&type=chunk) - North America remains the Group's largest geographical market, accounting for **40.6%** of total revenue, followed by Japan (**27.2%**), China (**19.7%**), and Hong Kong (**6.7%**)[40](index=40&type=chunk) - The Group operates **28 factories** (7 in China, 20 in Vietnam, 1 in Indonesia) with an average utilization rate of approximately **84.7%**, and has introduced advanced equipment to enhance operational efficiency[41](index=41&type=chunk) [Outlook](index=14&type=section&id=Outlook) Geopolitical tensions and tariffs are expected to persist, but the IP-driven global toy market shows robust growth, prompting the Group to strengthen its multi-regional production, expand in Vietnam and Indonesia, and enhance efficiency - Geopolitical tensions and US tariff policies on toy imports from China are expected to continue to exert pressure on the industry[42](index=42&type=chunk) - The global toy market, especially the IP-driven segment, continues to show robust growth, driven by the expanding 'kidult' demographic, technology-integrated experiences, and strong collaborations with entertainment content[42](index=42&type=chunk) - The Group will continue to strengthen its multi-regional production layout, with China factories focusing on local and emerging Chinese brands, and Vietnam and Indonesia bases serving as global export hubs[43](index=43&type=chunk) - Plans are in place to add one factory each in Vietnam and Indonesia in the second half of 2025 to meet booming demand from Asian countries and the US market[43](index=43&type=chunk) - Committed to enhancing production efficiency and technological capabilities, seizing emerging opportunities through localized procurement, automated processes, and stringent quality assurance programs[43](index=43&type=chunk) - Establishing long-term partnerships with key character owners and licensors, continuously enhancing R&D and production capabilities to support higher product value and market penetration[44](index=44&type=chunk) [Other Information](index=15&type=section&id=Other%20Information) This section covers details on employee numbers, remuneration, liquidity, financial resources, asset pledges, corporate governance, and dividend announcements [Number of Employees and Remuneration](index=15&type=section&id=Number%20of%20Employees%20and%20Remuneration) As of June 30, 2025, the Group employed 28,699 staff globally, with total employee costs of HK$804,700 thousand for the period, and provides comprehensive training programs - As of June 30, 2025, the Group employed **28,699 staff** (December 31, 2024: 28,697 staff) in Hong Kong, China, Korea, USA, Japan, Vietnam, Singapore, and Indonesia[45](index=45&type=chunk) - Total staff costs for the Group amounted to **HK$804,700 thousand** for the period (2024: HK$670,500 thousand)[45](index=45&type=chunk) - The Group grants bonuses based on individual employee performance and provides comprehensive training programs or sponsors employees to attend various work-related training courses[45](index=45&type=chunk) [Liquidity, Financial Resources and Gearing Ratio](index=15&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Gearing%20Ratio) The Group maintains reasonable liquidity with net current assets of HK$2,614,400 thousand, significantly reduced bank loans, and a gearing ratio of 1.5%, indicating a robust financial position Key Liquidity and Gearing Ratio Data (As of June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Net current assets | 2,614,400 | 2,602,800 | +0.4% | | Total cash and cash equivalents | 1,479,400 | 1,407,900 | +5.1% | | Bank loans | 62,100 | 99,600 | -37.6% | | Gearing ratio | 1.5% | 2.5% | -1.0 percentage points | - The Group maintains a prudent approach to foreign exchange risk management, primarily exposed to risks denominated in USD, RMB, VND, JPY, and IDR[46](index=46&type=chunk) [Pledge of Group's Assets](index=15&type=section&id=Pledge%20of%20Group's%20Assets) As of June 30, 2025, the Group pledged assets totaling HK$268,800 thousand, including factory buildings, leasehold land, PPE, and time deposits, as security for bank loans and unutilized banking facilities - Assets with a total carrying value of **HK$166,100 thousand** were pledged as security for bank loans of **HK$62,100 thousand**[47](index=47&type=chunk) - Assets with a total carrying value of **HK$142,000 