Q P group (01412) released the interim performance for the six months ending on June 30, 2024, and the group achieved income...
Zhitong Finance APP News, Q P group (01412) released the interim performance for the six months ending on June 30, 2024, and the group achieved income of 0.539 billion Hong Kong dollars, an increase of 16.92% year-on-year; the profit attributable to equity shareholders of the company was 53.975 million Hong Kong dollars, an increase of 50.89% year-on-year; earnings per share was 10.15 Hong Kong cents, with a proposed interim dividend of 3 Hong Kong cents per share.
The net profit margin increased from approximately 7.8% in the first 6 months of 2023 to approximately 9.8% in the first 6 months of 2024. The increase in net profit is mainly due to the better economies of scale brought by the increase in OEM sales and website sales revenue, as well as the positive impact of continuous improvement in operational and production efficiency, partially offset by the increase in sales and administrative expenses. The group's income increased by approximately 16.9% from approximately 0.461 billion Hong Kong dollars in the first 6 months of 2023 to approximately 0.5386 billion Hong Kong dollars in the first 6 months of 2024, mainly due to growth in OEM sales and website sales. The group's OEM sales revenue increased by approximately 19.3% from approximately 0.3678 billion Hong Kong dollars in the first 6 months of 2023 to approximately 0.4388 billion Hong Kong dollars in the first 6 months of 2024, mainly attributed to the increase in demand for the group's board game products by the group's main OEM customers. The group's website sales revenue also increased by approximately 7.4% from approximately 92.9 million Hong Kong dollars in the first 6 months of 2023 to 99.8 million Hong Kong dollars in the first 6 months of 2024. The number of active registered user accounts (referring to the number of registered user accounts that placed orders on the company's main website) increased from approximately 0.0641 million as of December 31, 2023 to approximately 0.0704 million as of June 30, 2024.
