Financial Performance - The Group reported a turnover of HK$236.01 million for the Period, representing an increase of 43.87% compared to HK$164.05 million for the same period last year[5]. - The consolidated profit for the Period amounted to HK$24.84 million, a significant recovery from a loss of HK$6.92 million in the corresponding period in 2020[5]. - Earnings per share for the Period was HK12.13 cents, compared to a loss per share of HK3.68 cents in 2020[5]. - Total comprehensive income for the period was HK$24,772,000, compared to a comprehensive loss of HK$7,005,000 in the same period last year[80]. - The company reported a profit of HK$24,837,000 for the six months ended October 31, 2021, compared to a loss of HK$6,919,000 for the same period in 2020[84]. Expenses and Costs - Staff costs increased to HK$59.42 million, representing 25.18% of the Group's turnover, slightly down from 25.34% in 2020[7]. - Other expenses rose by 19.93% to HK$44.21 million, accounting for 18.73% of turnover, down from 22.47% in 2020[8]. - Repair and maintenance expenses increased to HK$16,097,000 from HK$12,091,000, representing a rise of 33.0%[126]. - Finance costs rose slightly to HK$884,000 from HK$783,000, indicating a 12.9% increase year-over-year[80]. Assets and Liabilities - The Group's cash and bank balances amounted to HK$107.61 million as of 31 October 2021, down from HK$187.72 million on 30 April 2021[15]. - Total outstanding debts were HK$121.84 million as of 31 October 2021, a slight decrease from HK$124.59 million on 30 April 2021[15]. - The net current assets increased to HK$288,607,000 from HK$264,524,000, reflecting a growth of about 9.1%[82]. - Trade receivables as of 31 October 2021 totaled HK$96,769,000, an increase from HK$93,526,000 as of 30 April 2021, with receivables over 90 days amounting to HK$11,950,000[132]. - Trade payables amounted to HK$38,569,000 as of 31 October 2021, compared to HK$36,155,000 as of 30 April 2021, indicating a slight increase in liabilities[139]. Investments and Financial Assets - The net fair value gain on financial assets at fair value through profit or loss was approximately HK$27.87 million, compared to a loss of HK$11.13 million in 2020[14]. - The Group's financial assets at fair value through profit or loss (FVTPL) totaled approximately HK$101.28 million, representing 15.62% of total assets as of 31 October 2021, compared to 9.98% as of 30 April 2021[32]. - The Group's major investments include listed equity securities, with significant holdings in CIF, CPI, LGL, MSH, SMG, STL, and WLS[34][36]. - The fair value of equity securities listed in Hong Kong was HK$101,279,000, an increase from HK$61,023,000 as of 30 April 2021, representing a growth of 65.8%[157]. Corporate Governance and Compliance - The Company is committed to maintaining high standards of corporate governance, emphasizing effective internal controls and transparency[69][73]. - The Company adopted its own Code on Corporate Governance Practices, aligning with the principles set out in the Corporate Governance Code[70]. - The Audit Committee reviewed the Group's unaudited condensed consolidated financial statements for the six months ended October 31, 2021[68][72]. Share Capital and Options - As of October 31, 2021, Mr. Li Tung Lok holds a total of 5,755,271 shares, representing 3.90% of the issued share capital of the Company[51]. - The Company has granted a total of 41,945,832 share options under the share option scheme, which represents 18.6% of the issued share capital as of October 31, 2021[58]. - The total outstanding share options for Directors amounted to 12,324,998 shares[61]. - The total outstanding share options for Employees decreased to 29,620,834 shares after the cancellation of 13,333,334 options[62]. Market Presence and Revenue Segments - Revenue from the USA segment was HK$22,902,000, a significant increase of 197.5% from HK$7,694,000 in the previous year[103]. - The PRC segment generated revenue of HK$77,913,000, up 34.7% from HK$57,829,000 in 2020[103]. - The Group's customer base includes regions such as the USA, Hong Kong, Europe, and the PRC, indicating a diverse market presence[99].
QPL INT'L(00243) - 2022 - 中期财报