thousand** were pledged as security for unutilized banking facilities of **HK$86,200 thousand**[47](index=47&type=chunk) - Total pledged assets amounted to **HK$268,800 thousand** (December 31, 2024: HK$281,000 thousand)[47](index=47&type=chunk) [Corporate Governance](index=16&type=section&id=Corporate%20Governance) The Company complies with the Corporate Governance Code, with Mr. Choi Kweon-min serving as both Chairman and CEO for continuity, balanced by three independent non-executive directors - The Company has complied with the Corporate Governance Code set out in Appendix C1 to the Listing Rules, with the exception of a deviation from code provision C.2.1[51](index=51&type=chunk) - Mr. Choi Kweon-min holds both the Chairman and Chief Executive Officer positions, an arrangement the Board believes helps maintain continuity of the Company's policies and stability of business operations[51](index=51&type=chunk) - All Directors have confirmed their compliance with the Model Code for Securities Transactions by Directors of Listed Issuers for the six months ended June 30, 2025[52](index=52&type=chunk) [Interim Dividend and Closure of Register of Members](index=16&type=section&id=Interim%20Dividend%20and%20Closure%20of%20Register%20of%20Members) The Board declared an interim dividend of HK cents 25 per ordinary share for the six months ended June 30, 2025, payable on October 13, 2025, to shareholders registered on September 29, 2025 - The Board declared an interim dividend of **HK cents 25** per ordinary share (2024: HK cents 20) for the six months ended June 30, 2025[53](index=53&type=chunk) - The interim dividend of **HK$169,216,000** will be paid on October 13, 2025, to shareholders registered at the close of business on the record date, September 29, 2025[53](index=53&type=chunk) - To qualify for the interim dividend, all transfer documents, together with the relevant share certificates, must be lodged with the Company's share registrar by 4:30 p.m. on September 26, 2025[54](index=54&type=chunk) [Audit Committee and Review of Accounts](index=17&type=section&id=Audit%20Committee%20and%20Review%20of%20Accounts) The Audit Committee reviewed the Group's accounting principles, risk management, internal control systems, and financial reporting, confirming compliance with relevant standards, rules, and regulations, with the interim financial report reviewed by KPMG - The Audit Committee, together with the Company's management, has reviewed the accounting principles and practices adopted by the Group and discussed risk management, internal control systems, and financial reporting matters[55](index=55&type=chunk) - The Audit Committee is of the opinion that the unaudited interim results for the six months ended June 30, 2025, have complied with the relevant accounting standards, rules, and regulations and have been duly disclosed[55](index=55&type=chunk) - The interim financial report is unaudited but has been reviewed by the Company's auditor, KPMG, in accordance with Hong Kong Standard on Review Engagements 2410[55](index=55&type=chunk) [Publication of 2025 Interim Results and Interim Report](index=17&type=section&id=Publication%20of%202025%20Interim%20Results%20and%20Interim%20Report) The electronic version of this interim results announcement is available on the company and HKEX websites, with printed interim reports provided to shareholders upon request - The electronic version of this interim results announcement is available on the Company's website (www.dream-i.com.hk) and the HKEX website (www.hkexnews.hk)[56](index=56&type=chunk) - Printed copies of the interim report for the six months ended June 30, 2025, will be provided to shareholders upon request and will be posted on the aforementioned websites in due course[56](index=56&type=chunk)
港股午评|恒生指数早盘跌0.57% 中报盈喜股受市场追捧
智通财经网· 2025-08-20 04:07
智通财经APP获悉,港股恒生指数跌0.57%,跌142点,报24980点;恒生科技指数跌1.26%。港股早盘成 交1444亿港元。 舜宇光学科技(02382)绩后涨超6%,中期股东应占溢利同比增加52.56%。 福耀玻璃(03606)绩后拉升逾12%,中期归母净利约48.05亿元,同比增长37.33%。 周生生(00116)盈喜后涨19%,预计中期持续经营业务股东应占溢利约9亿至9.2亿港元。 小鹏汽车-W(09868)涨超4%,二季度营收同比增长125.3%,创单季度历史新高。 珍酒李渡(06979)再涨超5%,促消费政策释放积极信号,公司发力大珍、牛市啤酒等新品。 泡泡玛特(09992)涨超8.6%创新高,上半年经调整净利同比增长3.6倍。 德林国际(01126)涨超10%,股价续刷历史新高,机构称公司有望受益潮玩盛行趋势。 小菜园(00999)再涨近6%,上半年纯利增近36%,瑞银预计公司下半年加快开店。 易鑫集团(02858)涨超6%,上半年经调整净利同比增长28%,金融科技收入劲升124%。 耀才证券金融(01428)再跌超5%,较7月高点已跌近四成,公司称收购进展相关程序按计划进行。 九毛九(09 ...
