Financial Performance - The Group reported a turnover of HK$154.41 million for the six months ended 31 October 2024, representing an increase of 16.47% compared to HK$132.57 million for the same period last year[10]. - The consolidated profit for the Period amounted to HK$11.26 million, a significant recovery from a loss of HK$20.32 million in the corresponding period of 2023[10]. - Earnings per share for the Period was HK3.90 cents, compared to a loss per share of HK7.04 cents in 2023[10]. - Profit before tax for the period was HK$11,760,000, compared to a loss of HK$20,319,000 in the previous year[72]. - Profit attributable to owners of the Company was HK$11,260,000, a significant recovery from a loss of HK$20,319,000 in the prior period[72]. - Total comprehensive income for the period attributable to owners of the Company was HK$11,580,000, compared to a loss of HK$20,268,000 in the same period last year[72]. Expenses and Costs - Staff costs increased to HK$51.05 million, representing 33.06% of the Group's turnover, down from 35.45% in the previous year[15]. - Other operating expenses rose by 37.29% to HK$41.60 million, accounting for 26.94% of the Group's turnover, up from 22.86% in 2023[15]. - Depreciation of property, plant, and equipment rose to HK$6,570,000, up from HK$4,155,000, indicating a significant increase of 58.2%[125]. - The Group's profit/(loss) for the period is calculated after accounting for various expenses, including staff costs and depreciation, which have shown significant changes year-over-year[124]. Assets and Liabilities - The Group's cash and bank balances amounted to HK$44.98 million as of 31 October 2024, down from HK$58.54 million as of 30 April 2024[18]. - Total outstanding debts were HK$51.13 million as of 31 October 2024, slightly down from HK$52.34 million as of 30 April 2024[18]. - The gearing ratio was 15.2% as of 31 October 2024, compared to 16.1% as of 30 April 2024[19]. - Net current assets increased to HK$214,506,000, up from HK$201,498,000 as of 30 April 2024[76]. - Total assets less current liabilities amounted to HK$337,659,000, compared to HK$326,531,000 at the end of the previous period[76]. - The total consolidated assets as of 31 October 2024 were HK$480,579,000, an increase from HK$461,285,000 as of 30 April 2024[105]. Cash Flow - For the six months ended 31 October 2024, net cash used in operating activities was HK$8,202,000, compared to a net cash inflow of HK$1,677,000 in the same period of 2023, indicating a significant decrease in cash flow from operations[82]. - The net cash used in investing activities was HK$4,147,000 for the current period, compared to HK$541,000 in the previous year, reflecting increased investment outflows[82]. - The net cash used in financing activities decreased to HK$1,207,000 from HK$8,569,000 year-over-year, suggesting a reduction in financing costs[82]. - The total cash and cash equivalents at 31 October 2024 were HK$44,982,000, down from HK$62,799,000 at the same date in 2023, representing a decrease of approximately 28.5%[82]. Investments - The net fair value gain on financial assets at fair value through profit or loss was approximately HK$9.54 million, compared to a loss of HK$10.91 million in 2023[17]. - The group recorded a fair value gain of approximately HK$4.45 million on its investment in WLS Holdings Limited for the six months ended October 31, 2024[34]. - The group invested HK$2.94 million in capital expenditure during the period, down from HK$4.26 million on April 30, 2024[26]. - The group has not entered into any hedging arrangements during the Period but will continue to monitor foreign currency exposure closely[20]. Share Capital and Options - As of October 31, 2024, Ms. Tung Siu Ching holds a total of 3,466,666 shares, representing 1.20% of the issued share capital of the Company[45]. - The total number of shares available for grant under the share option scheme is 22,562,211, which is 7.8% of the issued share capital[50]. - The maximum number of shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the issued share capital[50]. - As of October 31, 2024, there are 2,184,166 outstanding share options, representing approximately 0.76% of the issued share capital[51]. Corporate Governance - The Group's directors have confirmed compliance with the Model Code for Securities Transactions throughout the reporting period[39]. - The company has complied with all code provisions set out in the Corporate Governance Code except for certain immaterial deviations[68]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended October 31, 2024[62]. Market and Operational Strategy - The Group will continue to strengthen its engineering and production departments to maintain competitive advantages in short lead times and high production planning flexibility, potentially expanding market share[37]. - Plans to improve operational performance include increasing production efficiency and capacity, along with upgrading existing plant and machinery[37]. - The Group aims to explore additional business opportunities to expand its principal manufacturing business and enhance returns to shareholders[37]. Segment Performance - Revenue from Customer A in Malaysia increased to HK$47,868,000 for the six months ended 31 October 2024, up from HK$31,686,000 in the same period last year, representing a growth of 50.9%[110]. - Revenue from Customer B in the PRC rose to HK$24,735,000, compared to HK$22,637,000 in the previous year, reflecting an increase of 9.3%[110]. - The revenue from the PRC segment was HK$54,158,000, up from HK$48,703,000, representing an increase of 11.5%[102]. - The USA segment generated revenue of HK$5,268,000, significantly up from HK$1,372,000, marking a growth of 284.5%[102].
QPL INT'L(00243) - 2025 - 中期业绩