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隽思集团(01412) - 2024 - 年度业绩
Q P GROUPQ P GROUP(HK:01412)2025-03-24 09:27

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue of Q P Group Holdings Limited was approximately HKD 1,210.9 million, an increase of about 16.5% compared to the fiscal year 2023[4] - The profit attributable to equity shareholders for the fiscal year 2024 was approximately HKD 129.1 million, representing an increase of approximately 61.2% from the fiscal year 2023[4] - The basic earnings per share for the fiscal year 2024 was approximately HKD 0.2427, compared to HKD 0.1506 for the fiscal year 2023[4] - The gross profit for the fiscal year 2024 was HKD 436.2 million, compared to HKD 356.1 million in the fiscal year 2023, indicating a significant increase[5] - The operating profit for the fiscal year 2024 was HKD 145.5 million, compared to HKD 90.4 million in the fiscal year 2023[5] - The total comprehensive income for the fiscal year 2024 was HKD 106.0 million, compared to HKD 58.1 million in the fiscal year 2023[6] - Revenue for the year ended December 31, 2024, increased to HKD 1,210,937,000, up 16.5% from HKD 1,039,199,000 in 2023[18] - Gross profit for the year was HKD 436,175,000, representing a gross margin of approximately 36.0%, compared to HKD 356,092,000 and a margin of 34.3% in 2023[20] - The company reported a net profit of HKD 127,281,000 for 2024, an increase of 62.7% from HKD 78,268,000 in 2023[20] - The group's revenue for the fiscal year 2024 was approximately HKD 1,210.9 million, an increase of 16.5% from approximately HKD 1,039.2 million in fiscal year 2023[55] - OEM sales for fiscal year 2024 amounted to approximately HKD 984.8 million, up by approximately HKD 139.0 million or 16.4% from approximately HKD 845.8 million in fiscal year 2023[50] - Website sales for fiscal year 2024 reached approximately HKD 226.1 million, an increase of approximately HKD 32.7 million or 16.9% from approximately HKD 193.4 million in fiscal year 2023[50] - The group's net profit margin improved from approximately 7.5% in fiscal year 2023 to approximately 10.5% in fiscal year 2024[52] Dividends - The board of directors proposed a final dividend of HKD 0.11 per share for the fiscal year 2024, up from HKD 0.08 per share in the fiscal year 2023[4] - The interim dividend declared for the current year is HKD 0.03 per share, an increase from HKD 0.02 per share in the previous year, totaling HKD 15.96 million compared to HKD 10.64 million[34] - The board of directors has proposed a final dividend of 11.0 HKD cents per share for the year ending December 31, 2024, amounting to approximately 58.5 million HKD, pending shareholder approval[97] Assets and Liabilities - The total assets as of December 31, 2024, amounted to HKD 1,170.9 million, compared to HKD 1,090.7 million as of December 31, 2023[8] - The total equity attributable to equity shareholders was HKD 882.2 million as of December 31, 2024, compared to HKD 834.7 million as of December 31, 2023[9] - The net cash and bank balances increased to HKD 246.5 million in 2024 from HKD 160.4 million in 2023[8] - Total borrowings as of December 31, 2024, are approximately HKD 50.15 million, an increase from HKD 47.88 million in 2023, reflecting a growth of 4.3%[41] - Trade payables increased to HKD 75.23 million in 2024 from HKD 64.44 million in 2023, representing a rise of 16.7%[46] - The total borrowings, supplier financing arrangements, and lease liabilities amounted to approximately HKD 70.7 million as of December 31, 2024, compared to HKD 50.8 million a year earlier[71] - As of December 31, 2024, the company's capital debt ratio is approximately 8.0%, compared to 6.1% as of December 31, 2023[82] Operational Efficiency - The company identified two reportable segments: website sales generated HKD 226,100,000 and OEM sales generated HKD 984,837,000 in 2024[20] - The aging analysis of trade receivables shows that amounts overdue by more than 90 days decreased from HKD 23.28 million in 2023 to HKD 1.60 million in 2024, indicating improved collection efficiency[38] - The company has no impairment provisions for trade receivables for both 2024 and 2023, indicating a stable credit risk environment[38] - The company maintained a healthy current asset net value of approximately HKD 269.0 million as of December 31, 2024, up from HKD 204.3 million a year earlier[70] - Administrative expenses increased by approximately 11.1% to about HKD 202.8 million in fiscal year 2024, mainly due to rising employee costs[65] - The company reported a capital commitment of approximately HKD 59.9 million for the purchase of properties, plants, and equipment as of December 31, 2024, up from HKD 21.0 million in the previous year[74] Market and Customer Insights - Revenue from the U.S. market was HKD 772,747,000, up 11.2% from HKD 695,088,000 in 2023[21] - Major customers contributed significantly to revenue, with Customer A generating HKD 274,561,000 and Customer B generating HKD 364,360,000 in 2024[21] - The number of active registered user accounts grew by approximately 21.1% from about 64,100 on December 31, 2023, to approximately 77,600 on December 31, 2024[52] Future Plans and Developments - The Vietnam factory became a significant production site during the reporting period, with construction agreements for expansion signed in September 2024[52] - The new factory building in Vietnam is expected to commence operations in the third quarter of 2025, enhancing the group's supply chain capabilities[54] - The group plans to enhance its competitive advantage in trading card games (TCG) and collectible card production through innovation in product structure design and printing technology[54] - The group aims to improve operational efficiency and competitiveness through the expansion of smart operations across more production lines and workshops[54] Miscellaneous - The company has entered into a construction contract with an independent contractor for the construction of a factory in Vietnam at a cost of 176,600,000,000 VND (approximately 55,992,391 HKD) to enhance its supply chain capabilities[79] - The company has approximately 78.4 million HKD in right-of-use assets and approximately 63.3 million HKD in properties, plants, and equipment pledged as collateral for bank loans and supplier financing arrangements[81] - The company has maintained the required public float as per listing rules prior to the announcement date[95] - The company has not purchased, sold, or redeemed any of its listed securities during the fiscal year ending December 31, 2024[86] - The company has not disclosed any significant events affecting its operations after the fiscal year 2024[87] - The company has adopted a stock option plan to incentivize selected qualified individuals for their contributions, with no options granted under this plan as of December 31, 2024[84] - The company will suspend share transfer registration from June 3, 2025, to June 6, 2025, to determine shareholder eligibility for the annual general meeting[99] - The company will also suspend share transfer registration from June 16, 2025, to June 18, 2025, for the proposed final dividend distribution, pending shareholder approval[100] - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report for the year ending December 31, 2024, to be sent to shareholders by April 30, 2025[101]