德林国际涨超10% 股价续刷历史新高 机构称公司有望受益潮玩盛行趋势
Zhi Tong Cai Jing· 2025-08-20 03:27
消息面上,泡泡玛特日前发布2025年中期业绩,该公司上半年收入138.76亿元人民币,同比激增 204.4%。毛绒产品收入同比增长1276.2%,一跃成为最大品类,占总收入的44.2%。此外,8月20日,泡 泡玛特召开2025中期业绩发布会,供应链负责人袁俊杰表示,泡泡玛特毛绒品类成为爆款品类,得益于 产业链的精密制造和双向协同,毛绒品类产能同比提升10倍,8月产能突破3000万只。 公开资料显示,德林国际为全球最大的毛绒玩具生产商之一,该公司的产品线主要包括毛绒玩具、塑胶 手板模型、防水布罩及注塑产品,其中毛绒玩具和塑胶手板模型产品主要通过OEM模式(代工)提供给欧 美等客户。国证国际此前研报指出,德林国际作为全球领先的玩具制造商,和同行相比,具有多方面的 优势,包括设计研发团队经验丰富,人员数量充足;公司在中国和越南拥有自有厂房,并持续扩充产 能,在客户寻求产地多元化的背景下,公司具有独特优势;部分大客户在推出新IP时需要较高的保密 性,公司的自有厂房也具备保密性这一条件。综上,该行认为公司在潮流玩具盛行的趋势下,有望通过 持续扩充产能来获取更多生意机会,从而推动业绩的增长。 德林国际(01126)涨超1 ...
港股异动 | 德林国际(01126)涨超10% 股价续刷历史新高 机构称公司有望受益潮玩盛行趋势
智通财经网· 2025-08-20 03:24
Group 1 - Delin International's stock price surged over 10%, reaching a historical high of 17.8 HKD, with a year-to-date increase of 2.8 times [1] - Bubble Mart reported a significant revenue increase of 204.4% year-on-year, with a total revenue of 13.876 billion RMB for the first half of 2025 [1] - The plush product category saw a remarkable growth of 1276.2%, becoming the largest category, accounting for 44.2% of total revenue [1] Group 2 - Delin International is one of the largest plush toy manufacturers globally, with a product line that includes plush toys, plastic prototypes, waterproof covers, and injection-molded products [2] - The company operates through an OEM model primarily for plush toys and plastic prototypes, serving clients in Europe and America [2] - Delin International has advantages over competitors, including an experienced design and R&D team, owned factories in China and Vietnam, and the ability to maintain confidentiality for major clients [2] - The company is expected to capitalize on the trend of popular toys by continuously expanding production capacity, which will drive business opportunities and revenue growth [2]
德林国际(01126.HK)拟8月25日举行董事会会议批准中期业绩
Ge Long Hui· 2025-08-13 11:48
Group 1 - The company, Derin International (01126.HK), announced a board meeting scheduled for August 25, 2025, at its registered office [1] - The agenda for the meeting includes the consideration and approval of the group's interim results for the six months ending June 30, 2025 [1] - The board will also consider the distribution of an interim dividend, if any, along with handling other business matters [1]