QPL INT'L中期报告2024-2025

INTERIMREPORT2024/25中期報告 CONTENTS 2DIRECTORS’ STATEMENT8INFORMATION PROVIDED IN ACCORDANCEWITH THE LISTING RULES14CONDENSED CONSOLIDATED STATEMENTOF PROFIT OR LOSS AND OTHERCOMPREHENSIVE INCOME15CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITION16CONDENSED CONSOLIDATED STATEMENTOF CHANGES IN EQUITY17CONDENSED CONSOLIDATED STATEMENTOF CASH FLOWS18NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS DIRECTORS’ STATEMENT The Board ofDirectors (the “Board” or “Directors”) of QPLInternational Holdings Limited (the “Company”) announced theunaudited consolidated interim results ofthe Company and itssubsidiaries (collectively the “Group”) for the six months ended31 October 2024 (the “Period”). The interim financial results andreport have not been audited, but have been reviewed by the auditcommittee of the Company. QPL International Holdings Limited FINANCIAL RESULTS 154,410,000132,570,00016.47%11,260,00020,320,0003.907.04 The Group reported a turnover ofHK$154.41 million for thePeriod, representing an increase of16.47% as compared withHK$132.57 million for the same period last year. The Group’sconsolidatedprofit for the Period amounted to HK$11.26million, as compared with a loss ofHK$20.32 million for thecorresponding period in 2023. Earnings per share for the Periodwas HK3.90 cents (2023: Loss per share of HK7.04 cents). DIVIDEND The Directors do not recommend the payment ofan interimdividend for the Period (2023: HK$Nil). BUSINESS REVIEW 16.47%154,410,000132,570,000 TheGroup faced many challenges in the tough businessenvironment for the Period and recorded an increase in turnoverof16.47% to HK$154.41 million (2023: HK$132.57 million)during the Period. 51,050,00047,000,00033.06%35.45%) During the Period, staff costs increased to HK$51.05 million (2023:HK$47.00 million), representing 33.06% (2023: 35.45%) oftheGroup’s turnover. The Group will continue to implement policiesto mitigate the impact of increasing labour costs. 37.29%41,600,00030,300,00026.94%22.86%)9,450,0006,660,00011,590,000820,0001,550,000210,000150,000600,0001,110,0001,010,000430,000710,000820,000 Other operating expenses, increased by 37.29% to HK$41.60million (2023: HK$30.30 million) representing 26.94% (2023:22.86%) ofthe Group’s turnover during the Period, generallyincludedfactory operating costs,selling and administrativeexpenses such as repair and maintenance expenses ofHK$9.45million (2023: HK$6.66 million), fuel expenses of HK$Nil million(2023: HK$11.59 million), consumables, tools and utensils ofHK$0.82million(2023:HK$1.55 million),sale commissionand agency fee ofHK$0.21 million (2023: HK$0.15 million),advertising and promotion expenses ofHK$0.60 million (2023:HK$1.11 million), business entertainment expenses ofHK$1.01million (2023: HK$0.43 million), and legal and professional feeofHK$0.71 million (2023: HK$0.82 million). The Group willcontinue to tighten its expenditure in its efforts to minimizethe impact ofincreasing factory operating costs, selling andadministrative expenses. DIRECTORS’ STATEMENT 9,540,00010,910,0006,300,000 The financial results ofthe Group were affected by net fairvalue gain on financial asset at fair value through profit or loss(“FVTPL”) ofapproximately HK$9.54 million (2023: loss ofHK$10.91 million) during the Period. The net fair value gain onfinancial asset at FVTPL mainly comprised of the fair value gainon investment in listed equity securities ofHao Wen HoldingsLimited (“HWH”) (approximately HK$6.3 million). Details ofthe financial asset at FVTPL are disclosed in the “SignificantInvestments” section of this report. LIQUIDITY AND FINANCIAL RESOURCES 44,980,00058,540,00051,130,00052,340,00034,610,00035,370,0002,510,0002,950,00014,010,00014,020,00037,120,00038,320,00014,010,00014,020,000 The Group’s cash and bank balances amounted to HK$44.98million as at 31 October 2024 (30 April 2024: HK$58.54 million).To finance its working capital, the Group has incurred totaloutstanding debts ofHK$51.13 million as at 31 October 2024(30 April 2024: HK$52.34 million), which comprised HK$34.61million (30 April 2024: HK$35.37 million) of collateralised bankborrowings, HK$2.51 million (30 April 2024: HK$2.95 million) oflease liabilities and HK$14.01 million (30 April 2024: HK$14.02million) of other borrowings. In terms of interest costs, includedin the outstanding debts, HK$37.12 million (30 April 2024:HK$38.32 million) was interest bearing and HK$14.01 million (30April 2024: HK$14.02 million) was interest free. 15.2%16.1% The gearing ratio was 15.2% as at 31 October 2024 (30 April 2024:16.1%). FOREIGN EXCHANGE RISK MANAGEMENT The Group mainly operates in the People’s Republic ofChina(“PRC”) and Hong Kong and is exposed to foreign exchange riskarising from various currency exposures, primarily with respect toRenminbi (“RMB”) and United States dollars. The fluctuationsin currency exchange rates for the Period did not adversely affectthe Group’s operations or liquidity. During the Period, the Groupha