Financial Performance - The Group reported a turnover of HK$161.00 million for the six months ended 31 October 2025, representing an increase of 4.27% compared to HK$154.41 million for the same period last year[6]. - The consolidated profit for the Period amounted to HK$77.90 million, a significant increase from HK$11.26 million for the corresponding period in 2024[6]. - Earnings per share for the Period was HK24.62 cents, compared to HK3.90 cents in 2024[6]. - Profit before tax for the period was HK$78,830,000, significantly higher than HK$11,760,000 in the previous year, representing a growth of 572.5%[86]. - Profit for the period attributable to owners of the Company was HK$77,895,000, compared to HK$11,260,000 in the prior year, marking a year-over-year increase of 691.5%[86]. - Total comprehensive income for the period attributable to owners of the Company was HK$78,549,000, compared to HK$11,580,000 in the previous year, indicating a significant increase[86]. Expenses and Costs - Staff costs increased to HK$51.63 million, representing 32.07% of the Group's turnover, down from 33.06% in 2024[8]. - Other operating expenses decreased by 8.97% to HK$37.87 million, representing 23.52% of the Group's turnover, down from 26.94% in 2024[9]. - Staff costs for the period were HK$51,632,000, slightly up from HK$51,051,000 in the previous year[86]. - Other operating expenses decreased to HK$37,871,000 from HK$41,598,000, reflecting a reduction of 8.7%[86]. Assets and Liabilities - The Group's cash and bank balances amounted to HK$70.92 million as at 31 October 2025, down from HK$78.04 million as at 30 April 2025[18]. - Total outstanding debts were HK$53.43 million as at 31 October 2025, down from HK$58.76 million as at 30 April 2025[18]. - The gearing ratio was 13.01% as at 31 October 2025, a decrease from 18.19% as at 30 April 2025[19]. - The total assets of the company as of October 31, 2025, were HK$555,674,000, an increase from HK$465,066,000 as of April 30, 2025, indicating a growth of approximately 19.4%[124]. - The net current assets rose to HK$294,577,000, up from HK$205,294,000, indicating a 43% increase[88]. - Trade receivables, net, rose to HK$73,403,000 as of 31 October 2025, compared to HK$54,575,000 as of 30 April 2025, reflecting a growth of 34.4%[148]. Investments - The net fair value gains on financial assets at fair value through profit or loss (FVTPL) were approximately HK$60.31 million, compared to HK$9.54 million in 2024[16]. - The Group's financial assets at fair value through profit or loss (FVTPL) increased significantly to HK$123,576,000 as of 31 October 2025, compared to HK$60,647,000 as of 30 April 2025[107]. - The investment in CJH, valued at approximately HK$4.38 million, generated a fair value gain of approximately HK$34.2 million during the period[37]. - The group invested HK$2.24 million in property, plant, and equipment during the period, financed mainly from internal resources[26]. Share Capital and Dividends - The company issued shares worth HK$9,010,000, increasing the share capital to HK$3,465,000 as of 31 October 2025[90]. - The Group did not recommend the payment of an interim dividend for the six months ended 31 October 2025, consistent with no dividend in 2024[144]. - As of October 31, 2025, Ms. Tung Siu Ching holds 1,800,000 ordinary shares, representing 1.00% of the issued share capital of the Company[52]. Strategic Focus and Future Plans - The Group aims to enhance operational performance by increasing production efficiency and capacity, alongside upgrading existing plant and machinery[42]. - The Group plans to strengthen its engineering and production departments to maintain competitive advantages in short lead times and high production planning flexibility[41]. - The Group will continue to explore other business opportunities to expand its principal manufacturing business and improve returns to shareholders[43]. Market and Customer Insights - The Group operates in one business segment, focusing on the manufacture and sale of integrated circuit leadframes, heatsinks, stiffeners, and related products, with customers primarily located in the USA, Hong Kong, Europe, PRC, Philippines, Malaysia, Singapore, and Thailand[110]. - Revenue from contracts with external customers under HKFRS 15 amounted to approximately HK$170,864,000, up from HK$160,646,000 in 2024, indicating a growth of about 6.8%[120]. - The PRC segment generated revenue of HK$50,790,000, a decrease from HK$54,158,000 in 2024, reflecting a decline of approximately 6.9%[115]. - Customer A in Malaysia reported revenue of HK$54,433,000 for the six months ended 31 October 2025, an increase of 13.0% from HK$47,868,000 in 2024[131]. Corporate Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended October 31, 2025[78]. - The interests of directors and chief executives in shares and underlying shares were disclosed in accordance with the Securities and Futures Ordinance[50]. - Total remuneration for directors and key management is determined by the remuneration committee based on individual performance and market trends[175].
QPL INT'L(00243) - 2026 - 中期业绩